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What exactly is Dynasty Financial Partners and why is the Smith Barney execs' startup gaining so much attention?

Some combination of a bold business model, powerful backers and good PR -- lawsuit aside -- made for a good break out of the gate

Author Brooke Southall December 13, 2010 at 2:05 PM
1 Comment
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Shirl Penney: We wanted [the company] built to last rather than built to flip.

Charles Roame


Shirl Penney


Todd Thomson


Mike Brown


Ed Swenson

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See more related moves

Mentioned in this article:

Tiburon Strategic Advisors
Consulting Firm
Top Executive: Charles Roame

Jim Cannon, Dynamic Wealth Advisors

Jim Cannon, Dynamic Wealth Advisors

December 14, 2010 — 5:47 PM

Great model! Firms such as Dynasty that are able to build a community of advisors that can access open architecture products and services, leverage their scale with vendors and suppliers for the benefit of their clients, and offer true transparency in their services and pricing are positioned to attract advisors from both wires and larger independent brokerage firms. Advisors are seeking business relationships that can help them achieve efficiency and bring a level of credibility and trust to cultivate and solidify their high net worth client relationships, without the profit center and product conflicts. Dynasty is clearly taking the position that being on the same side of, rather than across, the table from advisors and their clients is the most successful place to sit.

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