Tim Oden, a former managing director of business development at Schwab Advisor Services, has joined Dynasty Financial Partners as principal in residence through 2024. Oden left Schwab late last year after more than 30 years at the company .
Dynasty launched the executive-in-residence program last year as part of its Advisor-to-CEO program, which tailors content and coaching to CEOs at the RIAs in its network. Andrew Marsh, co-founder of Richardson Wealth, a Canadian wealth management firm that went public in 2020, was the first executive residence of the dynasty. Last September, Marsh was appointed The first vice president of the dynasty.
The firm's goal is for Oden to build on its expertise in implementing strategies and pioneering new operating models and innovations to help CEOs in its network manage their businesses.
“As an architect of the RIA space and one of its longest-serving professionals, he will bring us tremendous value as we navigate this fast-growing industry and as we evaluate the overall strategy and product delivery of the Core Platform, among other key initiatives,” Dynasty CEO and founder Shirl Penney said in a statement. “Tim has been a good friend and confidant for years, so I know his advice will have an impact on the future of our business and network.”
Dynasty, now in its 14th year, currently has 52 network RIAs with 330 advisors and over $88 billion on its core technology platform.
Dynasty presented a initial public offering in early 2021 and withdrew his S-1 registration at the end of 2022 when Charles Schwab and private equity firm Abry Partners took a minority stake in the firm.