Minnesota sister-and-brother advisors Katherine Forrester Schneewind and Michael Forrester have launched an independent wealth management firm in partnership with Dynasty Financial Partners.

Their new firm, called High Note Wealth, is located in Minnetonka, Minn. The siblings were formerly employed with Northwestern Mutual, where they managed $500 million in client assets, according to a news release.

Schneewind will have the new title of founder, CEO, and Forrester will have the new title of founder, president and CIO. High Note’s clientele includes high-net-worth individuals, families and business owners.

Schneewind indicated in the news release that for both she and her brother, opening their own RIA was a dream come true.

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

Schneewind noted that with 17 Fortune 500 companies headquartered in Minnesota, there was ample opportunity for growth as an independent RIA.

“We see a lot of potential to expand our business by continuing to grow our high net worth comprehensive wealth management business, given our expanded platform and capabilities…as an RIA powered by Dynasty,” she said. Their platform, technology, industry connectivity, and most importantly their people really understood our wealth management platform needs.”

Forrester expressed appreciation to his and his sister’s former employer, Northwestern Mutual, but indicated that the two siblings were looking forward to their their change in status from employees to business owners.

“The idea of owning our own family business together and being able to grow our wealth management business with more high net worth clients is really exciting to us and our team,” he said. “We could not be more thrilled to be living our American Dream with High Note Wealth.”

Forrester also indicated that he and Schneewind wanted to grow their new firm, not just its business.

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