Dynasty Financial Partners announced that SageSpring Wealth Partners has joined its platform of technology-driven wealth management tools and services. SageSpring was created in 2002 and it features more than 45 advisor teams who manage about $6.4 billion for over 10,000 individual clients. And the firm has nine offices across Tennessee, Alabama, Texas, Nebraska, and Iowa, with plans to expand further. SageSpring was previously affiliated with Raymond James Financial Services. This marks one of the largest moves to full independence in the industry over the last several years.
SageSpring’s President Jeffrey Dobyns said that the move to independence with Dynasty was a logical step for the firm’s growing footprint and diverse client base.
SageSpring’s client base included business owners and professionals who the firm characterizes as the millionaires next door. Now independent, the firm plans to continue growing organically, as well as expanding its offerings to include multi-family-office services.
Unique to the independent registered investment adviser (RIA) space, SageSpring established a formal mentorship program to support and encourage advisor growth. And the firm is dedicated to removing obstacles and clearing a path for young advisors to develop and progress professionally.
SageSpring plans to add more advisors to the growing team – both those who are new to the industry, and those who are seeking a larger, independent firm to expand their practices and develop succession plans for retirement.
SageSpring joins Dynasty’s network of 55 firms representing more than 500 advisors with over $105 billion in platform assets. And Fidelity Investments will now serve as SageSprings’ primary custodian.
KEY QUOTES:
“We are incredibly proud of the business we have built and look forward to leveraging Dynasty’s technology, investment team, products, services, and investment bank to help us better care for our clients while also building a better business at SageSpring.”
“We have built a tremendous culture within our firm that I hope will motivate others in the space. As the industry ages, we have a growing group of next-generation advisors who are highly qualified and highly sought-after.”
- SageSpring’s President Jeffrey Dobyns
“We are thrilled that the SageSpring team has joined our platform and our Dynasty family. They have built an impressive business over the years, and their focus on bringing in young talent and building the next generation of advisors is inspiring. Given our focus on mentoring and guiding our Network of firms, we very much look forward to collaborating with them to write the next chapter of our industry’s growth. Additionally, we are excited to be partnering with Merchant, a minority owner of SageSpring, to help leverage the collective intellectual capital of both firms for the betterment of SageSpring and its clients.”
- Shirl Penney, CEO and Founder of Dynasty Financial Partners
