NEW YORK, July 23, 2018 /PRNewswire/ -- Dynasty Financial Partners announced today that it has added Max as a cash option for its network of more than 45 independent wealth management firms. Max, a service of Six Trees Capital LLC, is used by advisors to deliver increased FDIC insurance coverage and higher returns on cash for high net worth and other clients while also acting as an asset discovery tool for advisors.
"We are always seeking to find ways to give Dynasty's network advisors the best and most innovative offerings in the market. High net worth clients typically hold a relatively large cash position and offering a new higher-rate option through Max gives our independent advisors a solution for cash that will really benefit their clients," according to Joseph Dursi, Director of Investments at Dynasty Financial Partners.
Dynasty's investments team added Max to allow financial advisors within the Dynasty network to help individual investors, companies, and institutions with their cash needs. Over time, Max will become integrated with reporting solutions that advisors use to track clients' portfolios.
"Dynasty Financial Partners, as the leading platform for successful wealth management firms seeking to operate with independence, was a perfect fit for offering Max, which many advisors have called a fiduciary solution for cash," said Michael Halloran, Head of Business Development and Partnerships for Six Trees Capital LLC.
Max can be linked to a primary checking account, in which case it serves as a cash sweep using the higher interest rates from online banks, or linked to a brokerage account, where it operates as a separately managed account for strategic cash allocations.
Dynasty Investment Platform
Dynasty's investment platform has achieved significant milestones
- Total asset level on the Dynasty Investment Platform is approximately $15.4 billion.
- Dynasty offers a full spectrum of investment platform solutions ranging from research, tools and operational support for Advisors as Portfolio Managers, to custom UMA/SMAs, to Outsourced Chief Investment Officer (OCIO) services.
- Network advisors have access to a fully tech-enabled platform of hedge funds and private investments, including innovative multi-manager private equity and private credit solutions.
- Dynasty also provides access to leading investment banking partners to deliver bespoke solutions, including hedging, monetization, structured products and capital raising advisory services.
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates management capabilities for some of the industry's leading independent investment advisor firms and offers registered investment advisory services. Dynasty's integrated platform services delivery chassis offers a customized, open-architecture wealth management solutions and technology platform supporting advisors as they protect and grow their clients' wealth. Dynasty also offers access to capital to help advisors expand, scale and grow their business. 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.
Also visit Dynasty on social media:
About Six Trees Capital LLC
Six Trees Capital LLC is a financial technology company that offers Max, a service for financial advisors and individuals to earn higher yields on cash. Max automatically works to help ensure deposits earn higher yields while remaining FDIC-insured. Today, Max members can earn up to 1.81% on fully-liquid, FDIC-insured cash, compared to the national average for savings accounts of 0.09%. Six Trees Capital LLC is based in New York City. Learn more about Max's solutions for self-directed investors at MaxMyInterest.com and for financial advisors at MaxForAdvisors.com.