Sunday, December 11, 2022
HomeWealth ManagementDynasty Names Bob Shea New Chief Funding Strategist

Dynasty Names Bob Shea New Chief Funding Strategist


Dynasty Monetary Companions has employed Bob Shea, CEO and chief funding officer at FCF Advisors, as its new chief funding strategist, changing Joseph Dursi, former chief funding officer, who departed in June 2021 for J.P. Morgan. Dynasty launched Shea to advisors throughout its Buyers Discussion board 2022, held this week in Houston.

Joe D’Agostino has been serving as head of funding platform and product technique within the interim.

As a part of the appointment, Dynasty has additionally taken a minority stake in FCF Advisors, the New York-based boutique asset administration agency and index supplier Shea led. He’ll proceed to function CIO of FCF. 

“That funding is a sign to the market and to our community that we are going to be getting extra capabilities, extra sources, extra insights round investments and deepening our bench, our group,” stated Ed Swenson, Dynasty co-founder and chief working officer, who Shea experiences to.

FCF focuses on free money move analysis and funding methods. Shea started his profession at Goldman Sachs from 1991 to 2004. There, he served as accomplice and co-head of money fairness buying and selling.

In his new position with Dynasty, he’s main each the agency’s Funding Committee and funding supervisor choice. He is also tasked with setting up and sustaining their Outsourced Chief Funding Officer (OCIO) portfolios, offering top-down asset allocation insights, asset supervisor relations and collaborating within the funding committees of Dynasty’s purchasers.

“We now have mannequin portfolios and small account options that basically enable the advisor to dump a few of that work to our group” stated Swenson, of their OCIO providing.

Dynasty’s Funding Platform had over $32 billion in property below administration, as of the tip of the second quarter.

“About half the property throughout the Dynasty community are straight invested on our funding platform expertise,” stated Swenson.

That places them throughout the prime six turnkey asset administration packages (TAMPs) at the moment within the U.S., he stated.

“We’ve seen very nice progress on this a part of our agency,” stated Swenson.

Shea stated he a “fulcrum of thought era” in his new position.

“My 30 years of being an investor could be linked with constructing a really subtle and deep analysis community,” stated Shea. “With that concept having the ability to then go to our asset supervisor companions to ship one of the best options for our purchasers. I feel that may actually at the beginning convey a worth add to our community companions on the funding aspect. We now have entry to this unimaginable mental capital, and we plan on leveraging it.”

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