ST. PETERSBURG, Fla.--(BUSINESS WIRE)--A Philadelphia financial planning team announced today that they have partnered with Dynasty Financial Partners and are launching an independent wealth management firm, Presilium Private Wealth.
Presilium Private Wealth is an independent wealth management firm, providing people with simplified solutions backed by detailed financial plans. Four professionals from Merrill Lynch are joining Presilium Private Wealth, including 2 advisors: Jerry Davidse, CFP® and Brook Hart, CFP®. Accompanying the two advisors are Jackie Ellison, serving as Vice President of Operations, and Kelley Casper, serving as the Vice President of Client Experience.
According to Jerry Davidse, Chief Executive Officer, “The COVID-19 pandemic gave us the chance to step back and think about our experience over the past 20 years and how we will serve clients over the next 20. We feel closer than ever with our clients after successfully navigating a very volatile market and having deep conversations with them about what is most important to them and their families. We have amazing clients and feel that we can now serve them even better."
As an independent firm, the Presilium team works in an open architecture, allowing them to identify, evaluate and recommend the most appropriate solutions from an unlimited array of resource partners like Dynasty Financial Partners. They also plan to utilize social media and video capabilities to communicate with their clients going forward.
“We are now able to work with a wide variety of experts to build, and refine, the ideal client experience,” remarked Brook Hart, President and CCO. “We are particularly interested in developing sophisticated digital media strategies to leverage industry trends and meet our clients where they are most interested. Also, our investment platform, technology, planning software, and our new ability to customize will allow us to provide the highest level of service to our clients.”
“We welcome Jerry, Brook and their team to the Dynasty Network and are thrilled to say that Presilium Private Wealth is Powered by Dynasty,” said Shirl Penney, CEO of Dynasty Financial Partners. Further, he said “This next generation team at Presilium moving to a fully independent RIA model is further evidence of the ongoing movement of advisors choosing the option they feel is best for their clients, their team, and their families.”
John Sullivan, Managing Director of Network Development at Dynasty, shared the following: “We believe Presilium Private Wealth will transition seamlessly to the fully independent RIA model and could not be prouder to have them join our distinguished network. As mentioned, the cutting-edge technology and tools they now have access to will enhance their client experience and will resonate with prospects as they build out tech-enabled marketing capabilities to further expand their business. This team is very well positioned in the markets they serve, and we envision significant growth of their business in both the short and long term.”
Fidelity Institutional® will serve as Presilium Private Wealth’s custodian. Fidelity Institutional provides a comprehensive clearing and custody platform, brokerage services, trading capabilities, and practice management and consulting to registered investment advisors (RIAs), including strategic acquirers and professional asset managers, as well as retirement recordkeepers, broker-dealer firms, banks, and insurance companies.
“Through the launch of Presilium, Jerry, Brook, Jackie, and Kelley are creating a team that is dedicated and focused on helping clients accomplish their life goals,” said David Canter, Head of the RIA and Family Office Segment for Fidelity Institutional. “Transitioning to independence will allow them the freedom to bring their firm’s vision to life, and we are delighted to be involved in that journey along with Dynasty, who has been a champion of independence throughout the years.”
To create a distinctive name, the team combined the words Prescience, Resilience, and Equilibrium.
Learn more by visiting: www.presiliumpw.com
Jerry Davidse, CFP®
Jerry has worked closely with families across the U.S. as a wealth manager since 2001, advising them on wealth planning, custom investment portfolios and risk management strategies. He believes in clear communication with clients and provides simple recommendations for complex financial decisions. Jerry earned two degrees from the business school at Villanova University in 2001.
Jerry was awarded the CERTIFIED FINANCIAL PLANNER™ certification in 2005 by the Certified Financial Planner Board of Standards, Inc. He was previously a Vice President at Morgan Stanley and Senior Vice President at Merrill Lynch before founding Presilium Private Wealth in 2022. He was recognized by Forbes in 2021 as one of the top wealth advisors in Pennsylvania.
Brook Hart, CFP®
President & CCO
Brook has been working with multi-generational families since 2016, helping them to navigate short-term volatility and uncertainty in the markets in order to achieve their long-term goals. He prides himself in acting as a sounding board during difficult decisions and providing a steady hand during difficult markets through straightforward communication and strategy.
Brook earned a bachelor’s degree in Political Science at Yale University where he was a two-sport athlete, playing varsity football and baseball. He spent three years traveling across the country as a professional baseball player in the Colorado Rockies’ farm system. He began his wealth management career at Merrill Lynch in 2016, where he worked with Jerry Davidse, before they launched Presilium Private Wealth in 2022.
*Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements." https://www.cfp.net/career-and-growth/market-yourself/how-to-use-the-cfp-marks
Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients. Dynasty’s platform and offering have won multiple awards in recent years.
For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions and carrying out complementary acquisitions.
For more information, please visit www.dynastyfinancialpartners.com.
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Fidelity Investments and Fidelity Institutional® (together “Fidelity”) is an independent company, unaffiliated with Presilium Private Wealth or Dynasty Financial Advisors. Fidelity is a service provider to Presilium Wealth Advisors. There is no form of legal partnership, agency affiliation, or similar relationship between Presilium Wealth Advisors and Fidelity Investments, nor is such a relationship created or implied by the information herein. Fidelity Investments has not been involved with the preparation of the content supplied by Presilium Wealth Advisors and does not guarantee or assume any responsibility for its content. Fidelity Investments is a registered service mark of FMR LLC. Fidelity Institutional® provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. 1023573.1.0