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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

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.

Related Moves

September 21, 2023 at 1:53 AM

Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners

The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.

September 24, 2019 at 2:02 AM

Tim Oden departed Schwab after 37 years and was flooded with industry offers, but Shirl Penney made one he couldn't refuse -- a seat at the table

The RIA sales wizard joined Dynasty Financial Partners with understanding he would leave sales behind and earn his keep by focusing on strategic ideas.

February 22, 2024 at 2:20 AM

After 13 years in the Shirl shadow, Ed Swenson gets a mandate to grow a $20-billion corporate RIA as old AIG IBD unit, Advisor Group, reorganizes and seeks new brand identity

The Dynasty veteran is key man in Jamie Price effort to take Advsior Group and finally streamline and up-RIA it for a new era.

June 6, 2023 at 1:46 AM

See more related moves

Mentioned in this article:

Tiburon Strategic Advisors
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Top Executive: Charles Roame

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