Episode Details

Today, we have a special guest from an industry leader in the wealth management space. 

Ed Swenson is one of the most successful entrepreneurs in the wealth management space. Ed is the Co-Founder and COO of Dynasty Financial Partners, a leading RIA technology services platform.

Ed and I had a really interesting discussion about the future of the wealth management industry – and how alts will play a role in the evolution of the space. We discussed:

• How and why the wealth management industry is changing.
• How Dynasty is a champion of entrepreneurs in the wealth management space.
• The democratization of access and advice in wealth management.
• How and why wealth managers should have alternative investments in their portfolio.
• How VCs will soon realize that the RIA space will be a great source of LP capital for them.
• How advisors allocating to “alt alts” (like crypto, sports cards, collectibles, art) should be “on the table.”

Ed co-founded and is the COO Dynasty Financial Partners, a leading RIA technology services platform that enables wealth advisors to become entrepreneurs and run their own businesses using Dynasty’s platform and infrastructure across technology, operations, diligence, access to investments, and M&A capabilities.

Ed and his Co-Founder Shirl have grown Dynasty to over $50 billion in aggregate AUM across almost 50 advisor teams. Dynasty is a leader in the fast-growing RIA space. They uniquely understand the needs of advisor teams who break away from wirehouses like UBS and Merrill Lynch and they’ve built out a tech stack and platform that is state of the art. Ed spearheads their technology approach by partnering with best-in-class fintech companies in various aspects of wealth management to build a tech platform that advisors love.

Ed also recently co-founded the Envestnet Advisor Services Exchange by Dynasty, a platform that enables Envestnet clients to access the value-added services that Dynasty offers. 

Ed comes from a wealth management background, so he’s in a unique position to understand the needs of independent advisors. Prior to Dynasty, he led the distribution network communications for Smith Barney’s Multiple Discipline Accounts division and was a Portfolio Manager for the Legg Mason Partners Large Cap Growth Fund. 

I hope you enjoy.