An advisor team that managed $800 million in assets for Morgan Stanley has left to go independent with Dynasty Financial Partners, the firm said.

The move surpasses Dynasty's largest wirehouse grab in 2014: a $700 million team formed by three Merrill Lynch advisors who had not previously worked together.

The newest additions to Dynasty's platform, wirehouse veterans Scott Highmark and Larry Shikles, founded Mosaic Family Wealth of St. Louis last week.
Shikles started his advisory career 20 years ago at Smith Barney, according to FINRA records. He stayed through that firm's merger with Morgan Stanley. Highmark has 19 years of industry experience, records show. He had been with Morgan since 2006. Previously, Highmark worked at A.G. Edwards for ten years.

Other team members include senior wealth advisor Jim Steiner, director of private client services Missy Brown, director of operations and compliance Barbi Charleville, financial planning associate Shannon Fowler, portfolio management associate Darlene Smith and  senior client operations associate Gail Wild.

Dynasty's biggest grab last year consisted of three partners: David Christian, Jeffrey Krum and Brian Hefele. The trio formed Cable Hill Partners in Portland, Ore.


Read more:


Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access