Dynasty Names Oppenheimer Exec to Lead Business Development in the West

Core Insights - Dynasty Financial Partners has appointed Kevin Monaco as the business development officer for the Western United States, replacing Thomas Jay Kowalchuk [1][2][3] - Monaco's role will focus on recruiting efforts, developing business partnerships, and serving as a local resource for registered investment advisors (RIAs) in the region [2][3] - The appointment aligns with Dynasty's growth strategy on the West Coast, emphasizing the firm's commitment to supporting independence for its partners [3] Company Strategy - The hiring of Monaco is part of a broader strategy to expand Dynasty's presence in the Western U.S. [3] - The firm has launched Dynasty Labs, a new division aimed at experimenting and deploying AI tools [4] - Dynasty currently supports over 500 advisors across 55 network firms, managing $120 billion in platform assets [4] Leadership and Experience - Kevin Monaco brings over 30 years of industry experience, having held senior roles at firms such as Oppenheimer, D.A. Davidson, Wells Fargo Private Bank, Raymond James, and Morgan Stanley [3] - His reputation as a strong leader and expertise in the region are seen as critical assets for Dynasty's expansion efforts [3] Team Structure - Monaco will join other business development executives, including John Sullivan for the central U.S., and Ben Bines and Sean Lindenbaum for the Northeast and Southeast, respectively [4]