Dynasty Financial Partners, a prominent player in the FinTech sector, has successfully closed a minority capital raise aimed at accelerating its growth trajectory.
Several long-standing investors and board members participated in this round, alongside strategic investors such as The Charles Schwab Corporation, BlackRock, and J.P. Morgan Asset Management.
The company has raised substantial funds to enhance its platform, which provides comprehensive support to clients striving to build more effective businesses and deliver superior client care.
Dynasty Financial Partners is known for offering a full suite of services including integrated technology solutions, robust turnkey asset management programs (TAMP), digital lead generation, capital solutions, and investment banking tailored to the unique needs of independent registered investment advisories (RIAs).
The newly secured capital will be channelled into technology upgrades and expansion of talent and capabilities. This investment will also strengthen Dynasty’s balance sheet, providing additional capital to support client growth through mergers and acquisitions and succession planning.
Dynasty CEO and Founder, Shirl Penney, expressed enthusiasm about the future prospects, stating, “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!”
In the backdrop of this funding round, Dynasty maintains a $50m unused credit facility with prestigious institutions like Citibank, Goldman Sachs Bank, J.P. Morgan, RBC Capital Markets, and UMB Bank, further securing access to growth capital.
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