Leslie Dentinger, Chief Technology Officer at Dynasty Financial Partners, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss supporting advisors through innovative technology.
Dynasty supports a network of advisors to build and grow their business by providing services, including an integrated technology stack. Part of Dynasty’s core mission is delivering synthetic scale and improving efficiencies through technology. By delegating middle and back office management to Dynasty, advisors can spend more time with clients and building their business. It is important for the advisor’s brand to be presented to clients with strong digital tools and maintain the advisor’s brand identity. Dynasty focuses on the synergy between the advisor and the client experience.
A research report from F2 Strategy compared the growth rates of Dynasty firms to 5,000 SEC-registered RIA firms. Adjusted for firm size and other metrics, the Benefits to Partnering with Dynasty show that RIAs outsourcing to Dynasty have higher growth rates, lower headcount, and higher valuations. Dentinger notes that it is cost-prohibitive for RIAs with less than $2 billion AUM to build their own tech stack.
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