Ed Swenson, Co-Founder, COO of Dynasty Financial Partners and President at Advisor Services Exchange joined Julie Cooling, Founder & CEO of RIA Channel to discuss how the best performing RIAs drive growth and profits.
Consolidation and independence are key themes in today’s advisor space. An increasing number of advisors are going independent, while at the same time roughly 14,000 advisory firms have less than $100 million in assets, making the industry ripe for consolidation. Regional firms can create enterprise value and enhance their footprint by moving to become national firms, says Swenson on RIA M&A trends.
Dynasty Financial Partners now works with 50 independent RIA firms and seeks to assist more advisors with becoming independent and growing their firm. Dynasty helps advisors transition to independence by providing a platform that enables infrastructure, access to traditional and alternative investment offerings, and a capital solution assisting advisors to pay off any borrowings necessary to secure their independence.