Asset Classes:

Última actualización: 13:40 / Thursday, 18 de July de 2019
Plans to open a Florida office

Pivotal Planning Group Joins Dynasty Financial Partners

 Pivotal Planning Group Joins Dynasty Financial Partners
Photo: King of hearts / CC-BY-2.0, via Wikimedia Commons
  • With seven professionals including four advisers
  • The firm plans to expand their footprint via strategic acquisitions with like-minded advisors
  • With $250 million in AUM
By Funds Society

Dynasty Financial Partners announced that they have partnered with leading independent advisory firm Pivotal Planning Group.  Based on Long Island, NY and in Norfolk, Virginia, Pivotal Planning Group, manages $275 million in individual and 401(k) assets.

Pivotal Planning Group, has a total of seven professionals including four advisers:

John Marchisotta, CFP®, ChFC, AIFA® is the Managing Partner of Pivotal Planning Group, LLC. He has over 25 years of experience providing Personal Financial Planning & Investment advice to families and Retirement Plan Consulting services to the Trustees of retirement plans. He began his career as a tax accountant with the firm’s Parent Company, Satty, Levine & Ciacco, CPAs, P.C. in 1991. Mr. Marchisotta is the Chairman of the firm’s Investment Policy Committee.

Michael Kelly, CFP® is the Director of the Firm’s Norfolk, VA Office. He is a Senior Financial Adviser & member of the Firm’s Investment Policy Committee. 

Michael J. Desmond CIMA®, AIF®  is The Director of the Firms Retirement Plan Services Division. He is a Senior Financial Adviser & member of the Firm’s Investment Policy Committee. 

James P. Diver, CFP® is the Director of Technology and Operations at the firm.  He is a Senior Financial Planner, Investment Adviser & member of the Firm’s Investment Policy Committee.

“The need for unbiased advice across the country has grown significantly and both clients and advisors need a solution that is free from conflict and is based on always placing the clients’ best interests first,’” according to Mr. Marchisotta. “We selected Dynasty to tap their industry expertise and leverage the size and scale of their multi-billion dollar network of independent firms.  Our clients receive all the benefits of a large institution with a boutique client experience. We continue to improve the advice we provide with access to institutional solutions for technology, investments and back office operations.”

According to a press release, Pivotal Planning Group plans to expand their footprint via strategic acquisitions with like-minded advisors. In addition, the firm plans to open a Florida office later this year and, over the next five years, continue the expansion with multiple new offices. 

Pivotal Planning Group has been a fiduciary advisory firm for nearly 20 years. The firm has two distinct service groups: 

  • One group serves high net-worth families seeking comprehensive financial planning and investment management including retirement planning, tax planning, cash flow planning, estate planning, risk management and family office services. 
  • The other group serves small to mid-sized businesses with less than 1000 employees where Pivotal acts as a fiduciary advisor to their company retirement plan. 

Shirl Penney, CEO of Dynasty Financial Partners, said, “With their long experience as a successful independent advisory firm and their deep expertise in tax planning and 401(k) plans, John and the team at Pivotal Planning Group are well positioned to scale their business, expand their 401k consulting and grow through M&A.  We welcome them to the Dynasty Network!”

Pivotal Planning Group, LLC is a SEC Registered Investment Advisor and Fiduciary to 401(k) and Retirement Plans. The firm is dedicated to helping individuals, plan sponsors and trustees achieve their goals through education, prudent planning and unbiased advice.  Pivotal Planning Group, LLC was originally formed in 2000 to provide Financial Planning & Investment Advisory Services to the clients of Satty, Levine & Ciacco, CPAs, P.C. (SL&C).

On June 1st, Pivotal Planning Group moved its headquarters to 534 Broadhollow Road in Melville, NY.   Pivotal Planning Group has partnered with Dynasty Financial Partners to leverage Dynasty’s wealth management services, people and leading technology.  The firm will be using Dynasty’s award-winning integrated Core Services platform for independent advisors and the firm’s turn key asset management platform (TAMP).  They will have access to leading technology, including Dynasty’s proprietary advisor desktop, in-house specialists, home office support, and will benefit from the firm’s significant scale in the industry.

Among its other resource partners, Pivotal Planning Group, LLC has selected Schwab to provide custody services for its clients’ assets and Black Diamond for consolidated asset and performance reporting.

0 Comments

Add new comment