Jerry Nigro, a former managing director and investment adviser at Robertson Stephens, has left the firm to launch a new independent financial advisory firm named Claybrook Capital in partnership with Dynasty Financial Partners.

Based in Boston, Claybrook will serve wealthy individuals, families, and foundations.

Nigro previously spent seven years at UBS as a senior vice president and senior portfolio manager, and eight years at The Goldman Sachs Group.

He will be supported by Virginia Madden, who too joins from Robertson Stephen as managing director at Claybrook.

Dynasty will offer analytics and operational support for Claybrook.

“We are looking forward to working with our clients with the goal of maximizing their after-tax returns with an acceptable level of risk – with minimal conflicts. Working with Dynasty Financial Partners, we are positioning our new wealth management firm for future expansion,” Nigro said.

Dynasty CEO Shirl Penney said: “We are proud to welcome Claybrook Capital as a Dynasty Network Advisory Firm and we look forward to partnering with them to serve their clients and to position their firm for future growth.”

The new wealth practice also partnered with Fidelity Custody and Clearing Solutions, as well as Callan Associates.