Dynasty Financial Partners announced it has closed a minority capital raise, backed by a broad group of stakeholders, including employees, clients, and resource partners, as well as several long-standing investors and members of its board. The investor group includes The Charles Schwab Corporation, BlackRock, J.P. Morgan Asset Management, Abry Partners, Glick Family Office, and Dynasty Chairman Harvey Golub, as well as various clients. Fortress Investment Group participated as a new investor. Dynasty said the transaction represents its sixth capital raise since the firm’s founding in 2010.
The company said it plans to use proceeds to expand support for its network of partner firms and accelerate growth initiatives across talent and AI-driven technology, including deeper integration of Dynasty Desktop and Core Services. Dynasty also said it intends to enhance its investment platform with an emphasis on private investments and its outsourced chief investment officer (OCIO) offering, provide additional growth capital to support network M&A, expand Dynasty Investment Bank, and strengthen what it described as its fortress balance sheet to pursue future opportunities.
Dynasty operates an integrated, technology-enabled platform that primarily serves independent registered investment advisors. The firm said its network includes 58 partner firms representing more than 500 advisors and over $125 billion in platform assets. Dynasty positions its model as providing scale through a combination of technology, business services, a turnkey asset management program, digital lead generation capabilities, capital solutions, and investment banking support, while allowing advisory firms to retain control over their equity, economics, and client experience.
The announcement follows an October 2024 minority capital raise that included strategic participation from The Charles Schwab Corporation, BlackRock, and J.P. Morgan Asset Management. Dynasty said it currently has no debt, and noted that it secured a $125 million corporate credit facility in 2025 supported by a syndicate that included UMB Bank, N.A., Flagstar Bank, J.P. Morgan, Citibank, N.A., and Goldman Sachs Bank USA.
Support: Dynasty Investment Bank served as the exclusive financial advisor to Dynasty Financial Partners on the transaction, and Sullivan & Cromwell served as the legal advisor.
KEY QUOTES
“The future is bright for Dynasty and our network of independent advisors, thanks to the remarkable alignment within our ecosystem, as reflected in this investment round.”
“As more advisors recognize the benefits of being independent RIA advisors, and more RIA advisors realize the power in outsourcing to grow their businesses, we are committed to ensuring they have every opportunity to build better businesses while delivering remarkable care for their clients. We are investing in the best technology, talent, and resources, while bolstering our fortress balance sheet to support our clients’ growth ambitions, whether through M&A or succession planning. I am immensely grateful to our investors, team members, industry partners, and clients who have supported us since Dynasty’s early days, making today’s announcement possible.”
Shirl Penney, Founder and Chief Executive Officer, Dynasty Financial Partners
“This most recent investment round signals the incredible momentum of the independent movement within the financial advisory industry. The growth of the RIA space is driving positive change for advisors and their clients. Along with our other Board members, I am excited to continue supporting Shirl and the leadership team as they guide our expanding network of independent advisors.”
Harvey Golub, Chairman of the Board, Dynasty Financial Partners
