Dynasty Financial Partners (a leading wealth management platform for independent firms) 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 in building better businesses and caring 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 Executive-in-Residence program was created to bolster the firm’s commitment to and offerings for independent financial advisors by strategically utilizing the expertise of wealth management executives who have founded successful businesses. And 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.
This appointment signals a tipping point for Dynasty as it shifts into high gear navigating increasingly complex situations of unprecedented size and scope. And 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.
Oden’s extensive experience includes several senior leadership roles at Charles Schwab & Co. And 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.
This announcement from Dynasty follows a ground-breaking 2023 during which the 14-year-old firm grew more than in any year since its founding. And the 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.
KEY QUOTES:
“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.”
- Shirl Penney, CEO and Founder of Dynasty Financial Partners
“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.”
- Tim Oden
