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RIA service platform Dynasty Financial Partners has brought in longtime CNBC analyst Ron Insana as chief market strategist.
As Dynasty’s first market strategist, Insana will join the firm’s investment committee, helping shape portfolio strategies for some 50 RIAs on the platform, and provide insights and commentary with advisors and their clients. He will also serve as a spokesperson for the company on the economy, investing and other related topics.
“We are thrilled to have Ron Insana, a legend in the financial services industry and a pioneer of financial journalism, representing Dynasty and sharing his deep and varied investment experience in hopes to catalyze growth for our partner firms,” Dynasty CEO and co-founder Shirl Penney said in a statement.
Insana joins Dynasty following more than three decades with CNBC, beginning his broadcast news career with Financial News Network in the mid-1980s and joining CNBC as an anchor when it merged with FNN in 1991. He has spent the last 17 years as a senior analyst and regular freelance contributor for NBC news networks.
At FFN, Insana was nominated for a Golden ACE Award for his role in covering the 1987 stock market crash and his reporting for NBC on the 9/11 attacks in 2001, witnessed firsthand, earned him a nomination for news and documentary Emmy. His books include The Message of the Markets and Trend Watching: How to Avoid Wall Street’s Next Fads, Manias, and Bubbles. A regular speaker at industry events and financial news programs, he is also host of The Market Scoreboard Report, a syndicated radio show offering short daily market updates and top stories throughout the work week.
Insana tried his hand at asset management in 2006 when he opened Insana Capital Partners’ ‘Legends’ hedge fund, but it closed after two years due to losses.
In the new role, he will work with Chief Investment Officer Bob Shea to identify opportunities for investment portfolios on Dynasty’s investment platform, a turnkey asset management provider administering around $36 billion in client assets. He will also help to develop and leverage investment-related content to drive business development and counsel firm leadership on strategy, markets and growth.
“We are expanding our investment team as our assets grow,” said Dynasty Managing Director of Communications Sally Cates, noting that Insana will continue contributing to NBC.
Established in late 2010, Dynasty oversees around $75 billion in assets across three business segments. An integrated technology platform comprises 50 partner firms and more than 300 advisors with around $39 billion in managed assets, while the investment TAMP accounts for $36 billion. A new investment banking arm, Dynasty IB, was launched earlier this year to provide industry insight and financial flexibility for potential and existing partner firms.
Insana is joining Dynasty as it prepares for its annual Investors Forum for Dynasty advisors in Nashville this November. Themed ‘Hitting the Right Notes,’ the forum will feature speakers from iCapital, BlackRock, Halo Investing, AllianceBernstein, PIMCO and more.
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