Bangor Daily News – 5-13-15
BRUNSWICK, Maine — Dynasty Financial Partners has announced its partnership with Cribstone Capital Management, the most recent independent investment advisory firm to leverage Dynasty Financial Partners’ industry-leading platform of integrated wealth management services and technology.
Financial adviser Scott Upham co-founded Cribstone Capital Management more than two years ago. Now, together with Partner and Investment Strategist, Odette Galli, Upham has left Ameriprise to launch Cribstone as an independent RIA.
In addition, financial advisor John Duffy is joining Cribstone as a Partner from LPL. Cribstone Capital Management will immediately become one of the largest financial advisory teams in Maine.
“Cribstone Capital Management was founded as a regional firm in Maine and is very much built around our desire to keep our clients’ money management services in Maine. Cribstone Capital Management partners with our clients to develop creative, tailored wealth management solutions to fulfill their missions and goals. We have the opportunity to position Cribstone as a leader among New England’s top financial advisory firms,” said Scott Upham, Managing Partner and Director of Wealth Management of Cribstone Capital Management. “We have a passion for serving clients both in the state and those who may be at a distance but identify proudly and profoundly with Maine.”
Cribstone Capital Management works with families to develop highly customized wealth management solutions that align tax, legal, philanthropy, estate planning and investment portfolios with the deep connection they have to the strong values reflected in the local community. The firm also provides comprehensive solutions to many non-profit clients throughout the state in the form of endowment management, retirement plan services and consulting. Cribstone Capital Management is headquartered in Brunswick, Maine with additional offices in Augusta and Cumberland Foreside. For more information, please visit www.cribstonecapital.com.
The company will leverage Dynasty’s fully open architecture platform, with Charles Schwab providing custody services. The team will access Dynasty’s groundbreaking investment platform, which includes industry-leading proprietary research from Wilshire Associates and Callan Associates and Envestnet’s portfolio tools and reporting technology, all integrated through the state-of-the-art Dynasty Desktop Advisor Portal.
“The Cribstone Capital Management team consists of extraordinary investment advisors who have built a remarkably successful business and are now combining two practices with a deep connection to their community,” said Shirl Penney, President and CEO of Dynasty Financial Partners. “Dynasty is delighted to partner with Scott, Odette, John and their team and we are proud to add them to our Network of truly independent advisors.”
According to Tim Bello, Partner and Director of Network Development at Dynasty, “With their newly launched independent firm, we expect that Scott, Odette and John will have even greater success building out their business and will become the firm that successful advisors in Maine and other independent minded advisors in New England will seek to join.”
Managing Partner, Director of Wealth Management, Cribstone Capital Management
Scott Upham is the Co-Founder of Cribstone Capital Management and leads the team as Managing Partner. He is the advisor for many family relationships and institutional clients and also serves on the firm’s Investment Committee. With more than 20 years of extensive financial services experience — including expertise in retirement, trust, estate and tax planning – Mr. Upham specializes in serving multi-generational families, non-profit organizations, foundations and business owners. Prior to co-founding Cribstone, he was a Regional Director with Russell Investments for seven years and also held senior investment management positions with American Express, Putnam Investments and Fleet Investment Management. He has also served on the board of trustees of the Maine Maritime Museum and knows first-hand both the challenges and opportunities facing non-profits and foundations.
Upham is a graduate of the University of Maine and earned his certification as an Investment Management Analyst from the University of Pennsylvania’s Wharton School of Business. He is also a Certified Private Wealth Advisor through the University of Chicago’s Booth School of Business.
Partner, Director of Investment Strategies, Cribstone Capital Management
Odette Galli is a Partner and serves as the team’s Director of Investment Strategies, leading the Investment Committee and managing client relationships. She has extensive experience in investment and portfolio management, equity research and analysis through a career that spans more than 20 years. She has held senior portfolio manager positions at Ark Asset Management and J&W Seligman & Co., Inc. in New York City, where she co-managed both institutional and mutual fund assets totaling $3 billion, and got her start at Morgan Stanley, where she spent seven years in the equity research department. For a short stretch in the early 2000s, Ms. Galli channeled her investment expertise into financial writing, working as a columnist for TheStreet.com (James Cramer’s premier financial news website) and as a staff writer with Smart Money Magazine. Like other members of the Cribstone team, she has first-hand experience with non-profit organizations. She served in senior development positions at Penobscot East Resource Center, Maine Audubon, the National Wildlife Federation and Vassar College. Odette currently serves as a Trustee of the Maine Island Trail Association, where she chairs the Development Committee.
Galli received her MBA in Finance from New York University’s Stern School of Business and her Bachelor of Arts in History from The College of William and Mary in Virginia.
John D. Duffy
Partner, Director of Retirement Plan Services
Joining Cribstone Capital Management as Partner is John D. Duffy who brings 20 years of financial services expertise to the senior managing team. As the Director of Retirement Planning, John offers far-reaching knowledge in retirement, trust, tax and estate planning. He specializes in family dynamic coordination on such issues as elder care and healthcare funding, legacy and charitable planning, and behavioral finance issues as they pertain to income distribution. Prior to joining Cribstone, Mr. Duffy was the co-founder and Managing Partner of Duffy Anderson Investment Management LLC, a boutique family wealth practice. For more than six years, he was a Senior Vice President of Investments at Wachovia Securities and A.G. Edwards & Sons, Inc. where he was a member of the exclusive Chairman’s and President’s Councils.
Duffy is a Certified Private Wealth Advisor® and an Accredited Investment Fiduciary®. He graduated from Dickinson College with a degree in Political Science. He served as a Trustee of the Greater Lovell Land Trust and has volunteered at several community organizations including the Ronald McDonald House.
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates the finest wealth management capabilities for the industry’s leading independent investment advisor teams. Dynasty offers a customized open-architecture platform of wealth management solutions and technology to help independent advisors protect and grow their clients’ wealth. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients. For more information, please visitwww.dynastyfinancialpartners.com