Morgan Stanley $420M Team Goes Indie with Help from Dynasty

Dynasty Financial Partners says it has helped another team of financial advisors leave their wirehouse for independence, this time from Morgan Stanley. Wealth advisors Lawrence Durso, his son Michael Durso and Michael Lombardi have launched Red Banks, N.J.-based ShoreHaven Wealth Partners, according to a press release from Dynasty. The trio previously worked together at Durso Wealth Management Group at Morgan Stanley, overseeing $420 million, Dynasty says.