Dynasty Financial Partners said five advisors previously at Merrill Lynch have joined its network to launch their own practice.

The advisors, who previously had $1.75 billion in client assets at Merrill, are R.Scott Bills, Brett Bills, Teresa Friess, Aaron Seeman, and Joshua DeLoach, according to Dynasty.

They have set up Nilsine Partners, a registered investment advisor firm based in Greenwood Village, Colorado led by the Bills brothers, Dynasty said.

The team’s services include banking, lending, investments and financial planning for business owners, multi-generational family wealth transfer, executives and retirees, according to Dynasty. It specializes in customized portfolio management as well as financial planning services such as multi-generational, philanthropic and trusts, Dynasty said.

“As we continue to evolve and grow the business to meet the needs of our clients, the opportunity and necessity to expand our offerings in the independent world helped accelerate our timeline. We now have the ability to be solutions based, not product driven,” Scott Bills, Nilsine chief executive officer and partner, said in a statement.

Nilsine plans to acquire other advisory practices to expand its philanthropic and family office services, look into real estate opportunities and develop a new advisor recruiting and training program, Dynasty said.

Scott Bills has been in the industry since 2006, while Brett Bills has been in the industry since 2002. Both had been with Merrill since their start until earlier this month, according to their BrokerCheck records.

Dynasty says Nilsine will use Charles Schwab as its custodian. Earlier this year, another team of Merrill Lynch advisors launched their RIA firm through Dynasty.

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