St. Petersburg, Florida-based RIA Cyndeo Wealth Partners announced Tuesday that Shawn Jiles joined the firm as a Central Florida-based advisor managing about $200 million in client assets.
Cyndeo, a member of the Dynasty Financial Partners’ Network of independent advisory firms, has $2.4 billion in assets under management (AUM) and clients in 40 states, it says.
Jiles specializes in balance-sheet efficiencies for ultra-high net worth investors and their families, according to the release. Working with external tax and legal advisors as appropriate, Jiles also engages in long-term financial planning, portfolio design, business succession and liquidity strategies, the firms said.
Before joining Cyndeo, he was a Private Wealth Advisor and Partner at Bison Wealth, a wealth advisory firm based in Orlando, Florida. Prior to Bison Wealth, he was Senior Vice President and Senior Financial Advisor at Merrill Lynch from 2006 to 2022 and a Financial Advisor at UBS Wealth Management from 2004 to 2006, according to his LinkedIn profile.
Jiles said he was “excited to be joining Cyndeo Wealth Partners because their core approach aligns with my mission to act in the client’s best interests.”
“Shawn is a great addition to our Central Florida strategy,” said Matt Kilgroe, CEO and President of Cyndeo. “He provides deeply customized advice and guidance to help his accomplished clients unwind the complexities that significant wealth frequently entails. Most importantly, his unwavering commitment to his clients aligns with the approach we take at Cyndeo.”
"M&A — including milestone hires like that of Mr. Jiles at Cyndeo — continues to be a key driver of accelerating growth for our Network Firms,” according to Andrew Marsh, Dynasty’s Head of Core Services.
In October, Dynasty closed a minority capital raise that saw BlackRock and J.P. Morgan Asset Management become its latest investors, alongside existing investor Charles Schwab. In September, Dynasty added Mark Hineman as COO.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.
