Dynasty Taps Schwab Veteran Tim Oden as Executive-in-Residence

Dynasty Financial Partners, a wealth management platform for independent firms, has tapped former Charles Schwab & Co. executive Tim Oden as an executive-in-residence.

Oden, an RIA specialist and former leader in Schwab Advisor Services, has been a freelance senior consultant since December after a 34-year career at Schwab, according to his LinkedIn profile.

His most recent role, for nearly 16 years, at the investment giant was managing director, business development, according to the profile, which shows he left the firm in October.

Dynasty created the executive-in-residence program to boost its offerings to advisors through the expertise of successful wealth management executives. Oden’s guidance and leadership experience over three decades in financial services will be integral to Dynasty’s expansion, the firm said.

“We are very pleased that Tim agreed to join us as a strategic advisor,” Shirl Penney, Dynasty Financial Partners founder and CEO, said. ”As an architect of the RIA space and one of its longest-tenured professionals, he will bring tremendous value to us as we navigate this fast-growing industry, and as we evaluate our overall Core Platform product strategy and delivery, among other key initiatives.”

Throughout his career, Oden amassed significant experience partnering with advisor teams, designing and implementing strategies and innovations, and pioneering new operating models, Dynasty noted, adding that he is passionate about mentoring, coaching and developing talent.

“When Shirl approached me about an opportunity to partner with Dynasty and help the team evaluate new strategies and business opportunities, I was keen to be involved,” Oden said.

“This is truly an extraordinary time in the wealth management industry; we have never seen more simultaneous change occurring and I look forward to the opportunity to work in a strategic realm with an individual I have had deep respect for since the early days of our careers,” he added.

Dynasty’s network comprises 52 firms representing 330 advisors, and the firm maintained over $88 billion on its core technology platform as of December. The firm grew more in 2023 that in any year in its 14-year history.

Pictured: Tim Oden