US-based Dynasty Financial Partners has launched its Model Select programme, an initiative to assist independent registered investment advisors (RIAs) in outsourcing investment management.
The programme is designed to streamline the asset transfer process with automated, tax-smart transitions, followed by ongoing tax-efficient management. This approach is intended to enhance the level of service advisors can offer their clients, aiding in their success.
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Dynasty Financial Partners chief investment officer Bob Shea said: “We set out to build a sophisticated scalable multi-manager solution at a reasonable cost. As we listened to the needs of our Network Partners, we realised it is a highly adaptable approach to portfolio management with broader appeal than we anticipated.
“We continue to enhance the program finding boutique managers and exposures to non-traditional asset classes, which we view as key to helping Model Select evolve.”
The Model Select programme is a comprehensive turnkey solution that combines quantitative signals with qualitative insights for top-down portfolio construction.
It employs both passive and active strategies to create portfolios across 11 different risk tolerances, offering various trading cadences. The programme also features tax-aware and taxable fixed income options.
Dynasty’s partnership with asset managers enables the Model Select programme to offer access to broad market and niche exposures.
Dynasty Financial Partners founder and CEO Shirl Penney said: “Automated portfolio trading, professionally managed tax overlay, and educational content give advisors a wealth of insight to drive more meaningful conversations with their clients.
“Most importantly, by outsourcing investment management to a cost-effective programme like Model Select, advisors can focus on spending more time with clients, meeting prospects, and growing their businesses.”
