Dynasty Financial Partners and F.L. Putnam are deepenin their presence in the East as they welcome new partners to their respective networks in Virginia.
On Thursday, Dynasty announced DecisionMap, an RIA launched in October 2023, has joined Dynasty Financial Partners’ platform to access its suite of technology-driven wealth management services.
The Great Falls, Virginia-based firm was co-founded by chief executive officer Paul Bennett and president Mark Weber. Luke Bennett, managing director, leads the firm’s Atlanta office.
The team, which previously operated under Goldman Sachs, aims to provide comprehensive financial guidance with an emphasis on behavioral finance and economics.
“Over the years, our clients have told us again and again that they could not have navigated their investment journey without us,” Bennett said in a statement Thursday. “So, the name DecisionMap came easily to us by combining ‘decision-making’ with ‘journey.’”
Bennett said his team operated independently prior to their time at Goldman, and the decision to join Dynasty marks a return to autonomy.
Aside from focusing on mergers and acquisitions, the firm plans to expand into 401k services via Pontera, as well as explore alternative investing, and digital asset structures. It has selected Schwab and Fidelity as custodians, MoneyGuide Pro for financial planning, and BlackDiamond for financial reporting.
Prior to DecisionMap, Dynasty welcomed XX! Wealth, a Chicago-based team of veteran advisors who previously managed $900 million at CIBC.
Meanwhile, F.L.Putnam Investment announced its expansion into Virginia through its acquisition of AOG Wealth Management, a Reston-based RIA overseeing more than $330 million in assets. This marks F.L.Putnam’s fifth acquisition in the past year and brings its total office count to 10.
"Our combination with AOG demonstrates our commitment to providing value-added services to our current clients while enhancing our team with talented advisors in new locations where our clients live and work,” F.L. Putnam CEO Tom Manning said Tuesday.
Founded in 2000 by Fred Baerenz, AOG provides customized investment solutions to high-net-worth individuals, businesses, pension plans, trusts, and donor-advised funds across Northern Virginia, Washington, D.C., and Maryland.
Its nine-person team has joined F.L.Putnam, with Baerenz now serving as president of the AOG Institutional Fund.
“Joining F.L.Putnam presents an exciting opportunity for our advisors to access a broader range of services for their clients,” Baerenz said. “For me personally, this transaction enables me to continue building a world-class interval fund.”
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
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