NEW YORK--(BUSINESS WIRE)--Dynasty Financial Partners today announced that Jerry Eberhardt, one of the wealth management industry’s most accomplished and respected senior executives, will bring his four decades of experience to the Board of Directors of Dynasty Financial Partners.
Mr. Eberhardt joins a Board chaired by former Citi CFO and Citi Global Wealth Management CEO Todd Thomson and includes, among others, former SEC Chairman William Donaldson, and former Chairman of American Express Harvey Golub. The total number of Board Members is now eleven.
“I have known Jerry for many years, and I have immense respect for his talent,” said Mr. Thomson. “There are few in the industry who can match his integrity, knowledge and experience. Jerry is a true leader, and we are thrilled to have him join our Board of Directors and as an investor in Dynasty.”
Mr. Eberhardt retired from Smith Barney in 2009 after spending 40 years at the firm. Most recently, he ran the Western Division of the firm overseeing 2,500 financial advisors in 125 locations. He also managed Smith Barney’s international operations in Asia and Australia.
Dynasty founder and CEO Shirl Penney worked closely with Mr. Eberhardt during his time at Smith Barney. “Jerry was one of my mentors in the business. I have always respected him for his business ethics, integrity, leadership, client advocacy and his passion and appreciation for the work that financial advisors do in caring for their clients,” said Mr. Penney. “Jerry brings a proven wealth management operational skill set to our Board having been a financial advisor, a branch manager and also having run international wealth management businesses, including most recently one of the most profitable divisions in the industry. Over the next 12 months, we plan to expand further into the Midwest and West Coast and Jerry will help to lead that charge for us. I couldn't be more excited to have him join the Board of Directors at Dynasty.”
Said Mr. Eberhardt, “After spending time with the independent advisors on Dynasty’s customized, open-architecture platform of wealth management solutions, I've become more and more impressed with what Dynasty stands for. What the Dynasty team has created is quite remarkable. It is clear that the independent approach to wealth management is better for clients and better for advisors, and I look forward to being even more involved.”
In the past 14 months, Dynasty has announced nine partner firms with over $10B in assets that have joined its growing network of top independent advisors that utilize Dynasty’s industry leading integrated platform.
About Jerry Eberhardt
Jerry comes to Dynasty following a distinguished 40-year career at Smith Barney, most recently as Senior Executive Vice President and Divisional Director for the Western Division. Prior to his retirement in 2009, he was responsible for Smith Barney’s Asian and Australian operations and oversaw five regions, with 125 branches and 2,500 Financial Advisors in 11 western states, including Alaska and Hawaii. Jerry is past Chairman and a member of the Executive Committee of the Board of Directors of the Los Angeles Philharmonic Association. Jerry is also a member of the Board of Directors of the Music Center Foundation. He recently served as a member of the Board of Directors and Chairman of the Finance Committee of the California Club and is a Trustee of the Aspen Music Festival & School. He graduated from the University of Illinois and received his MBA from the University of Cincinnati.
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates the finest wealth management capabilities for the industry’s leading independent investment advisor teams. Dynasty offers a customized open-architecture platform of the finest wealth management solutions and technology to help independent advisors best 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. For more information, please visit www.dynastyfinancialpartners.com.