An adviser who oversaw $1 billion at Goldman Sachs left the bank to launch his own RIA with backing from Dynasty Financial Partners.
It's the latest lift out for
The latest breakaway the firm assisted is David Darby, a 21-year veteran of Goldman Sachs. He is making the move to independence with Melissa Gray, director of client services and who also previously worked at the bank. The team operates as DG Wealth Partners from an office in Palm Beach, Florida.
The advisers oversaw nearly $900 million in combined AUM, and moved to Morgan Stanley, Raymond James and HighTower.
Darby said he made the move in part to "have unfettered access to investment opportunities, client servicing technologies, and wealth management resources." The partnership with Dynasty will enable them to serve as an outsourced family office for their wealthy clients, he said in a statement.
"We feel this is the future of the wealth management advisory business and want to be on the cutting edge for the benefit of our clients and their families," Darby said.


His new firm has chosen Schwab Advisor Services as its primary custodian for client assets. Dynasty also provides analytics and operational support to the young firm.
Darby is the most recent adviser to part ways with
A spokesman for the bank declined to comment.