Dynasty Financial Partners has introduced Dynasty Enterprise Group (DEG), a division within Dynasty focused exclusively on Network Partner firms with assets under management in excess of $1 billion.
DEG, led by Ed Friedman, director, and Gordon Ross, senior vice president, will cater to the largest and most complex independent advisory firms on the Dynasty Platform — firms that face unique and specific opportunities and challenges due to their size and scale.
“The RIA industry in the United States is evolving. Many large RIAs that launched 10 years to 20 years ago used to be known for having the top technology and processes available in the marketplace. However, we have found that many of these firms failed to evolve, and their infrastructure is now outdated — leaving them disadvantaged to newer, more nimble RIAs that are adopting new-age technologies and practices,” said Friedman. “We are seeing significant demand from these large, complex RIAs, seeking assistance in order to drive change, increased profitability and modernization within their businesses. DEG will give these firms metrics by which to measure performance, help them optimize their operational efficiencies, and provide insights and resources to maximize their growth.”
DEG provides consultation and resources to enterprise clients on the following:
- Technology
- Marketing and Branding
- Compliance
- Investment Process
- Operations
- Profitability
- Practice Management
- Talent Management
- M&A
- Capital Structure
On July 12, 2018, DEG will launch the first in a series of national best practices workshops, entitled “Optimizing the Billion Dollar Firm.”
