Dynasty is closing 25-person office in New York
Firm is consolidating its operations in St. Petersburg, Florida
Dynasty Financial Partners is closing its former headquarters in New York City on Nov. 1, a move that will affect roughly 25 people, primarily staffers in operations, technology and sales.
“We expect some New York staffers to continue working from home, while others will eventually move to the St. Petersburg area,” the company said in a statement.
In 2019, Dynasty moved its headquarters to St. Petersburg, Florida. It employs 50 people there.
“The majority of our staff is based in St. Petersburg, so it no longer was necessary or made sense to keep the space that we had in New York; it accelerated a move that was already underway,” according to a statement about the closure, which was first reported by Citywire.
The coronavirus pandemic, which forced many financial services firms to exit their offices and led the vast majority of employees work from home, played a major role in Dynasty’s decision to exit New York.
[More: Financial services exodus from high-tax locales gains steam]
Learn more about reprints and licensing for this article.
