A team of 14 financial advisors and support staff in New York City has launched its own registered investment advisor, Matauro, partnering with Dynasty Financial Partners. The team, which oversees $700 million in client assets, was previously with Equitable Advisors.
Partners Matthew Klein, CEO, Barrett Tabeek, CFO, and Steven Van Hooker, COO, lead Matauro. Klein started his career with AXA Advisors (now Equitable Advisors) in 2005, while Tabeek and Van Hooker started at AXA in 2010.
They’re joined by Alexandra Fraser, managing director and principal advisor; Eliran Abekassis, portfolio manager; financial planners AJ Pisarri and Benjamin Manley; wealth managers Evan Grey, Michelle Notardonato and David Kim; Tu Duangsuwan, director of logistics and administration; Melissa Tabeek, director of client services; and Denise Pulido, director of client implementation; and Mark Klein, chief of staff.
According to a Form ADV, the firm will use Dynasty for operational and back-office support, its turnkey asset management platform and its investment programs.
The RIA will use Fidelity for custody and Purshe Kaplan Sterling Investments for brokerage business. Fidelity also provided transition assistance, according to the firm’s Form ADV. The firm will use Black Diamond for performance reporting, eMoney’s planning portal and BeCo for information security and technology.
Matauro also recently joined the Protocol for Broker Recruiting. This agreement allows departing advisors to take certain customer information and solicit them regardless of whether the advisors had notices that expressly prohibited such conduct.
The firm’s website states it will “blend data-driven planning with a deep understanding of the human side of financial planning.” The team serves entrepreneurs, business owners and corporate executives.
They will charge a 1.15% advisory fee for accounts with $250,000 or less. For accounts larger than that, they have a blended tiered fee schedule.
Dynasty also announced some changes to its senior leadership team last week, appointing Tim Oden, a former Schwab Advisor Services executive, as chief growth officer, a new position. Andrew Marsh, Dynasty's first vice chairman, was named head of core services. Also, Marc Hineman joined the firm as chief operating officer. Most recently, he served as COO of Pico, a technology provider for financial services companies.
Dynasty currently serves 56 independent firms and has over 400 advisors in its network. Those RIAs represent an average assets under management of $1.8 billion and an average assets per advisor of about $250 million.
