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June 3, 2019

Dynasty Financial Partners unveils new platform to facilitate M&A initiatives

Dynasty Financial Partners has rolled out a new platform that will support RIAs in their merger and acquisition (M&A) programmes.

Dubbed Dynasty Connect, the new offering will offer a range of initiatives including due diligence on the potential ally.

It will also offer guidance on deal negotiation and structure, capital solutions for the RIA, as well as oversee the integration process, among others.

The new platform will be run by Dynasty M&A director Joe Rizzo.

Commenting on the new proposition, Dynasty Financial Partners Ed Swenson said: “Dynasty Connect is one of the fastest growing segments of Dynasty.

“There is a perfect storm for RIAs seeking to acquire: an aging adviser population, breakaway advisers seeking independence without wanting to run an RIA, and the ability to make strategic deals that create a competitive advantage and unlock scale.

“In addition, more and more wirehouse advisers are choosing independence as the best way to exercise their succession plans and to maximise the economics of their life’s work – while at the same time being sure to not trap their junior partners and clients into an unpredictable financial situation going forward.”

At present, Dynasty Financial Partners works with 47 network firms that have over $35bn in assets.

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