A new wealth management business takes off, and is working alongside Dynasty Financial Partners.

Brother-and-sister team Katherine Forrester Schneewind and Michael Forrester have teamed up with Dynasty Financial Partners to form an independent wealth management firm called High Note Wealth, based in Minnetonka, Minnesota.

Schneewind and Forrester previously worked at Northwestern Mutual in the Minneapolis area, a statement from Dynasty said yesterday.

Founder and CEO of High Note Wealth, Forrester Schneewind served as a wealth management advisor at Northwestern Mutual. She earned a bachelor of arts degree in music therapy from the University of Minnesota and holds a Chartered Financial Consultant designation (ChFC).

Forrester, founder, president and CIO of High Note Wealth, worked with HNW clients for nine years at Northwestern Mutual.  He holds the designations of Chartered Financial Analyst®, Certified Financial Planner, and Chartered Financial Consultant.

“With High Note Wealth, my brother Michael and I are achieving our dreams of owning and running our own company. High Note will be a fully independent RIA business,” Forrester Schneewind said.

“It’s not well known that Minnesota has a significant number of female-owned businesses, and I’m personally excited to be adding to the ranks of women led firms in the North Star State,” she said.

Forrester Schneewind noted that 17 Fortune 500 companies are based in the Minneapolis area, giving wealth businesses such as hers upside potential.

High Note Wealth, which has a total of six professionals including two advisors, will use Dynasty’s wealth management services, people, business analytics, technology, client and prospect assistance. It will also have access to Dynasty’s core services platform for independent advisors and the firm’s turnkey asset management platform (TAMP). The wealth manager has chosen Schwab to provide custody services.

The rise of these new wealth firms and the way they partner with organizations such as Dynasty highlights how the breakaway trend and desire for independence also generates work for firms that provide some of the investment, technology and capital markets support in the background. Dynasty, which has benefited from this secular shift in the North American sector, has relocated its corporate HQ to St Petersburg, Florida.