Dynasty Financial Partners announced Monday it hired Michael Moriarty as director of investment platforms.
Moriarty, based in the New York City office, will be responsible for developing and expanding the firm's investment management solutions. These include the Dynasty Separately Managed Account (SMA) and unified Managed Account (UMA), which are delivered in partnership with Callan Associates and Envestnet.
The programs have attracted over $2 billion in assets under advisement since their inception early 2012.
"We are delighted to welcome Michael to the Dynasty team, Todd Thomson, chairman of Dynasty said in a statement. He brings a depth of experience in investments and hedge funds to our investment platform and our Network Advisors, and will be invaluable in structuring solutions, educating Network Advisors, and ensuring the platform operates seamlessly.
Moriarty joins Dynasty from Citadel Asset Management, where he served as chief operating officer and helped manage approximately $15 billion in client assets across the firms two hedge funds platforms PioneerPath and Surveyor Capital.
Throughout his 20 years of experience in the financial services industry, Moriarty has served as managing director and head of Hedge Fund Linked Derivatives in the Americas for J.P. Morgan, responsible for merging the Bear Stearns and J.P. Morgan businesses, as well as managing the combined hedge fund portfolio. Previously, he was senior managing director and global head of the Hedge Fund Linked Derivatives business at Bear Stearns.
"Over the course of his career, Michael has demonstrated success building and running investment solutions, Ed Swenson, COO of Dynasty, said in a statement. Dynasty is committed to building out our investment capabilities in partnership with the leading independent Institutional Investment research firms, and Michael has the experience and talent to help execute this strategy."