Dynasty Financial Partners has appointed prominent equity compensation plan expert Brian McDonald as a senior advisor.
McDonald brings decades of leadership experience from Morgan Stanley, where he served as MD overseeing workplace financial solutions, equity compensation, and retirement benefits, as well as Charles Schwab, where he served in leadership roles spanning wealth management, stock plan services, and financial technology-driven solutions.
“Brian is one of the most respected names in the stock plan space, and we are extremely proud to welcome him to our team and introduce him to our network,” Dynasty founder and CEO, Shirl Penney , said.
Shirl Penney
McDonald recently launched Grantd, an AI-driven equity compensation advice platform helping employees and advisors make confident, timely decisions about their corporate stock holdings. Dynasty will take a minority stake in Grantd.
The firm said there is a growing demand for better alignment between benefits and wealth solutions, which it says is a need less-effectively met by traditional brokerage models as the RIA space swells in both size and scope.
Last week, Family Wealth Report reported that Dynasty, which recently wrapped up a $125 million corporate credit facility, had unveiled a “Breakaway Investment Banking Initiative.
Dynasty, which services over $120 billion for the clients of more than 500 advisors in 55 independent firms, manages more than $75 billion on its turnkey investment platform.