The move targets $3.7 trillion in potential alternative asset flows as RIAs expand private market allocations beyond 3% of portfolios.
Dynasty Financial Partners has selected Silicon Valley-based Allocate as its preferred private markets investment platform for its network of 725 financial advisors. The partnership aims to simplify access to alternative investments amid growing advisor interest driven by pending public offerings from companies like SpaceX and OpenAI.
Advisors currently allocate about 3% of client portfolios to alternatives, but industry projections suggest this could rise to 10%, representing $3.7 trillion in potential flows. Dynasty and Allocate have collaborated since 2022, with the new agreement elevating Allocate’s status as a curated option for advisors.
The platform allows advisors to either use pre-selected private market investments or create custom allocations for clients. Dynasty maintains partnerships with other alternative providers but will prioritize Allocate for product development and updates.