Dynasty Financial Partners has announced the successful closing of a minority capital round, backed by its community of stakeholders, including employees, clients, and partners, as well as several long-term investors and members of its Board of Directors. According to the firm, investors in the round include The Charles Schwab Corporation, BlackRock, J.P. Morgan Asset Management, Abry Partners, Glick Family Office, and Dynasty Chairman Harvey Golub, along with various clients. Fortress Investment Group LLC participated as a new investor. This marks the sixth capital round since Dynasty’s founding in 2010.
The funds raised in this round will be used to strengthen support for Dynasty’s network of partner firms, enabling them to better serve their clients. In particular, they will drive continued growth in talent and advanced AI-driven technology, facilitating the integration of Dynasty Desktop and Core Services; enhance the firm’s investment platform with a focus on private investments and its comprehensive Outsourced Chief Investment Officer (OCIO) services; provide additional growth capital to drive mergers and acquisitions within the network; expand Dynasty Investment Bank; and reinforce Dynasty’s strong balance sheet, positioning the firm to proactively capitalize on future opportunities.
“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 RIAs understand the power of outsourcing to grow their businesses, we are committed to ensuring they have every opportunity to build better firms while delivering exceptional care to their clients. We are investing in the best technology, talent, and resources, while strengthening our solid balance sheet to support our clients’ growth ambitions, whether through M&A or succession planning. I am deeply grateful to our investors, team members, industry partners, and clients who have supported us since Dynasty’s early days, making today’s announcement possible,” said Shirl Penney, Founder and CEO of Dynasty.
Dynasty’s network is primarily composed of clients who own and operate independent Registered Investment Advisors (RIAs). These RIAs typically hold majority ownership, control their own economics, own their ADV filings, and have the freedom to manage their client experience model. These clients leverage Dynasty’s integrated technology, services, robust Turnkey Asset Management Program (TAMP), digital lead-generation services, capital solutions, and investment bank.
This integrated RIA platform model provides synthetic scale, allowing RIAs supported by Dynasty to be “Independent, but not alone.” Currently, Dynasty has 58 partner firms in its network, representing over 500 advisors and managing more than $125 billion in platform assets.
In October 2024, Dynasty closed a minority capital round backed by several of its long-term investors and board members, along with three strategic investors, including existing investor The Charles Schwab Corporation and new investors BlackRock and J.P. Morgan Asset Management. While Dynasty currently carries no debt, the firm secured a $125 million corporate credit facility in 2025, backed by a syndicate of financial institutions including UMB Bank, N.A., Flagstar Bank, J.P. Morgan, Citibank, N.A., and Goldman Sachs Bank USA.
“This latest investment round reflects 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. Together with the other board members, I’m excited to continue supporting Shirl and the leadership team as they guide our growing network of independent advisors,” added Harvey Golub, Chairman of the Board at Dynasty.
