Dynasty Financial Partners moving headquarters to St. Pete, Fla.

Dynasty Financial Partners is moving its headquarters from New York City to St. Petersburg, Fla., in the second quarter, but will continue to maintain a presence in midtown Manhattan and keep its client service locations in Chicago and San Francisco. The firm spent a year looking for a location that combined economic leverage, a high quality of life, a robust infrastructure, and a strong talent pool, it said in a release. [More: Dynasty creates unit to help large RIAs improve operations] "We also wanted a location that was in the heart of a thriving and growing financial services market," said Shirl Penney, the firm's president and CEO. Dynasty said it works with 47 RIAs across the U.S. with assets over $30 billion on the firm's platform.