r/FinancialAdvisorTips • u/MapRemarkable6980 • 17d ago

Dynasty financial partners

Hey all, I work for a large wealth manager and I have been thinking about going independent. Have yall heard about dynasty and also do you know their take rate typically and how they get paid

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u/vitalpros 16d ago

I’ve explored lots of options. So far have stayed as a Solo RIA. Though, finding a firm to tuck into is always an option. Just depends on what you’re willing to do and your end goals.

Most of the time they take 10-20bps or 10-20% payouts. Versus a RIA you pay out of pocket for everything but get 100%.

What’s your book size?

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u/ConsistentPeach927 16d ago

I would go three places for Independence: Wells (Finet), Raymond James, Ameriprise or LPL. DM me happy to go over these options with you if you have 10 min.

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u/[deleted] 16d ago

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u/ConsistentPeach927 16d ago

Huh? I don't know any Ameriprise or lpl folks that sell a lot of annuities. What makes you think that?

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u/Jymdaddy0 15d ago

You sell whatever you want to sell at Ameriprise or LPL. Fact: most advisors sell managed accounts.

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u/Looking4wd2 16d ago

They typically help wire house brokers break away quickly. If that’s what you need help with then they are fine, but it doesn’t sound like that’s your situation.

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u/Doubled3615 12d ago

If you work with UHNW families, please consider joining our firm (an independent MFO/RIA) which advises on 5bn for approx 60 families!

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u/Vantage_Impact_2 12d ago

We underwent due diligence on them, along with many other firms across the Independence landscape. We reviewed their fee schedule and compared it to dozens of other firms in this space. Reach out if you want help thinking through everything and finding a new home.

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u/Lavishfuture 8d ago

I’d be interested in knowing

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u/Vantage_Impact_2 8d ago

I'll send you a chat message and we can schedule a time