Advisor Hub – Dynasty ‘Meme’ Accelerates; $1.4B Merrill PBIG Team Joins

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Dynasty Financial Partners today announced its partnership with Omnia Family Wealth, the most recent independent investment advisory firm to leverage Dynasty Financial Partners’ industry-leading platform of integrated wealth management services and technology.

Based in Aventura, Florida, Omnia Family Wealth is a multi-family office founded by former Merrill Lynch Private Wealth Advisors Steven and Michael Wagner.  Joining them at Omnia Family Wealth are Co-Founder, Managing Director, Wealth Structure and Planning, Ivan Hernandez; Director of Client Services, Diana Torre and Director of Operations, Cherie Cohen – all from Merrill Lynch.  The team had worked together for years at both Merrill Lynch and UBS.  Steven Wagner had been a leading advisor of Merrill Lynch’s Private Bank and Investment Group.

“Omnia was formed for a simple reason: we want to offer our clients family office capabilities – in effect, a higher end, more personal level of service in a conflict-free environment,” said Steven Wagner, Co-Founder and CEO of Omnia Family Wealth.  “At Omnia, we believe that there is a great opportunity to expand our business in Florida, North Carolina and other states as families seek a family office approach to managing their wealth.  These families want to align their values and vision with their financial plans.”

“Omnia Family Wealth was built around our desire to deliver independent, integrated and comprehensive wealth management advice and planning solutions to the families we serve. Our clients are notable for their expertise at creating and accumulating wealth. They’re dedicated to their families and to building businesses, shaping their communities and creating meaningful legacies,” said Mr. Wagner.

As a multi-family office, Omnia Family Wealth works with clients on a broad array of financial activities – from wealth structuring to transference to creating a philanthropic legacy. The firm takes a holistic approach: extending relationships to clients’ family members and seeking to understand clients’ core values and beliefs in addition to their risk preferences and financial goals.  Omnia offers an intergenerational perspective focused on clients’ long-term objectives.  At the same time, clients are assured of a sense of continuity, as the firm will remain within the family for the next generation. This multi-family office was built with the mission to help these families manage the complexity and responsibility of their wealth.

“The Omnia Family Wealth team consists of advisors who have built a remarkably successful family-based business with a deep connection to their Florida community.  With their newly launched firm, we expect they will have even greater success,” said Shirl Penney, President and CEO of Dynasty Financial Partners.  “Dynasty is looking forward to partnering with Steven, Michael, Ivan and their team.”

According to Tim Bello, Director of Network Development at Dynasty, “Steven and Michael represent the best attributes of a father-son advisory team – they are planning for the future of their firm and also taking care of their clients — by having a built-in succession plan.”

Dynasty crafted a customized platform for Omnia Family Wealth which includes Dynasty’s groundbreaking investment platform.  Omnia Family Wealth has selected both Fidelity and Pershing for custody services.

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