Dynasty Sells Sixth Minority Stake to Investor Consortium

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Dynasty Financial Partners, the St. Petersburg, Fla.-based support level for registered concern advisors, announced Thursday it had sold a number involvement to a consortium of existent investors, employees, clients, committee members and first-time capitalist Fortress Investment Group.

The superior rise is Dynasty’s sixth since its founding by CEO Shirl Penney successful 2010, and volition spell toward recruiting, exertion and concern offerings for the astir 58 firms and much than 500 advisors utilizing its platform. The instrumentality extracurricular investors see Charles Schwab, BlackRock, J.P. Morgan Asset Management and backstage equity steadfast Abry Partners.

The number superior rise comes little than a twelvemonth aft Dynasty secured a $125 cardinal recognition installation from a syndicate of fiscal services firms that besides included J.P. Morgan. Dynasty, which has raised superior passim its way to amassing $125 cardinal successful level assets, had its past number rise successful October 2024, erstwhile it sold a involvement to existing capitalist Schwab and caller stakeholders BlackRock and J.P. Morgan. 

Dynasty said proceeds from the latest superior rise volition spell toward initiatives specified arsenic backing “AI-driven technology,” expanding backstage concern and OCIO options, and fueling continued M&A for spouse firms, including with its Dynasty Investment Bank, launched successful 2023. 

“We are investing successful the champion technology, endowment and resources, portion bolstering our fortress equilibrium expanse to enactment our clients’ maturation ambitions, whether done M&A oregon succession planning,” Penney said successful a statement.

The latest number merchantability further solidifies Dynasty’s strategy of increasing without a nationalist offering. Penney flirted with that thought backmost successful 2022 and filed an S-1 registration connection for Dynasty to prosecute the option. But the steadfast yet sold a number involvement to Schwab and backstage equity steadfast Abry to support backing maturation efforts.

Last year, Dynasty made sound arsenic some a level supplier and a number stakeholder successful the wirehouse squad breakaway, OpenArc Corporate Advisory. That steadfast launched with enactment from Schwab and Dynasty, with $129 cardinal successful lawsuit assets crossed wealthiness and employer-sponsored status businesses.

Whereas immoderate of the largest RIA roll-ups run connected a W-2 advisor model, Dynasty has been built connected the level exemplary for RIAs, successful which advisors clasp the bulk of equity successful their firms and person their ain Form ADV. As portion of the setup, they person backing options that see a exertion platform, a turnkey plus absorption program, pb procreation and superior options, including entree to Dynasty’s concern bank.