$6.4B SageSpring Leaves RayJay for Dynasty Platform

Franklin, TN-based SageSpring Wealth Partners is making a move to full independence, with the $6.4B RIA saying it has dropped its affiliation with Raymond James in favor of joining Dynasty Financial Partners’ independent advisor platform.

Founded in 2002, SageSpring operates 45 advisor teams out of nine offices across Tennessee, Alabama, Texas, Nebraska, and Iowa. The firm had reportedly been in talks with Dynasty about a switch since April of last year.

In a statement announcing the move, SageSpring said it intends to continue to grow organically and expand its offerings to include multifamily office services. The firm was formerly known as Southwestern Investment Group, rebranding to SageSpring in 2022. It is backed by serial RIA investor Merchant Investment Management, which will maintain its minority interest in SageSpring following the move.

Dynasty oversees a network of 50 firms and more than 500 advisors, with over $105B in client assets on the platform.