Last updated: 03:35 / Friday, 21 January 2022
Up to 100 million dollars

Dynasty Financial Partners Files for IPO

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  • The firm seeks to raise up to $100 million
  • It is offering shares of Class A common stock, but it hasn't been priced yet
  • The RIA services platform intends to use any remaining net proceeds to facilitate the growth of its existing business and make strategic acquisitions of businesses that are complementary

Dynasty Financial Partners has filed for a public offering to raise up to $100 million, according to the document disclosed to the SEC. The firm is offering shares of Class A common stock, but it hasn't been priced yet.

"We intend to use a portion of the net proceeds of this offering to purchase common units of Dynasty Financial Partners, LLC from existing Dynasty Financial Partners, LLC unitholders, at a per-unit price equal to the per-share price paid by the underwriters for shares of the Class A common stock in this offering", reads the IPO document filed with the SEC.

The RIA services platform also intends to use any remaining net proceeds to facilitate the growth of its existing business, to make strategic acquisitions of businesses that are complementary "and for other general corporate purposes"

Dynasty highlighted that its revenues increased from $32.7 million in the nine months ended September 30, 2020 to $49.2 million in the nine months ended September 30, 2021, representing an increase of 50%. "Our net income was $10.6 million and $2.9 million in the nine months ended September 30, 2021 and 2020, respectively, an increase of 266%", the document reveals.

As of September 30, 2021, the Dynasty network includes 46 Network Partner Firms representing more than 292 financial advisors who maintain $64.6 billion in Billable AUA on the Dynasty platform, with an average AUA per advisor of $221 million. 

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