Today, we have a special guest from an industry leader in the wealth management space.
Ed and I had a really interesting discussion about the future of the wealth management industry – and how alts will play a role in the evolution of the space. We discussed:
How Ed & his co-founder Shirl Penney started Dynasty out of a garage.
How and why the wealth management industry is changing.
How Dynasty is a champion of entrepreneurs in the wealth management space.
The democratization of access and advice in wealth management.
How and why wealth managers should have alternative investments in their portfolio.
How VCs will soon realize that the RIA space will be a great source of LP capital for them.
Why advisors allocating to “alt alts” (like crypto, sports cards, collectibles, art) should be “on the table.”
Ed co-founded and is the COO Dynasty Financial Partners, a leading RIA technology services platform that enables wealth advisors to become entrepreneurs and run their own businesses using Dynasty’s platform and infrastructure across technology, operations, diligence, access to investments, and M&A capabilities.
Ed and his Co-Founder Shirl have grown Dynasty to over $60 billion in aggregate AUM across almost 50 advisor teams.
Dynasty is a leader in the fast-growing RIA space. They uniquely understand the needs of advisor teams who break away from wirehouses like UBS and Merrill Lynch and they’ve built out a tech stack and platform that is state of the art. Ed spearheads their technology approach by partnering with best-in-class FinTech companies in various aspects of wealth management to build a tech platform that advisors love.
Ed also recently co-founded the Envestnet Advisor Services Exchange by Dynasty, a platform that enables Envestnet clients to access the value-added services that Dynasty offers.
Ed comes from a wealth management background, so he’s in a unique position to understand the needs of independent advisors. Prior to Dynasty, he led the distribution network communications for Smith Barney’s Multiple Discipline Accounts division and was a Portfolio Manager for the Legg Mason Partners Large Cap Growth Fund.
I hope you enjoy.
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