Alabama
$550m former Merrill team launches Dynasty-backed RIA in Alabama
A former Merrill Lynch wealth team has broken away from the wirehouse with the support of RIA service provider Dynasty Financial Partners.
The Birmingham, Ala.-based team is known as Fairvoy Private Wealth and previously managed $550m at Merrill, Dynasty said. The name was designed to invoke dedication to fairness and upholding clients’ interests on their wealth management voyages.
Choosing Dynasty came after ‘years of research on all our options, and the realization that Dynasty’s technology positions us to communicate easily with clients and provide customized planning focused on their immediate and long-term needs,’ stated Stephen Davis, managing partner and senior advisor at Fairvoy.