Milestone Achievement Underscores Firm’s
Unrelenting Growth, Incomparable Platform, and Superior
Service
Propelled by Dynasty Network Firms’ Strong
Organic Growth, Resilient Investment Platforms and Thriving M&A
Activity
Dynasty Financial Partners today announced that it has surpassed
$100 billion in platform assets. This milestone is a testament to
the quality and character of the 55 independent firms and over 400
advisors that comprise the Dynasty Network. With average assets
under management (AUM) per firm of $1.8 billion and average assets
per advisor of approximately $250mm, the Dynasty Network represents
some of the highest AUM-per-firm and assets-per-advisor ratios in
the industry.
Dynasty Financial Partners Founder and CEO Shirl Penney said:
“Dynasty continues to lead the way in positively disrupting the
centuries-old wealth management industry. Clearly our belief in the
Triangulation of AdviceTM (when financial advice is delivered
separately from where assets are custodied and separate again from
where financial products are manufactured and sold) resonates in an
industry that is ripe for change and we are proud to be the partner
of choice for financial advisors and their clients who are in
search of an integrated platform that powers their
independence.”
“It has been inspiring to see the rapid growth of the
independent advisor movement,” added Andrew Marsh, Dynasty Vice
Chairman. “We are proud to support those independent advisors that
are in search of enhanced Synthetic ScaleSM and superior operating
efficiencies for their firms. Dynasty’s Supported IndependenceTM
Model offers advisors the freedom to do what they believe is best
for their clients, while providing the resources and support to
grow their firms both organically and inorganically – potentially
in partnership with Dynasty Connect and the Dynasty Investment
Bank.”
Dynasty was launched in New York, NY, in December 2010 with a
singular mission to empower top advisors to experience the benefits
of independence for their clients, their teams, and themselves by
providing unparalleled client service, an industry-leading platform
and the most advanced offerings in the industry. Dynasty’s founding
mantra was Objectivity Without Compromise, and as the business
flourished, an increasing number of the nation’s most sophisticated
advisors turned to Dynasty as a trusted partner to build their
independent businesses without the conflicts inherent in the
traditional wealth management space. Dynasty believes that many of
the top advisors in the industry want to be Independent But Not
AloneTM; they want to benefit from a community that helps them
evolve from Advisor to CEOSM.
Growth in OCIO Offerings
Dynasty Financial Partners’ Outsourced Chief Investment Officer
offering has experienced significant growth and has been
well-received by advisors that see the benefit of outsourcing
investments and investment operations. Dynasty currently maintains
$49 billion on its Turnkey Asset Management Program and has been
named one of America’s Best TAMPs by The Wealth Advisor.
Additionally, this past year Dynasty launched its managed models
program called Dynasty Model Select, which has seen impressive
early adoption. The program is expected to surpass $7 billion in
assets under management by the end of the year.
The Debut of Dynasty Investment Bank
In May 2023, Dynasty became the only firm of its kind to launch
an investment bank dedicated to the RIA space. In just its first
year of formally operating as a distinct arm of Dynasty Financial
Partners, the investment bank has harnessed the unprecedented
M&A activity in the RIA space, advising on 18 M&A and
recruiting deals representing $21 billion in target assets under
management, including some deals in which Dynasty also invested
through one of its capital programs. With this new offering,
Dynasty empowers its Network Partners, as well as advisors and
firms outside of its Network, to be intentional about achieving
their corporate mission, long-term growth objectives and succession
plans on their own terms. Dynasty can help advisors raise debt and
equity; run recapitalizations; pursue acquisitions; execute sales;
and conduct valuations.
Enhanced Technology Platform
Dynasty continues to roll out a purpose-built, secure, and fully
integrated platform, providing advisors with a holistic 360-degree
view of the essential data, analytics, and insights they need to
efficiently manage and grow their businesses while seamlessly
connecting with clients. This new experience was developed at the
intersection of technology and transformation, harnessing the power
of data and automation to help Dynasty’s network of firms serve
their clients as never before. This new single pane of glass
streamlines the workday starting with an intuitive, feature-rich
dashboard, while the Dynasty Hub delivers seamless
navigation for one-stop access points across the technology stack.
Newly introduced capabilities in the Hub include Dynasty
ProtectSM, a tool developed to support customized, secure data
gathering from prospects and clients.
Supporting and Mentoring Women in Wealth Management
The Dynasty Women’s Network supports women in the wealth
management industry and inspires more to join. In an industry where
women account for barely 20% of a typical firm’s employees, Dynasty
is proudly 42% female, and committed to promoting women’s unique
and innate talent for advisory work. The firm organizes networking
and professional development events throughout the year.
Dynasty held its largest Partner Summit to date at the Auberge
Stanly Ranch in Napa, CA earlier this year, and plans to host its
annual Investors Forum later this year in its hometown of St.
Petersburg, FL. This will be the largest Investors Forum in the
firm’s history.
Dynasty Connect – Outsourced Front Office
Dynasty continues to accelerate investment into its newest
business line – Dynasty Connect. Dynasty Connect is an outsourced
front office and partnered growth engine for firms in the Dynasty
Network, dedicated to supporting both their organic and inorganic
growth efforts through the identification, qualification,
nurturing, and referral of high-quality prospects - both end
clients and advisors interested in joining Dynasty Network firms.
To the prospective end client or advisor, Dynasty Connect is a
concierge service dedicated to understanding their needs in finding
an advisor or advisory firm, providing education on the options
available to them, and making an informed connection to advisory
firms well-suited to meet their needs. Still a new and growing
offering, Dynasty Connect has referred over $500 million in
prospective AUM to date.
Dynasty Delta
In 2024, Dynasty collaborated with F2 Strategy to conduct an
in-depth analysis of the benefits of partnering with Dynasty as a
wealth tech solution. The findings highlight substantial
advantages, specifically that RIAs who partner with Dynasty have
30% lower headcount, twice the growth, and a 43% higher valuation
than the RIA industry average. Dynasty’s comprehensive platform not
only streamlines operations but also catalyzes robust business
growth. Furthermore, the research underscores the transformative
impact of technology in empowering advisory firms. The whitepaper
stands as a valuable resource for advisors navigating the path to
independence, offering strategic insights into technology
investments and operational frameworks.
“Now is an incredible time to be an independent financial
advisor,” continued Penney. “The perfect storm of demand (people
looking for independent financial advice) and supply (independent
advisors available to serve them) imbalance, the democratization of
advice, and the growth of the ecosystem supporting independent
advisors has resulted in a rapid professionalization of the space.
In the midst of all of this change, we see opportunity and Dynasty
is committed to helping financial advisors service their clients
better and build better businesses.”
About Dynasty
Dynasty is a provider of technology-enabled wealth management
solutions and business services for financial advisory firms
primarily focused on serving high net worth and ultra-high net
worth clients. Dynasty provides access to a comprehensive platform
of software and technology tools, business services, and holistic
investment management capabilities through an open-architecture
platform delivered via a suite of proprietary and third-party
technologies. Dynasty’s technology, tools, and services provide
advisory firms the supported independence to launch their business,
scale their operations, and grow their firms — both organically and
inorganically — while also allowing them to be more focused on and
better equipped to serve their clients.
For nearly a decade and a half, Dynasty has championed the
benefits of independent wealth management for high net worth and
ultra-high net worth clients and has contributed to the movement of
assets from traditional brokerage channels to the independent
channels of wealth management. A recognized industry leader,
Dynasty has differentiated itself by developing competitive
strengths, including a deep understanding of and strong
relationship with its clients; a comprehensive offering of services
and technology-enabled solutions; the ability to leverage its size
and breadth to invest; the flexibility and seamlessness enabled by
a modular technology solution; an entrepreneurial culture; and an
experienced and committed management team. Dynasty is committed to
continually growing its business by facilitating existing advisory
firm clients’ growth, onboarding new clients, increasing clients’
use of its broader capabilities, launching additional solutions,
and facilitating complementary acquisitions.
For more information, please visit
www.dynastyfinancialpartners.com.
To learn more about Dynasty Connect pls visit
https://dynastyfinancialpartners.com/investors/dynasty-connect/.
Also visit Dynasty on social media:
LinkedIn:
https://www.linkedin.com/company/dynasty-financial-partners
Twitter: @DynastyFP
Each TAMP included in America’s Best TAMPs 2023 is based on the
results of an independent survey of Wealth Advisor subscribers. The
survey was sent out on December 26th 2022 and was closed on
December 29th 2022. The survey uncovered advisor familiarity and
overall satisfaction covering three categories set for the 27 TAMP
solution providers nominated. Each TAMP provider paid the same
sponsorship fee to be listed in America’s Best TAMPs. The
sponsorship fee has no connection to the survey results. The fee
entitles providers to also receive marketing services from the
Wealth Advisor. Providers have no affiliation with the Wealth
Advisor.
Dynasty Financial Partners is a U.S. registered trademark of
Dynasty Financial Partners, LLC (“Dynasty”). Any investment
advisory services are offered through Dynasty Wealth Management,
LLC, (“DWM”), a registered investment adviser with the Securities
and Exchange Commission, and a subsidiary of Dynasty. Any security
related services are offered through Dynasty’s wholly owned
subsidiary Dynasty Securities LLC (“Dynasty Securities”), a U.S.
registered broker-dealer and member FINRA/SIPC.
Dynasty Connect is a service offered through Dynasty Wealth
Management, LLC, an SEC registered investment adviser and a wholly
owned subsidiary of Dynasty Financial Partners, LLC.
The content in this whitepaper is for informational purposes
only. Sources used are deemed to be reliable. The AUM CAGR and
payout percentages discussed in this whitepaper are based on
historical data and is not indicative of future results. It is
important for readers to understand the underlying methodology and
assumptions used.
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version on businesswire.com: https://www.businesswire.com/news/home/20240710169923/en/
Sally Cates sallycates@dynastyfinancialpartners.com
646-704-4500