Dynasty Financial Partners, the St. Petersburg, Fla.-based support platform for registered investment advisors, has hired Kevin Monaco, a former Southern California regional director at Oppenheimer, as business development officer for the Western United States.
He replaces Thomas Jay Kowalchuk, who recently joined Americana Partners, a Dynasty network firm, as executive director of private wealth services.
In his new role, Monaco will lead Dynasty’s recruiting efforts in the Western United States, develop business partnerships and serve as a local resource for the firm’s network RIAs in the region. He’s based out of Los Angeles and reports to Tim Oden, chief growth officer.
Monaco’s appointment is part of Dynasty’s broader growth strategy as it expands on the West Coast, the firm said in a statement.
“Kevin’s deep experience, reputation as a strong leader and regional expertise make him a critical asset as we expand our presence in the Western U.S.,” Oden said in a statement. “He represents Dynasty’s commitment to fully supported independence for our partners, and his passion for serving advisors is a powerful addition to our field presence.”
Monaco has more than 30 years of industry experience, most recently at Oppenheimer, where he was recognized for his recruiting efforts. He’s also held senior leadership roles at D.A. Davidson, Wells Fargo Private Bank, Raymond James and Morgan Stanley.
He joins Dynasty’s other business development executives, including John Sullivan, who leads business development in the central United States. Ben Bines and Sean Lindenbaum run business development in the Northeast and Southeast, respectively.
This follows news earlier this month of the launch of Dynasty Labs, a new arm that allows the firm to experiment, rapidly prototype and deploy AI tools.
More than 500 advisors across 55 network firms and $120 billion in platform assets use Dynasty.
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