NEW YORK--(BUSINESS WIRE)--Leading wealth advisor Michael Henley today announced that he has partnered with Dynasty Financial Partners to form an independent wealth management firm called Wyeth Private Wealth. Mr. Henley previously worked at Merrill Lynch for ten years as a Senior Vice President and Wealth Management Advisor.
Michael Henley is the Founder & Chief Executive Officer (CEO) and Private Wealth Advisor of Wyeth Private Wealth. Joining Mr. Henley are the following professionals – all joining from Merrill Lynch:
· Alison Brooks, Co-Founder & Chief Operating Officer (COO) | Private Wealth Advisor
· Steve Maconi, Founding Partner & Chairman | Private Wealth Manager
· Tracy McGuire, Founding Partner | Private Wealth Manager
· Mark Jackson, Founding Partner | Private Wealth Advisor
. Brittany Kalsky, Chief Compliance Officer (CCO) | Private Wealth Relationship Manager
· Erin Yake, Senior Private Wealth Associate
· David Clark, Private Wealth Associate
Mr. Henley and his team have robust and broad industry experience in the areas of retirement income planning, investment management, estate planning, and tax strategies. In particular, Steve Maconi, who is joining Wyeth as Chairman, has worked with DuPont retirees for more than 35 years.
Wyeth Private Wealth works closely with high net worth individuals and families helping them plan and manage all aspects of their finances and their investments. Michael and his team places meaningful importance in ongoing tax management and year-over-year tax planning. The firm believes that the key role of a comprehensive wealth advisor is to provide education around how to maximize charitable and family gifting while minimizing the impact of Federal and local taxes.
Mr. Henley and his team are passionate about their Brandywine valley community and chose the name ‘Wyeth’ to reflect the historical heritage of the area.
Mr. Henley was a Senior Vice President and Wealth Management Advisor at Merrill Lynch beginning in 2007. He was ranked #1 in the State of Delaware in Forbes’ “America’s Top Next Generation Wealth Advisor” in 2018 and ranked #42 nationwide.
Mr. Henley said, “The core of our practice is built around low-cost evidence-based investment portfolios, sophisticated tax planning, retirement cash flow planning, and optimizing family and charitable gifting. By partnering with Dynasty Financial Partners, we are able to upgrade, improve, or enhance all services that we provide to wealthy families. We feel strongly that we owe it to our clients to make this significant transition with our clients in mind as the ultimate beneficiary. They entrust us to manage their financial affairs in the most objective and unconflicted manner—and transitioning to independence will allow us to take our fiduciary commitment to our clients to the next level.”
“We see significant opportunities to expand our business as an independent firm -- with client educational events and with inorganic growth from other like-minded, planning-focused wealth advisors seeking an independent option,” said Mr. Henley, “Unquestionably, one of the aspects that we are most excited about is the introduction of tax planning and tax modeling software. One of the largest expenses that a wealthy family incurs over their lifetime is State and Federal income taxes. We feel tax planning is not only critical but also a key differentiator.”
Wyeth Private Wealth has partnered with Dynasty Financial Partners to leverage Dynasty’s wealth management services and technology. The firm will be using Dynasty’s award-winning integrated platform for independent advisors that includes institutional research from Callan Associates. They will have access to leading technology including Dynasty’s proprietary advisor desktop, in-house specialists, home office support, and will benefit from the firm’s significant scale in the industry.
Dynasty Financial Partners President and CEO Shirl Penney added, “Wyeth Private Wealth represents everything that is great about the future of the independent wealth management industry. They are a young team of exceptional advisors who place all of their priorities on serving their clients’ needs and are complete believers in the fiduciary based advisory model. We are extremely proud and excited to be partnered with this remarkable team, and we welcome them to our Network of independent advisors."
Among its other resource partners, Wyeth has selected Fidelity Institutional Wealth Services to provide custody services for its clients’ assets and Black Diamond for performance reporting.
Wyeth Private Wealth will be headquartered at address: 5 Christy Drive, Suite 108, Chadds Ford, PA 19317. For more information, please visit website www.wyethpw.com.
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 also offers access to capital to help advisors expand, scale and grow their business. 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.
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