January 19, 2012

Dynasty Financial Partners Welcomes Alexandra & James Lebenthal to Its Network of Independent Advisors

Wall Street Firm To Leverage Enhanced Capabilities of Dynasty Platform

NEW YORK–(BUSINESS WIRE)–One of the most recognized names on Wall Street – Lebenthal – becomes the most recent independent investment advisory firm to select Dynasty Financial Partners’ open-architecture platform of wealth management services and technology.

Alexandra & James, LLC, which comprises the Alexandra & James wealth management and Lebenthal institutional investment banking businesses, will leverage Dynasty’s state-of-the-art capabilities, including technology, managed investments, institutional research, trust and insurance services and credit facilities. The company will access Dynasty’s groundbreaking investment platform, which integrates the industry-leading proprietary research of Callan Associates with Envestnet’s state-of-the-art tools and technology.

“Our clients expect advice and solutions that are independent, informed and state-of-the art,” says Alexandra Lebenthal, CEO of Alexandra & James. “Dynasty delivers the very best of the industry in one customized integrated package, allowing us to offer our clients a level of service that simply couldn’t be achieved a few years ago. Dynasty enables us to deliver uncompromised excellence to our clients, and we’re thrilled to be on the platform.”

Alexandra & James Wealth Management, with nearly $1 billion in assets, specializes in life-transition advisory services, investment management and personal CFO services for private clients. Having gone live on the Dynasty platform on January 1, 2012, Alexandra & James is the latest in a series of leading wealth management firms to utilize Dynasty since its inception a year ago. While much attention has been focused on advisors who have left big banks and brokerage houses to go independent on the Dynasty platform, Alexandra & James has been independent since its inception.

“We’ve become known in the industry as a destination for corner office breakaway advisors who want to be free of the conflicts and confinements of their wirehouse relationships and operate their own businesses,” says Shirl Penney, President and CEO of Dynasty Financial Partners. “And that’s obviously an important part of our model. But about half the advisors on our platform were already independent when they joined. These firms quickly realized that our state-of-the-art integrated platform is superior to their existing solutions and allows them to often save time and money, gain access to new capabilities, and most important, better serve their clients.”

Michelle Smith, CEO of Alexandra & James Wealth Management, concurs. “With the significant growth we have had it has become clear that we need a best-in-class platform to continue providing our clients with a superior level of service. Dynasty has better and broader offerings, deeper research and analytics, and more sophisticated back-end services such as client reporting . Perhaps most important, the Dynasty leadership are great people who understand our business. We look forward to a close partnership with them to help us continue to grow.”

Dynasty Chairman Todd Thomson says, “Alexandra Lebenthal and Michelle Smith are true leaders on Wall Street. They have built a business which is a major presence in the institutional world, and a wealth management business that has grown to just shy of a billion dollars in assets. They are remarkable people and remarkable partners.” Mr. Thomson continues, “The success of Alexandra & James is continued evidence of a new industry paradigm. It used to be that the best thinking, the best tools and the best technology resided in the big banks and wirehouses, and access was reserved for brokers tied to the individual firms. Today, the opposite is increasingly true: the best research, the best technology, the best investment opportunities, the best service and the best advice can be found the independent space. We believe the partnership of Dynasty and Alexandra & James is a perfect case in point.”

About Alexandra & James

Alexandra & James was formed in 2006 by Michelle Smith and Alexandra Lebenthal as a multi family office to serve the needs of the $5 million -$40 million family. The firm was created after the sale of Lebenthal & Company, a well known municipal bond specialist founded by Louis and Sayra Lebenthal in 1925. Alexandra Lebenthal is a well known Wall Street authority. Michelle Smith has been named one of Advisor One Magazine’s 50 Women in Wealth Management for the last two years.

About Dynasty Financial Partners

Dynasty Financial Partners develops, sources and integrates the finest capabilities for the industry’s leading independent investment advisor teams — without limitations or conflicts. Dynasty offers a customized open-architecture platform of the finest wealth management solutions and technology to help independent advisors best protect and grow their clients’ wealth. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients. For more information, please visit www.dynastyfinancialpartners.com.


Dynasty Financial Partners
Gerard Carney, 212-453-2000