Dynasty Financial Partners, a company focused on the independent wealth-management movement, and Diamond Consultants, a well-known financial-advisor recruiting, consulting, and executive-search firm, unveiled the Breakaway Investment Banking Initiative recently. This new offering targets advisor teams with over US$1 billion in assets who are evaluating whether to transition to a W-2 model firm, launch an independent enterprise, merge with or sell to an existing registered investment advisor, or raise growth capital.
Under the initiative, Dynasty’s investment-banking arm will deploy its expertise in valuations, recapitalizations, and deal execution. Concurrently, Diamond brings its 25-year network of advisor teams, having facilitated over $400 billion in transitions involving $1 billion+ advisors, to offer strategic advisory and transition consulting.
The collaboration responds to a growing shift in the wealth-management landscape where large advisor teams face multiple strategic options and significant decisions. Instead of simply accepting a recruiting package from a wirehouse, these teams now evaluate comprehensive choices that include product-suite independence, recapitalisation with private-equity partners, or mergers with high-growth firms. The initiative is designed as a bespoke, purpose-built solution rather than an add-on to existing services.
KEY QUOTES:
“We see a growing need for investment banking services from large, sophisticated teams looking to evaluate their strategic options versus taking a recruiting check from a wirehouse or accepting a buy-out offer. Our mission is to empower independent RIAs and, as advisor teams become more advanced, we are uniquely positioned to help them professionalize, operationalize and de-risk their businesses sooner.”
Shirl Penney, Founder & Chief Executive Officer, Dynasty Financial Partners
“We built this offering because we saw a major gap in the market. Boutique investment banks are adept at helping RIAs with transactions, but no one was guiding elite advisor teams through the more fundamental decision of what they actually want to do next. Whether that’s transitioning to another W-2 firm, launching an independent enterprise, or exploring a sale or recapitalisation, our mission is to deliver objective, strategic advice across all paths—not just one. Together with Dynasty, we will help the industry’s elite advisors find the right place for their business and their clients to thrive.”
Louis Diamond, Chief Executive Officer, Diamond Consultants
