Dynasty Financial Partners is spreading its wings with a senior global hire as well as recruiting a team from Merrill Lynch in the Sunshine State.

Dynasty Financial Partners, which works with independent financial advisors, is expanding its international business, recruiting Javier Rivero as senior vice president of its global division, based in Coral Gables, FL.

At Dynasty, Rivero will oversee all matters related to the international business, which includes working with the firm's existing network advisors on international opportunities, collaborating with the business development team when profiling new teams, and overseeing transition and relationship management for all teams with an international focus.

He will report to Ed Friedman, Dynasty’s director of strategic relationships.   

Rivero was previously president at Brickell Global Markets, a bank-owned broker-dealer working with clients in Latin America and the US. Between 2011 and 2014 he was a vice president and complex administrative manager at Merrill Lynch Wealth Management in Miami, FL.

As part of its international expansion, Dynasty has partnered with Miami-based Global Investor Services to provide broker-dealer services for its partner firms including custody, back-office and trading solutions.

“Based in South Florida and in partnership with GIS, we expect we will be able to thoughtfully continue to build out our Latin American business,” said Rivero. “In addition, with our unique partnership with Richardson GMP, we plan to continue to develop our cross-border business into Canada in support of our advisors with Canadian clients.”

(Dynasty has had an international business since 2013, when it partnered with Richardson GMP, an independent advisory firm in Canada.)

Meanwhile, in related news, Miguel Sosa has left Merrill Lynch to launch a new firm called Premia Global Advisors through Dynasty.

Based in Coral Gables, FL, Premia Global Advisors works with high net worth families and institutions. The firm and its leaders have a particular focus on Latin America and Europe.

Joining Sosa at Premia is Juan Landivar, manager of financial planning, and Eddy Park, a client relationship manager - both from Merrill Lynch. Vivian Velazquez has joined the firm as chief compliance officer.  

Premia has selected Fidelity Investments to custody its advisory assets. Sosa, Landivar and Park are all registered representatives of GIS and work out of the GIS branch in Coral Gables.

Dynasty develops, sources and integrates management capabilities for independent investment advisor firms and offers RIA services.