Growth Dynamo DayMark Wealth Partners Adds Hofstetter Baron Group With $585 Million in Client Assets

By: Dynasty Financial Partners via Business Wire

May 07, 2024 at 10:00 AM EDT

New Southport, Conn.-based Team to Leverage Dynasty's Platform to Provide Better Technology and Tools for Their Clients

Ohio-based DayMark Wealth Partners announced today that veteran financial advisors Thomas Hofstetter and Daniel Baron have joined the firm as the Hofstetter Baron Group of DayMark Wealth Partners.

Previously a Wells Fargo Advisors team managing $585 million, Southport, Conn.-based Hofstetter Baron Group advises high net worth families and individuals.

Driven by a commitment to service, the Hofstetter Baron Group chose independence to help their clients achieve their goals through customized financial planning, personalized advice, and institutional-quality portfolio management.

“The RIA space has matured to the point we can offer our clients even more than they've come to expect,” Mr. Baron said. “Becoming truly independent, teaming with DayMark Wealth Partners and Dynasty Financial Partners, equips us to exceed expectations — especially when it comes to the in-depth planning our families require.”

For DayMark Wealth Partners founder Mike Quin, the addition of the Hofstetter Baron Group “reinforces something I’ve been saying here for a while: our firm and our model is a landing pad for elite teams and their clients.” Adds Quin: “My partners at DayMark and I couldn’t be prouder to partner with the Hofstetter Baron Group, who are great people and tremendous professionals.”

Shirl Penney, CEO of Dynasty Financial Partners, sees the addition of the Hofstetter Baron Group as proof “the model Mike Quin and his team are building resonates with the largest and most ambitious breakaway advisors out there — the very firms with the most choice when it comes to finding a new home. We’re excited to welcome another seasoned team to DayMark Wealth Partners, and we look forward to supporting them as they grow.”

DayMark Wealth Partners is an RIA based in Cincinnati, Ohio, with $2.5 Billion in assets under management, prior to this acquisition. It receives custodial support from Fidelity Investments and Charles Schwab and is a member of the Dynasty Financial Partners’ Network of independent financial advisory firms.

About Dynasty

Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients.

For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions and facilitating out complementary acquisitions.

For more information, please visit www.dynastyfinancialpartners.com.

Also visit Dynasty on social media:

LinkedIn: https://www.linkedin.com/company/dynasty-financial-partners

Twitter: @DynastyFP

YouTube: http://bit.ly/1MKXhC8