Dynasty Financial Partners has partnered with Kansas City, Mo.-based National Advisors Trust to provide trust and custody services to the firms in Dynasty’s network.
“National Advisors Trust is a support system that will continue to enhance the Dynasty platform giving financial advisors a means to increase asset retention and consolidation,” National Advisors Trust said in a statement. “This partnership is designed to provide a solution to the firms on Dynasty's platform—and creates a readily available trust solution to the firm's business model.”
Separately, Dynasty recently announced that Envestnet was making a minority investment in the company. The two firms plan to jointly launch the Advisor Services Exchange, which will give advisors using Envestnet some features familiar to Dynasty advisors, like access to growth capital, outsourced CFO and marketing capabilities, business management tools, and certain types of consulting.