$1B RIA Rejoins Dynasty Financial After 7 Years

What You Need to Know

An RIA based in upstate New York with three offices has returned to the Dynasty Network after seven years on its own.
Ascent Wealth Partners rejoined Dynasty to take advantage of the support services it offers.
Since leaving Dynasty, Ascent has seen its business grow significantly and it now manages $1 billion in client assets.

Ascent Wealth Partners, an independent RIA with $1 billion in client assets, has rejoined the Dynasty Network after seven years on its own, Dynasty Financial Partners announced Monday.

Ascent, led by founding partners Brad Kowalczyk, Mark Moshier and Scott McCartney, has offices in New Hartford, Saratoga, and Elmira, New York, and originally joined the Dynasty Network in 2011.

The firm “reengaged” with Dynasty to make use of its Compliance, Outsourced Chief Finance Officer (OCFO), marketing, public relations and community offerings “all in an effort to continue the level of customized wealth management services they provide their clients,” Dynasty said in a news release.

Before joining Dynasty more than 10 years ago, Ascent “had been running an independent RIA that we broke away from,” Kowalczyk recalled in a statement supplied to ThinkAdvisor. “At that RIA, we had become accustomed to running every aspect of an independent firm in house from portfolio management to operations, and everything in between.”

Dynasty provided Ascent with “invaluable services” when it was transitioning from “our old firm to the establishment of our new firm,” he said.

However, after that, Ascent “elected to continue assuming responsibility for all aspects of running our firm,” which was “effectively the basis for us fondly leaving the Dynasty network at the time,” he recalled.

Since then, however, the “continued steady growth of our firm, along with the increasing sophistication and complexity of our client base, has caused us to reunite with Dynasty to take advantage of a variety of the support services they offer,” he explained. “We maintained purposeful contact and awareness throughout the year fully contemplating that this moment would come.”

The support that Dynasty provides on “middle and back-office activities allows us to provide high level of services to our clients,” Kowalczyk said in the news release.