The move is yet another example of how access to alternative investments is a theme driving change in the wealth management sector.

Allocate, a digital investment platform giving access to venture funds and co-investments, is partnering with Dynasty Financial Partners, the firm that works with registered investment advisors.

The partnership will provide Dynasty network partner RIAs with a digital solution that will give them the ability to invest in venture capital funds for clients, Dynasty said. 

Launched in late 2021, Allocate provides qualified investors with a streamlined way to discover, access, and manage venture capital fund manager strategies. 

The move is yet another example of how access to alternative investments is a theme driving change in the wealth management sector.

“Venture capital has increasingly been an appealing investment opportunity for independent financial advisors to offer their high net worth clients,” Ed Swenson, co-founder and chief operating officer of Dynasty Financial Partners, said.

Allocate's platform works by automating product discovery, know-your-client, anti-money laundering, subscription documents, capital calls, and investment management. As the platform aggregates investor capital into Allocate feeder vehicles, investors can invest in venture opportunities at low minimums with the purchasing power of institutional investors, enabling them to build venture capital diversified portfolios, Dynasty said.

Allocate was founded by Samir Kaji and Hana Yang in 2021. Before launching the business, they had tenures at SVB Financial Group, SVB Capital, Hamilton Lane, AngelList, Bowdoin Endowment, Icapital, Fidelity, First Republic Bank, Morgan Stanley, Kauffman Fellows, CircleUp, Gradifi, and Vistaprint.