Dispatch Scales to $9 Trillion in Assets, Appoints Inaugural Advisory Board

Dispatch, a New York-based data infrastructure firm, has established its first board of advisors to oversee a period of explosive growth in the wealth management sector. The move comes as the company scales its platform to automate the manual, error-prone back-office processes that typically hinder firm expansion.

The company's inaugural advisory board consists of four industry veterans: Bob Oros, former CEO of Hightower Advisors; Rajini Kodialam, co-founder and former COO of Focus Financial Partners; Stephen Langlois, who held executive leadership roles at Kestra Financial; and Sachin Shah, a fintech operator previously with the executive leadership team at 55ip. This strategic appointment coincides with a massive surge in platform adoption. According to data reported by InvestmentNews, the collective assets managed by firms utilizing Dispatch's platform grew from approximately $900 billion to more than $9 trillion over the past year.

The Infrastructure Gap

This growth arrives during a period of unprecedented volatility and movement within the wealth management industry. Reports indicate that between 11,000 and 39,000 advisors are expected to switch firms in 2025. This high level of advisor mobility, coupled with aggressive merger and acquisition activity among Registered Investment Advisor (RIA) aggregators, has left many firms struggling with a fragmented ecosystem of incompatible back-office systems.

Historically, these firms have relied on manual spreadsheets to manage account transitions and data reconciliation. Rob Nance, CEO of Dispatch, noted that transitions are among the most operationally complex workflows in the industry and that, until now, the sector lacked purpose-built software to manage them effectively.

Breaking the Scaling Ceiling

For many wealth management firms, growth has traditionally created an operational paradox: as a firm acquires more assets or advisors, it must linearly increase its operations headcount to manage the resulting data complexity. This creates a ceiling on how quickly a firm can scale without sacrificing efficiency or accuracy.

Bob Oros highlighted this systemic issue, stating that the historical model of asking operations teams to simply absorb more work and complexity is one that "simply doesn't scale." By providing purpose-built data infrastructure, Dispatch aims to decouple a firm's growth from its operational overhead, allowing firms to onboard new advisors and reconcile complex accounts without a proportional increase in staff.

Future Outlook

As the industry continues to consolidate, the demand for automated data pipelines is expected to rise. Market observers will be watching to see if Dispatch can maintain its current growth trajectory as it integrates more deeply into the workflows of the world's largest wealth managers. While the firm has demonstrated a capacity to handle trillions in assets, the next phase of its evolution will likely focus on whether its infrastructure can fully eliminate the reliance on manual data entry across the broader RIA landscape.