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Deals Of The Day: The Latest In Wealth Management M&A – Dynasty, Abacus, Steward
Editorial Staff
13 August 2025
Dynasty, Abacus The financial terms of the deal were not disclosed.
Dynasty Financial Partners and Abacus Global Management have made minority investments in each other, the firms – both based in Florida – said yesterday.
Abacus is a member of the network of owners and operators of independent firms that use Dynasty’s services and technology, such as its turnkey asset management program. Dynasty has 57 network partner firms and more than $105 billion in platform assets.
“Our investment in Abacus illustrates our confidence in their business model, the strength of their balance sheet, and the commitment of Jay and the team to continue building out their wealth business,” Shirl Penney, founder and CEO of Dynasty, said.
Dynasty said that firms engaged in such minority right deals will not give up business control.
The financial sizes of these minority stakes weren’t disclosed.
Steward Partners
Steward Partners had acquired Longbridge Wealth Advisors, adding $481 million in assets to Steward Partners' platform in its Legacy Division.
Through the acquisition, Steward Partners will deepen its reach in Ohio with a new foothold in North Canton. Longbridge is led by partners Jack Elgin and Neven Zelich, with a total of 10 people in the group.