Dynasty’s new partnership gives RIAs access to venture capital
October 5, 2022 - St. Petersburg-based Dynasty Financial Partners has formed a partnership with Allocate, a digital investment platform that provides investors a streamlined way to access venture funds and co-investments, according to a Wednesday press release. The partnership will provide Dynasty network partner RIAs with a digital solution that will give them the ability to invest in venture capital funds on behalf of their clients. “Venture capital has increasingly been an appealing investment opportunity for independent financial advisors to offer their high-net-worth clients,” Ed Swenson, co-founder amd COO of Dynasty Financial Partners, said in the release. “We are thrilled to partner with Allocate to open up access to the private innovation economy for our Network advisors and their private wealth clients without the friction points of high minimums and the burden of having to do their own diligence and discovery. Carter Reum, co-founder of venture firm M13 and Allocate investor, said, "the Dynasty-Allocate partnership will widen access to venture managers, while also lessening the administrative burden for those venture GPs attracting capital.”