Dynasty Financial Partners partners with Pontera to improve clients’ retirement outcomes through custody account management

NEW YORK AND ST. PETERSBURG, Fla.–(BUSINESS THREAD)–Dynasty Financial Partnersthe leading provider of outsourced back-office and middle-office solutions for RIA and financial technology companies Pontera announced a partnership to enable RIAs in the Dynasty network to fully manage 401(k), 403(b) and other accounts held for their clients in a secure and compliant manner leveraging Pontera’s SOC 2 certified platform .

Since Dynasty’s founding in 2010, assets in employer-sponsored retirement accounts have more than doubled, from $4.9 trillion to more than $11 trillion at the end of of the year 2021. In addition to market appreciation, this growth is due to decreased renewals due to retiree-friendly plan policies and better investment options in the plan. A recent Cerulli reports found that of the $3.3 trillion eligible for a distribution last year, 73% remained in the plan. Bipartisan support for accommodative legislation in the SECURE 2.0 Act and the reenactment of the DOL fiduciary rule suggest that the trend of employer-sponsored plan growth will only continue.

Consequently, the need for investment advice in these accounts has grown; a recent one JP Morgan survey found that 62% of plan participants wish they could completely turn their retirement planning over to an expert. Historically, however, financial advisors have struggled to help clients with these accounts, as they are typically kept outside of wealth management (or “retained”) advisory platforms. Pontera’s technology addresses this gap by enabling advisors to negotiate retained accounts for their clients. Pontera’s data integrations with portfolio accounting systems mean wealth managers can also run performance reports, portfolio analytics and trade monitoring, enabling advisers to offer clients the same level of service on retained accounts as custodial accounts Advisors can increase their income while providing a complete financial picture by adding retirement plan accounts.

“At Pontera, our mission is to be a bridge to a better retirement for investors everywhere, enabling them to get the management they want and need in their accounts away from home,” he said. David Goldman, business director of Pontera. The benefit of professional investment management for clients can be monumental; Research shows that professionally managed accounts can generate more than 3% additional value per year, net of fees, and potentially even more during periods of volatility such as the first half of 2022. “We are humbled and excited to partnering with Dynasty, who we view as a pioneer and leader in the independent wealth management space, in pursuit of our goal,” Goldman added.

“At Dynasty, we help teams of leading advisors transition to independence so they can provide personalized and holistic advice to their clients in ways that may not be possible in other channels,” he said. Shirley Penney, CEO of Dynasty. “Managing company-sponsored retirement accounts is critical to providing end-to-end customer service. We are pleased to have found a provider that can deliver the capability in a scalable, secure and compliant manner. We look forward to launching with Pontera will bring retained account management to all of our teams and their customers.”

Dynasty will manage the operational elements of Pontera’s services for the companies in its network, including the integration of billing and performance reporting, allowing them to focus on providing the best customer services. Dynasty joins a number of other fintech providers in recently announcing partnerships with Pontera.

About Dynasty Financial Partners

Dynasty Financial Partners is known for helping integrity advisors better serve their clients, run their businesses more profitably, grow faster and improve the enterprise value of their companies. 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 serve their clients’ needs and protect and grow their wealth. Dynasty supports independent advisors and their teams to be independent, but not alone, by creating exclusive community experiences and events. Dynasty also provides access to flexible capital solutions to help advisors expand, scale and grow their business. Dynasty’s core principle is “objectivity without compromise,” and the company is committed to developing solutions that enable investment advisors to act as true fiduciaries for their clients. More information at dynastyfinancialpartners.com.

About Pontera

Pontera (formerly FeeX) is a Fintech company on a mission to be the bridge to a better retirement for millions of Americans by enabling financial advisors to manage, trade and report on assets in custodial accounts, including 401(k)s , 403(). b)s, HSAs and more. The platform is designed to work with different account types and seamlessly integrate with existing technology to help advisors improve their clients’ financial outcomes. Founded in 2012 as FeeX, Pontera is headquartered in New York City. More information at Pontera.com.


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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!