NEW YORK--(BUSINESS WIRE)--Dynasty Financial Partners announced today that industry veteran Mason Salit will join the firm as Senior Vice President, Director of Network Development – Eastern Division. Mr. Salit will build on the firm’s success as a leading wealth management platform for independent advisors and will report directly to Dynasty Financial Partners’ CEO Shirl Penney.
Mr. Salit will be based in Dynasty’s New York office and will support advisory firms in the Midwest and East Coast as they look to join the Dynasty Network of wealth advisors. He will also work closely alongside of David Wiener, Director of Network Development – Western Division. Mr. Salit joins Dynasty from Bank Leumi USA where he was Head of US Private Banking.
“I have known the leaders of Dynasty a long time and I am very enthusiastic about joining one of the most innovative firms in the wealth management industry and a leader in the fast growing RIA space. Dynasty’s solid team of professionals, their strong culture toward client service, creative proprietary technology solutions, roster of top clients, and the firm’s incredible momentum are very appealing to me. I could not be more thrilled with joining Dynasty to further fuel their impressive growth," said Mr. Salit.
According to Mr. Penney, “Bringing Mason's breadth of experience to our firm will deepen our bench strength in the Midwestern and Eastern Divisions. Mason has the strategic mindset to assist top advisors, whether they are already independent or seeking independence to plan their growth trajectory. We are excited to have him join the Dynasty family and will continue to focus on adding top industry talent to support our clients on building and growing their businesses.”
With a total of 43 advisory firms on its Network Platform, Dynasty Financial Partners has seen a rapid expansion of its business in the last year. To address this rapid growth, Dynasty has expanded its team of professionals with several new investment and business development executives so far this year. In recent months, Dynasty has added Joe Dursi as Director of the Investment Platform, Joe Rizzo as Director of RIA Growth Strategies to support RIA M&A activity, and Jamie Ralliford, Deputy Chief Compliance Officer.
Prior to joining Dynasty, Mason Salit was Head of US Private Banking at Bank Leumi USA. From 2012-2014, Mr. Salit was Wealth Market Leader at TD Wealth. Prior to that, he was the Head of International Private Banking in New York at the HSBC Private Bank from 2007-2012. Mr. Salit began his career at Citi and held the position of International Wealth Management Head at the Smith Barney Private Client Group until he left in 2007. Mr. Salit is a graduate of the NYU Stern School of Business where he received his MBA. He holds the following Licenses - Series 7, 66, 24.
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates management capabilities for some of the industry’s leading independent investment advisor firms and offers registered investment advisory services. Dynasty’s integrated platform services delivery chassis offers a customized, open-architecture wealth management solutions and technology platform supporting advisors as they protect and grow their clients’ wealth. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients.
Dynasty Financial Partners has corporate offices in New York City, Chicago, Coral Gables, Florida and San Francisco. Visit our website for more information: www.dynastyfinancialpartners.com.
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