Leveraging Dynasty Financial Partners' integrated wealth management services and technology platform, two former Merrill Lynch advisers launched Omnia Family Wealth, a $1.4 billion wealth management business based in Aventura, Florida, this week.
Former Merrill Lynch Advisers Steven and Michael Wagner, who are also father and son, founded Omnia. Joining them were fellow Merrill Lynch veterans Ivan Hernandez, who now serves as co-founder and managing director of wealth structure and planning at Omnia; Diana Torre, client services director; and Cherie Cohen, who is Omnia's director of operations.
"Omnia was formed for a simple reason: we want to offer our clients family office capabilities—in effect, a higher end, more personal level of service in a conflict-free environment," Steven Wagner said. “These families want to align their values and vision with their financial plans."
As the most recent independent investment advisory firm to leverage Dynasty Financial Partners' industry-leading platform of integrated wealth management services and technology, Omnia works with clients on a wide range of financial activities, including wealth structuring, transference and philanthropic legacy planning. The firm takes a holistic approach and offers an intergenerational perspective focused on clients’ long-term objectives.
"The Omnia Family Wealth team consists of advisers who have built a remarkably successful family-based business with a deep connection to their Florida community,” Shirl Penney, Dynasty Financial Partners president and CEO, said. “Dynasty is looking forward to partnering with Steven, Michael, Ivan and their team.”