Dynasty Financial Partners has launched Model Select, a program that performs investment management functions for independent registered investment advisors in its network.
Model Select uses quantitative signals and qualitative insights to build portfolios utilizing passive and active strategies, according to a news release from Dynasty. The program is guided by data-driven risk management and offers various trading tempos through 11 levels of risk tolerance, and also provides tax-aware and taxable fixed-income options.
Dynasty reports that it is partnering with “leading asset managers,” giving access to broad market and niche exposures. Model Select includes tax overlay capabilities, differentiating it from similar services, according to the release.
“We set out to build a sophisticated, scalable multi-manager solution at a reasonable cost,” said Bob Shea, Chief Investment Officer for Dynasty Financial Partners. “As we listened to the needs of our network partners, we realized it is a highly adaptable approach to portfolio management with broader appeal than we anticipated. We continue to enhance the program by finding boutique managers and exposures to non-traditional asset classes, which we view as key to helping Model Select evolve.”
Model Select offers automated, tax-smart transitions that permit a seamless asset transfers, and tax-efficient management.
“Automated portfolio trading, professionally managed tax overlay, and educational content give advisors a wealth of insight to drive more meaningful conversations with their clients,” added Shirl Penney, Founder and President of Dynasty Financial Partners. “Most importantly, by outsourcing investment management to a cost-effective program like Model Select, advisors can focus on spending more time with clients, meeting prospects, and growing their businesses.”
Dynasty was founded nearly 15 years ago as an open-architecture platform of wealth management technology and services, It has evolved into a suite of businesses offering expertise and guidance for advisors.
Dynasty has 58 network partner firms representing over 400 advisors with over $100 billion in platform assets.
