Dynasty Financial Partners, the US wealth management firm, has added industry veteran Jerry Eberhardt to its board of directors.

Eberhardt retired from Smith Barney, now majority-owned by Morgan Stanley, in 2009 after spending four decades at the firm. He latterly ran the company's western division and oversaw 2,500 financial advisors in 125 locations. He has also managed Smith Barney’s international operations in Asia and Australia.

Dynasty’s now 11-strong board is chaired by Todd Thomson, formerly chief financial officer and global wealth management chief executive at Citi.

The firm’s founder and CEO, Shirl Penne, said in a statement that Dynasty plans to expand its business in the Midwest and West Coast and that Eberhardt will play an important role in this development.