Eyeing Transformative Growth in 2024, Leading Liberator in the Wealth Management Space Announces Strategic Appointment

Dynasty Financial Partners Names Tim Oden as Executive-in-Residence

Dynasty Financial Partners, a leading wealth management platform for independent firms, today announced that industry veteran Tim Oden has joined as an Executive-in-Residence for 2024.

Dynasty is one of the top liberators in the industry, helping advisors gain their independence while supporting them with tools to build better businesses and better care for their clients. Currently, 52 firms representing 330 advisors comprise the Dynasty network, and the firm maintains over $88 billion on its core technology platform (As of December 2023).

Dynasty’s unique Executive-in-Residence program was created to bolster the firm’s commitment to and offerings for independent financial advisors by strategically leveraging the expertise of wealth management executives who have founded successful businesses. The program is a core feature of the firm’s “Advisor to CEO” program, which provides content and coaching for CEOs in Dynasty’s Network of independent RIAs, culminating with an on-campus summit at MIT’s Sloan Business School every year.

Today’s appointment signals a tipping point for Dynasty as it shifts into high gear navigating increasingly complex situations of unprecedented size and scope. Oden’s seasoned guidance and extensive leadership experience over three decades in financial services will be integral to Dynasty’s expansion and of enormous value to its Network of firms.

Shirl Penney, CEO and Founder of Dynasty Financial Partners, said: “We are very pleased that Tim agreed to join us as a strategic advisor. As an architect of the RIA space and one of its longest tenured professionals, he will bring tremendous value to us as we navigate this fast-growing industry, and as we evaluate our overall Core Platform product strategy and delivery, among other key initiatives. Tim has been a good friend and trusted confidant for years, so I know his advice will make an impact on the future of our business and our Network.”

Oden’s extensive experience includes a number of senior leadership roles at Charles Schwab & Co. Throughout his career, he amassed significant experience partnering with advisor teams, designing and implementing strategies and innovations, and pioneering new operating models. He is also passionate about mentoring, coaching, and developing talent.

Oden said: “When Shirl approached me about an opportunity to partner with Dynasty and help the team evaluate new strategies and business opportunities, I was keen to be involved. This is truly an extraordinary time in the wealth management industry; we have never seen more simultaneous change occurring and I look forward to the opportunity to work in a strategic realm with an individual I have had deep respect for since the early days of our careers. Shirl, Dynasty, and I have always been aligned around the value of supported independence and advisors having the ultimate choice. 2024 is shaping up to be a transformative year for the firm and I am thrilled to have a seat at the table.”

This latest announcement from Dynasty follows a ground-breaking 2023 during which the 14-year-old firm grew more than in any year since its founding. This evolution featured a series of new business initiatives and talent additions, including the launch of Dynasty’s investment bank dedicated to the RIA space; the new role of Vice Chairman created for industry titan and former Executive-in-Residence, Andrew Marsh; the new role of Chief Market Strategist created for legendary broadcast journalist, Ron Insana; an expanded real estate footprint in St. Petersburg; and CEO Shirl Penney’s 2023 Florida Entrepreneur of the Year award*.

About Dynasty

Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms with the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients. Dynasty is one of the top liberators helping advisors gain their independence while supporting them with the tools to build better businesses and better care for their clients.

For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions and facilitating complementary acquisitions.

*This list was published on April 28th, 2023 by Ernst & Young. These entrepreneurs were selected as finalists by an independent panel of judges. The candidates were evaluated based on their demonstration of building long-term value through entrepreneurial spirit, purpose, growth, and impact, among other core contributions and attributes. There was no compensation provided to be considered for this award. The regional winners were announced on June 8th.

For more information, please visit www.dynastyfinancialpartners.com.

Also visit Dynasty on social media:

LinkedIn: https://www.linkedin.com/company/dynasty-financial-partners

Twitter: @DynastyFP

Youtube: http://bit.ly/1MKXhC8

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