Dynasty Wealth Management, LLC (St. Petersburg)

Name: Dynasty Wealth Management, LLC
Address: 200 Central Avenue, St. Petersburg, FL, 33701
Telephone: 212-373-1000

Dynasty Wealth Management, LLC is a large advisory firm based in St. Petersburg. It manages $622.83 million of regulatory assets for 638 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Dynasty Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dynasty Wealth Management: assets under management

The assets under management (AUM) of Dynasty Wealth Management, LLC is $622.83 million. The firm's AUM has gone down by -65% since the beginning of its operation, and $20 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $605.56 million in discretionary accounts and $17.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $303.04 thousand.

Dynasty Wealth Management has custody of $1.53 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dynasty Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Todd Stuart Thomson serves?

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Todd Stuart Thomson is other investment advisers with 7 clients and $605.56 million of assets under management. Among the 9 most similar advisory firms, Dynasty Wealth Management has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $622.76 million for 20 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Dynasty Wealth Management doesn't advise any private funds.

Careers at Dynasty Wealth Management, LLC

The company employs 57 people that are either part- or full-time employees. 9 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Todd Stuart Thomson has been acting as President since 1 Dec 2010. Scott David Welch has served as the Chief Investment Officer since 1 Jun 2015. Joseph Thomas Dursi joined the executive team most recently as the Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edward Christy Swenson	Chief operating officer	1 Mar 2010	Other	4084124
Shirl Thomas Penney	Ceo	1 Mar 2010	Other	3073680
Todd Stuart Thomson	Chairman	1 Dec 2010	Other	4877810
Michael Charles Brown	Director of wealth management	1 Dec 2010	Other	715584
Amit Grover	Cfo	1 Feb 2011	Other	4573908
Amit No Mn Grover	Cfo	1 Feb 2011	Other	4573908
Amanda Beth Kerley	Chief compliance officer	1 Feb 2012	Other	5151977
Jonathan R Morris	Chief legal and governance officer	1 Sep 2012	Other	3228349
Jonathan Richard Morris	Chief legal and governance officer	1 Sep 2012	Other	3228349
Llc Dynasty Financial Partners	Llc member-owner	1 Dec 2012	75% - 100%	27-2037539
Scott David Welch	Chief investment officer	1 Jun 2015	Other	4038356
Jeffrey Andrew Lang	Chief compliance officer	1 Oct 2015	Other	2459916
Steven Henry Pisano	Compliance officer - investment operations	1 Nov 2015	Other	5245139
Jamie S Ralliford	Chief compliance officer	1 Jun 2017	Other	2520048
Jason Bradley Emerson	Cfo	1 Jul 2017	Other	4341325
Leigh Elizabeth Emery	Chief compliance officer	1 Apr 2019	Other	6405214
Joseph Thomas Dursi	Chief investment officer	1 Sep 2019	Other	4695883

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Gf Dynasty Holdings	Llc member- owner	1 Jan 2016	25% - 50%	27-5301726

Based in St. Petersburg

The principal office where Dynasty Wealth Management, LLC performs its advisory services is located at 200 Central Avenue, St. Petersburg, FL 33701, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-373-1000 or by fax 212-373-1050. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at dynastypwm.com and its LinkedIn profile.