Former Richardson Wealth Ltd. chief executive Andrew Marsh has been named vice-chair of the Florida-based Dynasty Financial Partners, a technology service provider to more than 50 registered investment advisory firms.
On Tuesday, the company's first vice-chairman, Marsh, was appointed by the company's chairman. He will report to Dynasty chief executive and founder Shirl Penney.
Marsh, who joined Dynasty as executive-in-residence in April, worked in the 'adviser to CEO program' to help coach registered investment advisers who had transitioned into chief executives.
RIA firms are generally independent businesses and are not part of a larger brokerage or bank. RIAs, too, have a fiduciary obligation to act in the best interests of clients, a regulatory standard Canada has not adopted.
Marsh spent nearly 20 years in executive leadership positions at Canadian wealth manager Richardson Wealth Ltd., a subsidiary of RF Capital Group Inc. At that time, Marsh built the company to 160 investment advisers who managed about $30 billion in assets.
In 1990, Marsh began his career in financial services as a financial advisor. In 2004 he helped launch GMP Private Client at the age of 36.
In 2009, he oversaw the merger of GMP Private Client with Richardson Partners Financial and was appointed CEO of the newly formed Richardson GMP.
Marsh retired in 2021, five months after completing a three-year restructuring deal to split the privately owned investment advisory firm from its capital markets division GMP Capital, and launch an independent publicly traded wealth manager.