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RIA Firm With $275 Million in AUM Partners With Dynasty

Pivotal Planning Group serves high-net-worth families and employer retirement plans for small businesses.

An RIA firm with $275 million in managed assets is partnering with Dynasty Financial Partners, the company announced Monday. As a result of the partnership, Pivotal Planning Group will have access to Dynasty’s integrated Core Services platform for advisors, as well as the firm's turnkey asset management platform (TAMP).

John Marchisotta, Pivotal Planning’s managing partner and one of its four advisors, said Pivotal would leverage Dynasty’s scale to strengthen the support they can offer clients.

“The need for unbiased advice across the country has grown significantly, and both clients and advisors need a solution that is free from conflict and is based on always placing the clients’ best interests first,” he said. “We continue to improve the advice we provide with access to institutional solutions for technology, investments and back-office operations.”

Pivotal Planning Group was formed in 2000, with offices in Long Island, N.Y., and Norfolk, Va. (the firm plans to open an additional office in Florida later this year). Pivotal includes two service groups; one offers advice for high-net-worth families, including financial planning and investment management, while the other serves as a fiduciary advisor for businesses with fewer than 1,000 employees.

The partnership is another in a series of moves Dynasty has made to broaden its reach this year. In April, Dynasty announced that Americana Partners, with more than $6 billion in client assets, would join the firm; it was the largest breakaway of the year and the single largest team to ever join Dynasty. The following week, a wealth advisory team with more than $450 million in managed assets joined Dynasty to create Regent Peak Wealth Advisors.

In addition to access to the Core Services platform and Dynasty’s TAMP, Pivotal Planning’s advisors will be able to access Dynasty’s proprietary desktop, specialists and support for home offices. Schwab will cover custody services for Pivotal’s managed assets, and Black Diamond will conduct consolidated asset and performance reporting.

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