Practice Strategies

Dynasty Financial Partners Toasts Five-Year Anniversary

Eliane Chavagnon Editor - Family Wealth Report December 8, 2015

Dynasty Financial Partners Toasts Five-Year Anniversary

Dynasty, which develops, sources and integrates wealth management capabilities for independent advisory clients, has been around for five years now, signaling growth in the independent channel.

New York City-headquartered Dynasty Financial Partners is celebrating its five-year anniversary with 35 network partner firms, as the trend towards advisor independence continues to accelerate.

Dynasty's 35 partner firms include over 100 advisors representing some $600 million in combined client assets per firm.

“It has been great to see advisors join our community come from legacy RIAs who seek better scale and operating efficiencies with their firm, IBD-based advisors who want to launch their own RIAs, or wirehouse advisors who are seeking independence for the first time,” said Dynasty’s head of service and transition, Jason Pinkham.

The most recent and largest teams to join Dynasty include Summit Trail Advisors, with more than $3 billion in client assets, and Corient Capital Partners, with $3.3 billion in client assets – both were announced within the last six months of 2015.

Through Dynasty, financial advisors run their practices through an integrated platform of customized service partners – CRM, financial planning, proposal generation software, traditional and alternative manager due diligence, portfolio implementation, trading, rebalancing, reporting, custodial platforms, research, analytics and billing.

The firm also recently launched the Dynasty Desktop, which provides integrated client engagement, investment management and business management tools for high-end advisors. It has also made investments in physical locations, having recently opened corporate offices in Chicago, IL, and San Francisco, CA.

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