Several veteran advisors announced the launch of their independent firm, XXI Wealth, in partnership with Dynasty Financial Partners. Based in Chicago, Illinois, XXI Wealth is an independent comprehensive wealth management firm providing best-in-class service and access to unique investment opportunities. Four veteran professionals lead the firm with an average of 25+ years of experience in the investment industry:
— Kurt Newsom, Managing Partner, Wealth Advisor (formerly with CIBC)
— Matt Cavanaugh, Managing Partner, Director of Investments (formerly with a multi-family office RIA)
— Kathleen Merkle, SVP, Client Service Manager (formerly with CIBC)
— Elizabeth Sadler, SVP, Client Service Manager (formerly with CIBC)
The team decided to name their firm ‘XXI Wealth’ as a nod to the concepts of independence and greatness associated with the number 21.
XXI Wealth selected Schwab and Fidelity as its custodians. The firm will also partner with Pontera to support its 401k management offering.
KEY QUOTES:
“We are thrilled to launch XXI Wealth. With our newfound independence, we will be able to offer our clients innovative investment solutions on a more efficient technology platform, allowing us to expand our level of service and offerings to fit their exact needs.”
“Throughout history, the number 21 symbolizes positivity, transformative change, and expanded horizons—qualities we aim to embody for the benefit of our team and clients in the years ahead.”
– Matt Cavanaugh, Managing Partner and Director of Investments
“We have a team of professionals driven by a shared vision to redefine excellence in wealth management. By combining our expertise, innovation, and commitment to client success, we are building a firm that sets the gold standard for the industry.”
– Kurt Newsom
“The XXI Wealth team has extensive operational backgrounds, so they are very familiar with the never-ending puzzle of which technology and processes are needed to improve efficiency and ultimately the client experience. We are proud to partner with them and provide them with the right infrastructure that allows them to focus 100% on their clients from Day One.”
– Shirl Penney, Founder and CEO of Dynasty Financial Partners
