Dynasty Financial Partners Closes Minority Private Capital Raise
Dynasty CEO and Founder Shirl Penney said: “I could not be more excited for our clients as we continue to make significant investments in technology, talent, and capabilities to serve them better. In addition, enhancing our fortress balance sheet will allow us to provide more capital in support of our clients who are looking to grow their businesses via M&A or achieve succession planning goals. I am extremely thankful to our investors who have supported us since the early days of Dynasty, and I also want to thank BlackRock, Schwab, and JPMorgan for their support. The future is bright for Dynasty and our network of independent advisors!”
Dynasty’s network consists mostly of clients who own and operate independent registered investment advisories (RIAs) that leverage Dynasty’s integrated technology, services, robust turnkey asset management program (TAMP), digital lead generation services, capital solutions, and investment bank. This industry-leading, integrated RIA platform model provides synthetic scale that allows Dynasty-powered RIAs to be Independent But Not Alone™. Currently, Dynasty has 58 Network Partner firms representing over 400 advisors with over
As previously announced, Dynasty has a
“This investment round marks a significant milestone,” added Dynasty Chairman of the Board Harvey Golub. “To have backing and support from a roster that includes one of the largest custodians, asset managers, and banks in the world is fantastic. I feel it speaks to the remarkable growth of the RIA space and innovative companies like Dynasty who are driving positive change in the industry for financial advisors and their clients. I, along with other legacy Board members, are excited to continue to back Shirl and the leadership team as they support our growing network of independent advisors.”
Dynasty Investment Bank served as exclusive financial advisor to Dynasty Financial Partners on the transaction. Sullivan & Cromwell LLP served as the legal advisor to Dynasty Financial Partners.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 35.9 million active brokerage accounts, 5.4 million workplace plan participant accounts, 1.9 million banking accounts, and
About Dynasty Financial Partners
Dynasty Financial Partners is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients.
For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions, and facilitating out complementary acquisitions.
For more information, please visit www.dynastyfinancialpartners.com.
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Sally Cates
sallycates@dynastyfinancialpartners.com
646-704-4500
Source: Dynasty Financial Partners