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June 11, 2019updated 12 Jun 2019 10:33am

Dynasty launches financing programme for breakaway advisers

Dynasty Financial Partners has unveiled a forgivable note programme for advisers looking to become independent.

Dubbed Freedom Note, the eight-year programme will enable advisers to secure loans based on a percentage of their revenue as they become independent RIAs (Registered Investment Advisors) with the support of Dynasty.

The amount can be paid back using part of the RIA’s revenue.

After repaying the note, advisers will be able to own the entire equity in their RIA.

Over the note term’s, RIAs can retain 65% of their revenue.

Dynasty will get the remaining 35% revenue as loan interest, regular principle servicing and access to its services.

“As an example, an adviser can choose to receive 100% of their trailing 12 month revenues in a Dynasty Freedom Note and during the loan period receive sixty-five-percent of their revenue,” Dynasty stated.

The development comes shortly after the launch of Dynasty Connect, a platform designed to support RIAs in their merger and acquisition efforts.

Dynasty chairman of the board Todd Thomson said: “One of Dynasty’s core values is to celebrate advisers as independent entrepreneurs while supporting their professionalisation and growth.

“Unlike other forgivable notes in the industry, once the Dynasty Freedom Note period ends, advisers own 100% of their profitability and their equity.

“Their clients are their clients, their business is their business.”



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