The new credit facility is being supported by a syndicate of firms including JP Morgan and Goldman Sachs.

Dynasty Financial Partners, a US wealth management group recently interviewed by Family Wealth Report, this week said it has wrapped up a $125 million corporate credit facility. 

The facility has been supported by a syndicate of financial services firms including UMB Bank, Flagstar Bank, JP Morgan Chase Bank, and Goldman Sachs Bank USA.

It marks Dynasty’s third commitment from UMB and its second from JP Morgan and Goldman Sachs. Flagstar is a new lender for Dynasty.

"The dry powder that these top-tier institutions have provided will enable us to continue developing our competitive strengths and comprehensive offering for the better of the wealth management industry,” Dynasty chief financial officer Justin Weinkle said. 

Dynasty will use the new credit facility to ramp up its development of proprietary services, adding to other strategic investments through its Capital Strategies offering. The facility is a mix of a revolving and a delayed draw term loan. 

Among recent developments, In August, Dynasty agreed with Abacus Global Management to make minority investments in each other. 

St Petersburg, Florida-headquartered Dynasty has 55 network partner firms representing more than 500 advisors and over $120 billion in platform assets.