The offering is steered at "top-tier wirehouse and broker-dealer advisor teams" that are, for example, exploring the option of going independent, changing business models, and more, Dynasty Financial Partners said.

Dynasty Financial Partners, which recently wrapped up a $125 million corporate credit facility, has unveiled a “Breakaway Investment Banking Initiative.”

The Florida-headquartered group is partnering with Diamond Consultants to unveil the initiative, which is aimed at “top-tier wirehouse and broker-dealer advisor teams” in the US. 

The offering “puts power into the hands of teams managing $1 billion+ in assets that are exploring options including transitioning to independence and raising growth capital; moving to a different wirehouse or W2 model; or merging with or selling to an established registered investment advisor,” Dynasty said in a statement yesterday. (The “W2 model” describes financial advisors who are salaried employees of a firm, in contrast to the traditional “1099 model” where advisors operate as independent contractors.)

Dynasty said the initiative addresses a major shift in the wealth management market. 

“Top advisor teams are now faced with more strategic choices and higher-stakes decisions than ever before,” the firm said. “For the first time, many have the opportunity to unlock the full value of their businesses at the moment of transition by transacting with private equity sponsors, private equity-backed RIAs, or a growing universe of sophisticated capital partners.”

Dynasty's investment banking strategy has developed for some time, launching this business in May 2023. Family Wealth Report spoke to Sam Anderson, co-head of Dynasty Investment Bank, a unit in the Dynasty group, in a recent call. 

Complexities rise
The wide range of options facing advisors create more uncertainty and complexity, Dynasty continued. 

“We see a growing need for investment banking services from large, sophisticated teams looking to evaluate their strategic options versus taking a recruiting check from a wirehouse or accepting a buyout offer,” Shirl Penney (main picture), founder and CEO of Dynasty Financial Partners, said. 

Dynasty Investment Bank advised on 15 M&A and capital-raising deals in 2024, which included cross-border public company M&A, domestic sell-side transactions, strategic recapitalizations, valuations, and capital-raising mandates. The firm officially launched its investment bank in 2023.