A new wealth management firm fires off the launchpad, and is based in Hudson, Wisconsin.
US financial advisor Michael Leverty and his team have partnered with Dynasty Financial Partners to transition their business, Leverty Financial Group, to an independent wealth management firm.
Leverty has launched the new RIA after spending 18 years at Northwestern Mutual. His team manages $400 million in client assets, a statement from Dynasty said yesterday.
Based in Hudson, Wisconsin, Leverty Financial Group has seven team members, including two lead advisors. The firm specializes in helping clients transition into retirement, with an emphasis on planning for corporate executives and their families.
“As our practice has grown and become more complex, we decided that we needed a more customized approach. The transition offers an enhanced operational investment platform, including portfolio management and research, cutting edge technology for both our team and clients, along with access to elite industry practice management consultants,” Leverty said.
The firm has chosen Pershing as its custodian and its technology partners include Black Diamond and eMoney. Northwestern Mutual also uses Pershing for clearing and custody, so the new business was able to retain service continuity.