Boston-based Risk Paradigm Group, one of nine firms that comprise the Dynasty Financial Partners network of independent investment advisors, has appointed Sam Kiefer as a director and senior investment management consultant.

Kiefer is an accredited investment fiduciary and has 15 years of financial industry experience, the firm said. He previously worked at UBS Securities for six years in Boston, where he served non-profit organizations, philanthropic high net worth clients, health care professionals and career professionals in the sports industry.

On moving to his new role at Risk Paradigm, Kiefer cited the fiduciary culture and a lack of barriers between clients due to "biases and product campaigns."

“The experience of working with endowments, public pensions, retirement plans and HNW clients has required me to stay current on the considerable challenges and opportunities facing today’s investors, as well as the fiduciary processes to which substantial pools of capital must adhere,” Kiefer said.

There is a "burgeoning trend" of financial advisors breaking away from traditional wirehouse brokerages and moving towards independence in wealth management, Dynasty claims. Meanwhile, a recent study by Fidelity Investments found that almost nine out of 10 (86 per cent) of newly-independent advisors said all or most of their clients moved with them, with 39 per cent of clients being “immediately supportive.”

Risk Paradigm Group serves its clients from offices in Austin, Boston and Chicago. The firm has two sub-divisions: RPg Family Wealth Advisory and RPg Asset Management.