NEW YORK--(BUSINESS WIRE)--Leading wealth advisor Gary Hirschberg today announced that he has partnered with Dynasty Financial Partners to form an independent wealth management firm called Aaron Wealth Advisors. Mr. Hirschberg previously worked at Goldman Sachs since 2006 as a Vice President and Private Wealth Advisor and was a member of the Advisor’s Council at Goldman Sachs.
Mr. Hirschberg is the Chief Executive Officer (CEO) and Founding Member of Aaron Wealth Advisors. Joining Mr. Hirschberg are the following professionals –
- David VanFossen, Chief Operating Officer and Chief Compliance Officer, from BMO Harris,
- Bill Andrakakos, CFA, Director of Investments, from Northern Trust/Deutsche Bank and
- Georgette Condos, Director of Client Service and Experience, from Morgan Stanley.
Aaron Wealth Advisors is a registered independent advisory firm, dedicated to helping successful entrepreneurs, sophisticated investors, multi-generational families, and family offices manage the complex business of their wealth.
The firm is based in Chicago, IL with plans to invest in an Indianapolis office in 2019.
Mr. Hirschberg was a Vice President and Private Wealth Advisor at Goldman Sachs from 2006 - 2018. At Goldman Sachs, he built his wealth management business by solving for the complex needs and goals of multi-generational families, particularly those involving taxation and philanthropy. Prior to that, he held multiple positions in non-profit fundraising, including at Georgetown University working with prominent alumni and donors. Mr. Hirschberg graduated with a B.A. from Georgetown University and earned a JD and MBA from Vanderbilt University.
“After a due diligence process over many months, I realized that the world of independent wealth management had changed significantly – the wealth management technology was now stellar, access to diverse investment options and research in the independent space had exploded, and it was very attractive to have the flexibility to run a brand free of institutional constraints,” said Mr. Hirschberg. “We will now be able to consult on all aspects of our client’s balance sheet, not just the liquid asset base. This will greatly enhance our ability to give them holistic investment advice. And, for those clients that wish to invest with an eye to social impact, we will be specializing in ESG (Environmental, Social, and Governance) asset allocations. We believe this is a critical emerging area of investments for certain clients and we want to be a part of it.”
Mr. Hirschberg added, “The goal is not just to replicate a private practice from my previous client base but to create a firm where other advisors would be proud to call home. We want to make it easy for other advisor teams to break-away from captive models, or merge their RIAs with ours, and be able to integrate into a firm with the resources and ethical brand worthy of their clients.”
According to Shirl Penney, CEO of Dynasty Financial Partners, “Gary is right – the independent space has gone through a total transformation from close follower to industry leadership. Independent firms stand apart as the most powerful force in the market, delivering far more customized, objective advice to clients than any other segment of the industry can. On this note, Aaron Wealth Advisors represents everything that is great about the independent wealth management industry. We are extremely proud and excited to partner with a high caliber advisor like Gary and his remarkable team, and we welcome them to our Network of independent advisors.”
Aaron Wealth Advisors has partnered with Dynasty Financial Partners to leverage Dynasty’s wealth management services, people, leading technology, and capital support. 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.
Among its other resource partners, Aaron Wealth Advisors has selected Schwab to provide custody services for its clients’ assets and Addepar for consolidated asset and performance reporting.
“When it came time to name the company, I was searching for a name that would invoke the ethics and integrity I wanted the brand to represent. My grandfather, Aaron, came to mind immediately, which led me to the biblical character of Aaron. In my opinion, Aaron was the first trusted advisor to the most consequential person in the community, his brother Moses. As confidant and counsel, Aaron served with a respect, humility, and objectivity that ultimately aided Moses in the fulfillment of his mission,” according to Mr. Hirschberg. “We have confidence that if we are true to these values we will be highly successful.”
“Dynasty continues to see very strong demand for our support from legacy RIAs and new entrants to the RIA space all across the Midwest,” said John Sullivan, Dynasty’s Director of Network Development, Central Division. “Gary and his team are fantastic examples of the type of people that Dynasty is looking to partner with and we believe firms like Aaron Wealth Advisors will continue to inspire other advisors to walk the road to independence.”
For more information, please visit website www.AaronWealth.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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