Business
Kyle Wool Named CEO of Dominari Financial
Respected Wall St. Executive Recruited to Build Dynamic Financial Services Firm NEW YORK, March 28, 2023 /PRNewswire/ -- Mr. Kyle Wool has been named CEO of
About this update from Dominari Holdings Inc.
[{"type":"text","content":"Respected Wall St. Executive Recruited to Build Dynamic Financial Services Firm \nNEW YORK, March 28, 2023 /PRNewswire/ -- Mr. Kyle Wool has been named CEO of Dominari Financial Inc., the mergers & acquisition subsidiary of Dominari Holdings Inc., (NASDAQ: DOMH) and parent of newly launched broker dealer and RIA division, Dominari Securities LLC. Mr. Wool has been a board member of Dominari Holdings Inc. since 2021 and is one of the largest personal investors in the Company.\n\n \n \n \n \n \n \n\n \nIn this newly created role, Mr. Wool plans to build a dynamic and modern financial services organization that will be at the forefront of wealth creation and preservation. \"We see tremendous opportunity to create a diversified and accretive portfolio of world-class assets that will rival any player in the sector,\" said Wool. \"Our goal is to build a next generation financial services organization that leverages talent and technology to capitalize on opportunity and market trends, in order to build value for our stakeholders,\" he added.\nOn March 27, 2023, Dominari Financial finalized the acquisition of Fieldpoint Private Securities, a deal first disclosed in September 2022. This will represent Dominari Financial's first purchase since being formed in June 2022 and will serve as foundational pillar of future growth. Dominari Financial is currently in active discussions to acquire other revenue generating investments across wealth management, fintech, investment banking, alternative investments, and asset management.\nAs CEO, Mr. Wool will lead the acquisition and growth strategy of Dominari Financial and plans to move swiftly to realize the potential he envisions. \"Market conditions are always right for a sound business strategy that breaks new ground. The Dominari model represents the future of our industry, and we are excited to partner with like-minded, forward-thinking companies to bring them into our portfolio. Hopefully my personal commitment and investment will send a strong signal to the market about the seriousness of our intent to establish Dominari Financial as a significant player in the industry,\" he added.\nMr. Wool is a successful Wall St. veteran, having held numerous positions across leading firms in private wealth management and asset management. As Executive Director at Morgan Stanley, he distinguished himself...