Dynasty Partners' newly formed independent advisory firm Summit Trail Advisors has lured an ex-Barclays team with $500 million in combined assets under management.

Just weeks after Summit's founding by other ex-Barclays advisors in late July, the firm has added Daniela Pedley and her partner Lauren Cosulich, who will be based in the firm's new Boston office, according to Dynasty. Cosulich also will split her time working for the firm's office in San Francisco.

The advisors also are the latest to leave Barclays as it readies to fold its wealth management operation into Stifel's. So far, more than 50 advisors have made moves before the regional brokerage closes its deal to acquire the British bank's wealth management operation, according to On Wall Street's reporting.

After spending six years in the financial industry in London, Pedley got her start in private wealth management in 2000 at J.P. Morgan's private bank in San Francisco, according to Dynasty.  She later joined Lehman Brothers as a senior vice president and stayed on with the firm when it was acquired by Barclays.

“Daniela and I are looking forward to joining Summit Trail Advisors to gain the full benefits of being part of an independent advisory firm," Cosulich said. "We believe that we can now serve our clients -- successful entrepreneurs, business owners, and other wealthy families across multiple generations and geographic regions – at a higher level.”

Summit's six-member founding team said it partnered with Dynasty Financial Partners for the platform's integrated wealth management services and technology options.

Meanwhile, incentives offered to Barclays advisors to stay on with the firm until it merges with Stifel in the fall have not stopped some from leaving for other firms or independence. While the number has risen past 50 since the deal was announced in June, industry recruiters say they do not believe that it spells a dire situation for Stifel.

The fast-growing regional brokerage is looking to elevate its standing in the industry with the Barclays advisors, who specialize in working with UHNW clients.

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