Veteran advisor Matt Kilgroe has partnered with Dynasty Financial Partners to launch Cyndeo Wealth Partners in St. Petersburg, Fla., the companies announced today.

Kilgroe and his team previously managed $1.2 billion in client assets at UBS before going independent as Cyndeo Wealth Partners, a name derived from the Greek word “Syndeo,” meaning “connect”—a nod to Cyndeo’s partnership with Dynasty, and its relationship with new and established clientele.

As part of the Dynasty Financial Partners network, the fledgling independent has access to a full array of capital markets and investment banking capabilities, as well as a wide range of investment research and consulting, advanced technology and proprietary analytical tools, and an online research center, according to the press release announcing Cyndeo's launch.

With clients in nearly 40 states across the U.S., Cyndeo Wealth Partners said it is well-positioned to provide financial planning and investment management services—backed by family office-level personal service—to a growing client base of executives, business owners, land owners and professional athletes, as well as those facing financial challenges due to divorce or death of a loved one.

Kilgroe indicated that his decision to launch an independent was not an arbitrary one. 

“There were a number of compelling reasons for us to launch Cyndeo Wealth Partners,” Kilgroe, an industry veteran with 29 years of experience, said in the press release. “We had keen interest from our clients for more flexibility surrounding investments and service than we could provide in the wirehouse setting. In addition, we followed the evolution of the independent space—particularly on the technology side, and wanted to tap into the advanced capabilities. And we wanted to create a strategy around succession planning.”

Cyndeo has selected Fidelity Institutional as its custodian.

Joining Kilgroe at Cyndeo are Pete Frantzis, director of business development; Eric Branson, director of investments; Tommy Kidwell, vice president of wealth management; Ryan Quinty, vice president of financial planning; Adam Hess, vice president; Nate Johnson, vice president; David Lackore, director of operations; Angela Sundstrom, senior client relationship manager; Julie Battaglia, senior client relationship manager; Paula LaBrake, senior client relationship manager; Porsche Sanders, client relationship manager; and Stephen Galiardo, client relationship manager.

Launched in 2010, Dynasty Financial Partners provides wealth management services and technology platforms for select independent financial advisory firms nationwide.