DayMark Wealth Partners is the most recent independent advisory firm to leverage Dynasty Financial Partners’ industry-leading platform of technology-enabled wealth management solutions and business services for financial advisory firms.
The founding seven partners previously worked together at Wells Fargo’s Cincinnati office. The founders include two executives, Mike Quin and Steven L. Satter who is General Counsel for DayMark Wealth Partners and five financial advisors: Robert E. Prangley, II, CIMA®, P.J. Boland, CPWA®, Jason M. Beischel, CFP®, Mike Larison, AAMS® and Daryl J. Demo. The total number of staff is 14 professionals. The firm previously managed $1.4 billion in client assets.
“We launched DayMark Wealth Partners because we wanted full ownership of the business, the client experience and our ADV. We want to act in the best interests of our clients, pure independent environment, and support elite, top advisors, and we can only do that if we have the freedom and flexibility to only focus on our clients’ goals,” said Mike Quin, Founder of DayMark. “We fully expect to acquire like-minded teams who understand that their primary concern is their clients and we want to help them execute that client experience at a higher level.”
Shirl Penney, CEO of Dynasty Financial Partners, said, "We are honored to welcome the entire DayMark team to the Dynasty community. We expect DayMark to be a preferred destination for multi-generational families, entrepreneurs, corporate executives, and business owners. They will also be a premium choice for advisors seeking partnership, professionalism, and integrity in their new firm. We anticipate that DayMark will grow fast both organically and inorganically, and we believe they are the type of firm that represents the wealth management boutique of the future."
According to John Sullivan, Dynasty’s Director of Business Development, “The launch of DayMark signals another significant stage in the evolution of the wealth management industry. Increasingly, we are seeing executives in management positions and larger, more sophisticated teams choosing independence as the path that best benefits advisors and their clients. We anticipate that DayMark Wealth Partners will build one of the industry's truly significant, professional wealth management firms and we look forward to partnering with them."
About the name DayMark: Lighthouses are often painted in a unique pattern so they can be easily recognized during daylight, a design known as a daymark. As advisors, DayMark Wealth Partners looks to guide high-net-worth clients and their families with the clear direction of a well-thought-out plan, giving visibility for generations to come.
Based in Cincinnati, DayMark’s clients include business owners, corporate executives, and many high-net-worth families with multiple generations - in some cases four and five generations.
Specialties of the firm include:
- Generational Transfer Planning
- Charitable giving strategies
- Concentration Risk Reduction
- Tax Optimization
For Business Owners and Executives –
- Succession Planning and Pre-Sale Valuation and Liquidity Planning for business owners.
- Executive benefits/Tax Mitigation Services/Retirement and Corporate Stock Distribution Planning as well as cash flow optimization during and after employment.
