A New York-based wealth team previously affiliated with Equitable Advisors has become the latest to embrace independence through Dynasty’s suite of technology-driven tools and services.
On Monday, the group of just over a dozed professionals from Equitable – which had been known as AXA Advisors until its parent company's 2020 rebranding – revealed their decision to launch as an independent firm, Matauro, through the Dynasty Financial Partners platform.
The move allows Matauro to offer more customized financial solutions tailored to the needs of their client base that includes entrepreneurs, business owners, and corporate executives. Enabled by its new independent structure, the firm will have greater flexibility in providing strategies that align with individual financial goals.
The team plans to leverage advanced technological solutions to deliver deeper insights and seamless integration with clients’ financial plans.
In a statement, Shirl Penney, CEO and founder welcomed Matauro into the "Dynasty Family," adding he was "thrilled to include a new firm in the steadily expanding independent wealth market.”
Matauro is led by co-founders Matthew Klein, CEO, Barrett Tabeek, CFO, and Steven Van Hooker, COO. Its stable of 14 experienced professionals includes Alexandra Fraser, managing director and principal advisor, and Eliran Abekassis, portfolio manager.
“Joining Dynasty allows us to provide our clients with enhanced tools and flexibility, helping them achieve their financial goals with even greater precision,” said Matthew Klein, CEO of Matauro.
Matauro has selected Fidelity as its custodian and will use Black Diamond for performance reporting, eMoney for financial planning, and BeCo for information security.
The Matauro team's move closely follows a realignment in Dynasty's leadership, in which the firm welcomed a new COO and placed two industry veterans in key positions to support its future growth.
With an estimated $100 billion across its enterprise as of Q2 2024, Dynasty’s network currently includes 56 independent firms and over 400 advisors, with average assets under management of $1.8 billion per firm.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
