Dynasty Financial Partners and Allocate Partner

Allocate, a digital investment platform that provides investors a streamlined way to access venture funds and co-investments, today announced a partnership with Dynasty Financial Partners, a provider of back and middle-office outsourced solutions for registered investment advisors (RIAs). The partnership will provide Dynasty network partner RIAs with a digital solution that will give them the ability to invest in venture capital funds on behalf of their clients.

“Venture capital has increasingly been an appealing investment opportunity for independent financial advisors to offer their high net worth clients,” said Ed Swenson, Co-Founder & COO of Dynasty Financial Partners. “We are thrilled to partner with Allocate to open up access to the private innovation economy for our Network advisors and their private wealth clients without the friction points of high minimums and the burden of having to do their own diligence and discovery.”

Launched in late 2021, Allocate is an end-to-end platform that provides qualified investors with a streamlined way to discover, access, and manage venture capital fund manager strategies. The platform is specifically designed for advisors to easily implement private technology-focused products without the normal friction points that exist in the sector.

“Dynasty believes that the venture firms get their pick of high-quality deals, partner with their choice of founders, and help these founders work to build successful businesses. Unfortunately, access has been limited at best for other non-institutional accredited investors,” said Carter Reum, co-founder of venture firm M13 and Allocate investor. “We believe the venture market is overdue for innovation and are thrilled that the Dynasty-Allocate partnership will widen access to venture managers, while also lessening the administrative burden for those venture GPs attracting capital.”

Allocate’s platform works by automating product discovery, KYC and AML, subscription documents, capital calls, and investment management. As the platform aggregates investor capital into Allocate feeder vehicles, investors can invest in venture opportunities at low minimums with the purchasing power of institutional investors, enabling them to build venture diversified portfolios.

“Dynasty Financial is one of the pre-eminent wealth-tech platforms in the world with nearly $70B managed by the wealth advisory firms in the Dynasty network,” said Samir Kaji, CEO of Allocate. “Their network of RIAs will have a unique opportunity with this new access to the ever growing and exciting private innovation economy.”

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