ST. PETERSBURG, Fla. – Dynasty Financial Partners announced the successful closure of a minority capital raise, supported by its community of stakeholders including employees, clients, resource partners, long-standing investors, and Board members. New investor Fortress Investment Group LLC participated alongside existing investors such as The Charles Schwab Corporation, BlackRock, J.
P. Morgan Asset Management, Abry Partners, Glick Family Office, and Dynasty Chairman Harvey Golub. This marks the sixth capital raise for Dynasty since its inception in 2010.
The proceeds from this investment round are designated to strengthen support for Dynasty’s network of partner firms, allowing them to better serve their clients. Key areas of investment include fostering talent and advancing AI-driven technology, which will facilitate the integration of Dynasty Desktop and Core Services. The firm also plans to enhance its investment platform, specifically focusing on private investments and its comprehensive Outsourced Chief Investment Officer (OCIO) services, provide additional growth capital for network mergers and acquisitions (M&A), expand Dynasty Investment Bank, and reinforce its balance sheet to capitalize on future opportunities.
Shirl Penney, Dynasty Founder and CEO, stated, “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.”
Dynasty’s network primarily comprises clients who own and operate independent registered investment advisors (RIAs). These RIAs typically maintain majority equity ownership, control their economics and ADVs, and have the flexibility to manage their client experience model. They utilize 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 what Dynasty refers to as “synthetic scale,” enabling Dynasty-powered RIAs to be “Independent But Not Alone®.” Currently, Dynasty supports 58 Network Partner firms, representing over 500 advisors and managing over $125 billion in platform assets.
In October 2024, Dynasty closed a separate minority capital raise, which was supported by several long-standing investors and Board members, alongside three strategic investors: existing investor The Charles Schwab Corporation and new investors BlackRock and J.
P. Morgan Asset Management. While Dynasty currently operates without debt, the firm secured a $125 million corporate credit facility in 2025, supported by a syndicate of financial services firms including UMB Bank, N.
A., Flagstar Bank, J.
P. Morgan, Citibank, N.
A., and Goldman Sachs Bank USA.
Harvey Golub, Dynasty Chairman of the Board, added, “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.”
Dynasty Investment Bank served as the exclusive financial advisor to Dynasty Financial Partners for this transaction, with Sullivan & Cromwell LLP providing legal counsel.
