Dynasty Financial Partners Adds Cypress Trust Company to Its Growing Network of Independent Investment Advisors

Agreement Underscores the Appeal of the Dynasty Platform

NEW YORK--(BUSINESS WIRE)--Dynasty Financial Partners (“Dynasty”), the leading provider of wealth-management and technology platforms for independent financial advisors, announced today that Cypress Trust Company of Palm Beach, Fla., a company with over $800 million in assets under administration, has joined the firm’s network.

“Cypress Trust Company has a focus on client advocacy and a commitment to growing its high net worth wealth management business. That’s the kind of service provider that Dynasty seeks to add to our network.”

The affiliation with Dynasty allows Cypress Trust Company to significantly expand and enhance its service offerings to private clients. Cypress will leverage Dynasty’s resources and expertise to create institutional-quality portfolios of traditional and alternative assets. In addition, Cypress will gain new capabilities, such as access to Dynasty’s traditional and private-placement life insurance services, its network of private bank lending, and its investment banking partnerships.

Barry Hoyt, Cypress director, said, “We believe that Dynasty has built the finest end-to-end wealth management platform in the industry. The ability to leverage the scale and access of their network, to outsource services that are additive to our core suite, and to partner with a group of people that we really enjoy working with is exciting to us.”

Dynasty President and Chief Executive Officer, Shirl Penney, said, “Cypress Trust Company has a focus on client advocacy and a commitment to growing its high net worth wealth management business. That’s the kind of service provider that Dynasty seeks to add to our network.”

Cypress Trust Company also will be added to Dynasty’s wealth management platform, providing trust services to other independent advisors that work with Dynasty. Erik E. Joh, President and CEO of Cypress Trust Company, said, “As an advocate of the RIA community, we offer an independent approach for advisors to provide their clients with full fiduciary trust services and a broad range of administrative trust solutions.”

The agreement underscores the appeal of the Dynasty platform to the wealth management community. “We have built the Dynasty platform to support two types of advisors—those who wish to gain independence from the conflicts of interest that can come with working at wire-houses or banks, and those who are already independent but wish to have broader capabilities. It is an endorsement of the quality of our platform to have Cypress Trust Company join us,” Penney said.

About Dynasty Financial Partners

Dynasty Financial Partners is the leading provider of investment and technology platforms for independent financial advisors with sophisticated client needs. We offer a comprehensive open-architecture platform of the finest wealth management solutions and technology to help independent advisors best protect and grow their clients’ wealth with absolute objectivity.

Our core principle is “objectivity without compromise,” which means we are committed to providing solutions that allow investment advisors to act as true fiduciaries to their clients. With Dynasty, independent investment advisors have access to the best technology, research, solutions and products available in the industry today, without the limitations and conflicts that exist within wirehouses and banks. For more information, please visit www.dynastyfinancialpartners.com.

About Cypress Trust Company

Cypress Trust Company is an independent Florida trust company. Cypress Trust Company is a wholly owned subsidiary of Cypress Capital Group, Inc. which is a Florida Corporation and an SEC Registered Investment Advisor. Cypress provides highly personalized, customized solutions and services to a diverse national client base that includes high net worth individuals and families, foundations and endowments, trusts and retirement plans.