Dynasty Financial Partners (“Dynasty”) today announced that it has partnered with technology-powered asset manager Ethic to expand environmental, social and governance (ESG) investing capabilities for its network of almost 50 independent advisory firms.
The addition of Ethic will empower financial advisors within the Dynasty network to create custom, tax-efficient passive equity portfolios that align clients’ personal values and financial goals. Advisors will have the option to either select from existing thematics, or to create a custom suite of investment portfolios/allocations that are based on a range of underlying benchmarks and reflect their firm’s sustainability priorities.
“We believe that sustainable investing represents a tremendous opportunity for advisors to forge deeper client relationships, increase retention and capture the next-generation of wealth holders,” said Nick Gerace, senior vice president of investments at Dynasty. “The addition of Ethic to our platform reflects our ongoing commitment to providing advisors with leading-edge solutions that empower them to better serve their clients and operate scalable, successful firms.”
According to the US SIF Foundation, $12.0 trillion of professionally managed assets in the U.S. now employ sustainable, responsible and impact investing (SRI) strategies – an increase of 38 percent from $8.7 trillion in 2016. Jay Lipman, co-founder and president of Ethic, added: “Advisors who can have authentic and informed conversations with their clients surrounding their distinct values, and offer them tailored investment solutions, will likely be well positioned for future growth. As client expectations continue to grow, advisors are seeking refreshing ways to deepen and enrich existing client relationships, as well as a consistent means to win new ones. We’re excited to work with Dynasty, a true industry leader that shares our enthusiasm for serving and supporting the advisor community.”
Ethic’s end-to-end-solution, which draws from a multitude of reputable data sources to aggregate, analyze and predict sustainability issues, uses quantitative portfolio construction to tightly track underlying benchmarks and match market performance. It also offers robust reporting capabilities that help advisors to clearly communicate clients’ underlying holdings, and how their portfolio allocations are translating to tangible social and environmental impact.
“Ethic’s technology solution is not only able to help our clients align their values with their portfolios, but also to demonstrate the tangible impact that their investing decisions are having on the issues they care about most,” added Gary Hirschberg, founder and CEO of Aaron Wealth, a Dynasty network firm. “These crucial metrics have, for the most part, been elusive in ESG offerings until now. I’m confident that, as client interest in sustainable investing grows, other advisors in Dynasty’s network stand to benefit from having a dedicated technology partner that truly understands the space.”
This latest announcement from Dynasty comes on the heels of an impressive growth year that saw the firm surpass $16 billion in assets on its turnkey asset management platform (TAMP). In addition, Dynasty’s Investment Platform is approaching $1 billion in alternative assets. For more information, please visit dynastyfinancialpartners.com.
About Dynasty Financial Partners
Dynasty Financial Partners is known for assisting advisors of integrity to better service their clients, run their businesses more profitably, grow faster, and enhance the enterprise value of their firm. Dynasty does this by providing wealth management and technology platforms for select independent financial advisory firms. Dynasty creates access to valuable resources and industry-leading capabilities through an open architecture platform, enabling advisors to address their clients’ needs and to protect and grow their wealth. Dynasty supports independent advisors and their teams in being independent, but not alone by creating exclusive community events and experiences. Dynasty also offers access to flexible capital solutions to help advisors expand, scale and grow their business. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to developing solutions that allow investment advisors to act as true fiduciaries to their clients.
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Ethic is a tech-driven asset manager that powers the creation of custom sustainable equities solutions for wealth advisors and institutional investors. The company is backed by both respected institutional and impact investors including ThirdStream Partners, Nyca Partners, Kapor Capital and the Urban Innovation Fund. Ethic is an SEC Registered Investment Adviser based in New York City. Learn more about Ethic at ethicinvesting.com