Schwab, BlackRock, JPM Invest in Dynasty Financial Partners

Dynasty Financial Partners closed a minority private capital raise in a bid to grow its platform, the Florida-based RIA said in an October 8 press release. The size of the investment was not disclosed.

The investment round was backed by members of the firm’s board and included strategic investors Charles Schwab, BlackRock, and JP Morgan Asset Management, with the latter two representing new investors. Dynasty said proceeds from the investment will go directly into the business, while also noting that it has an untapped $50M credit facility with five banks available to further fund growth.

Dynasty’s own investment bank served as financial advisor on the transaction, while Sullivan & Cromwell LLP acted as legal advisor to Dynasty.

View the press release here: https://www.businesswire.com/news/home/20241008743980/en/Dynasty-Financial-Partners-Closes-Minority-Private-Capital-Raise