Advisor in Dynasty’s Backyard Leaves UBS to Start His Own Firm
June 16, 2020
By Asia Martin
Matt Kilgroe, an advisor to sports and entertainment professionals in St. Petersburg, Fla., has left UBS to start his own registered investment advisory, partnering with Dynasty Financial Partners to do so. He and his 13-member team, which manage $1.2 billion in client assets across approximately 400 households, will now be known as Cyndeo Wealth Partners.
Kilgroe, located in Dynasty’s hometown, said he and his high-profile clients wanted more flexibility than the wirehouse model could provide.
“There are a lot of limitations that you are saddled with in a wirehouse environment such as not being able to work with or advise clients on their assets that are not held with you,” he said. “For example, if someone is still working and they have a 401(k), you’re not able to advise on those assets.”