Dynasty Financial Partners has a new deal with a Texas firm targeting ultrahigh-net-worth clients.
The company announced this week a partnership with Point Bridge Capital, a new independent investment advisory firm founded by former Credit Suisse director Hal Lambert. The practice will have offices in Dallas and Fort Worth and will use Pershing Advisor Solutions for clearing and custody services.
Lambert left Credit Suisse last month to launch the new firm, aimed at serving the wealthiest individuals as well as family offices and institutional clients. He brought with him Jeff Wildin, another former director at Credit Suisse, who heads the Dallas office as a managing director.
Lambert had wanted to strike out on his own for almost a decade, he says. I actually looked to be independent ... but the technology was not quite there yet, I felt, he explains.
Dynastys investment and technology tools were a motivating factor this time around, he says. I looked at a number of different platforms but Dynasty brought a lot of things to the table. Dynasty brought scale ... It has close to $18 billion assets with RIAs, which really helps with pricing, says Lambert.
With Dallas a hotly competitive market, Lambert says his main priority now is to expand. The vision is to grow; Im actively looking to hire people. ... My client base is in multiple states, not just Texas, so it is important to expand.
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