Dynasty Financial Partners appoints new director of capital markets

Investment firm Dynasty Financial Partners said Tuesday that it has named Tom Petrone as director of capital markets. Petrone will be based in New York City and report to Dynasty Chairman Todd Thomson. Prior to joining Dynasty, Petrone worked at Citigroup where he served as head of capital markets.


NEW YORK–(BUSINESS WIRE)–Dynasty Financial Partners today announced the addition of Tom Petrone as the Director of Capital Markets.
Mr. Petrone will be based in New York City and has been appointed to the Dynasty Financial Partners Investment Committee. He will report to Todd Thomson, Chairman of Dynasty, in Thomson’s role as Chief Investment Officer.
As Director of Capital Markets, Mr. Petrone will be leading a number of major initiatives for Dynasty to expand its capital markets platform. He will enhance Dynasty’s current platform by further developing the firm’s capabilities to access the institutional capital markets desks across Wall Street.
In addition to trading securities, structuring of derivatives, designing hedging and monetization strategies on restricted securities and originating structured notes, Mr. Petrone will build a community of syndicate providers and an investment banker referral network.
Since launching Dynasty’s institutionally-advised asset management programs in 2012, Dynasty has seen rapid growth in its Outsourced CIO, unified managed accounts (UMA), separately managed accounts (SMA), advisor as portfolio manager and strategy models.
Dynasty’s Turn Key Asset Management Program (TAMP) just passed $3 billion in assets. Assets in Dynasty’s strategy portfolios, UMAs and SMAs have just passed $1 billion and assets in Dynasty’s newly launched Alternative Direct Solutions are approaching $100 million.
Mr. Petrone said, “I couldn’t be more excited to join the professional team at Dynasty. I’ve been incredibly impressed by the rapid growth of their business and the success of the advisors that have joined their network. I look forward to delivering world-class capital markets capabilities to advisors and their clients in the Dynasty Network.”
One of the leading capital markets experts on Wall Street, Mr. Petrone joins Dynasty Financial Partners after 30 years of experience. Most recently, he served as Head of Capital Markets for the Citigroup Private Bank, North America responsible for the securities and transactional business across all asset classes. This included all client market activity on the bank and brokerage platform. Starting as an options trader at Smith Barney in 1979, Mr. Petrone held numerous senior capital markets positions over a 30 year career, including Co-Head of U.S. Equity Derivatives at Citigroup.
Mr. Thomson said, “We are delighted to welcome Tom to the Dynasty team. He brings a significant depth of experience in capital markets to our investment platform and our Network Advisors. As we continue to expand our sophisticated investment solutions for the elite advisory firms in the Dynasty Network, Tom will be invaluable in structuring complex transactions, educating Network Advisors and delivering the best of Wall Street to our independent advisors.”
Shirl Penney, President and Chief Executive Officer of Dynasty, said: “Dynasty has experienced tremendous growth in assets in our investment platform over the past year. Our advisors are handling more complex and larger capital market transactions. With the addition of Tom, we are elevating our capital markets capabilities to an entirely new higher level.”
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates the finest wealth management capabilities for the industry’s leading independent investment advisor teams. Dynasty offers a customized open-architecture platform of wealth management solutions and technology to help independent advisors protect and grow their clients’ wealth. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients. For more information, please visit www.dynastyfinancialpartners.com.