Dynasty Financial Partners has added Next Capital Management to its network of investment advisors.
Led by a 13-person team, New York-based Next Capital manages $750 million in client assets. The firm primarily provides services to high-net-worth individuals and families on the east coast, business entities, trusts as well as pension and profit sharing plans.
The RIA also has experience in estate planning and alternative investments.
Next Capital was founded in 1999 by industry veteran Andrew Hart. Previously, Hart was a vice president in the private client services division of Goldman Sachs, where he oversaw a team that managed investments for high-net-worth individuals and families.
‘At Next Capital Management, our focus is strategic growth. We realized that partnering with Dynasty would substantially improve our infrastructure and allow us to focus on serving clients and growing our business,’ said Hart.
‘By joining the Dynasty Network, we will now have access to better data and analytics about our business that will drive more thoughtful decision making in the future.’
Next Capital will work with Dynasty to build out its technology, practice management, marketing and branding capabilities while streamlining its operations and investments platform.
‘Next Capital Management is significantly reinvesting in their business following a period of robust growth. We are looking forward to working with them as they increasingly differentiate their client offerings through customized solutions and niche investment allocations – and as they seek to foster a select group of like-minded advisors,’ said Shirl Penney, chief executive of Dynasty Financial Partners.