People Moves

Former Goldman Sachs Employees Form New Wealth Management Firm

Robbie Lawther Reporter 7 June 2017

Former Goldman Sachs Employees Form New Wealth Management Firm

Two financial advisors, who spent a collective 28 years at Goldman Sachs, have joined together to form a new firm.

Two former employees of Goldman Sachs Private Wealth Management, who handled around $1 billion in client assets, have formed DG Wealth Partners. The new firm will join the Dynasty Network of advisory businesses.

Financial advisor David Darby has partnered with Melissa Gray to launch DG Wealth Partners, which will focus its services on entrepreneurs, C-suite executives and families with complex financial portfolios, Dynasty Financial Partners said in a statement earlier in the week.

Darby worked at Goldman Sachs for 21 years, most recently as a vice president in its Palm Beach office. Gray spent over seven years at Goldman Sachs.

At the firm, Darby will be responsible for aligning each client’s investment portfolio with their cash-flow needs, planning goals and risk tolerance.

As director of client relations, Gray will focus on integration and management of all aspects of the client’s experience. She will manage the daily operations of the team.

“David, Melissa and the DG Wealth Partners team have an impressive business with deep ties to the community,” said Shirl Penney, chief executive at Dynasty Financial Partners. “We are really looking forward to working with them on expanding their family office services and investment opportunities – as well as their goal to establish a broader footprint over time.”

Also, DG Wealth Partners has also partnered with Schwab Advisor Services as primary custodian of client assets, and Dynasty Financial Partners for analytical and operational support to deliver a personalized service at the highest level.

The new firm will engage with Dynasty on building out its technology, practice management, marketing and branding capabilities while streamlining their operations and investments platform.

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