Dynasty Adds BlackRock, JPMorgan as Strategic Investors

Dynasty Financial Partners said Tuesday that it closed a minority capital round from three strategic investors, including existing investor The Charles Schwab Corp. and new investors BlackRock and J.P. Morgan Asset Management.

Several of Dynasty’s long-standing investors and members of its board of directors supported the round.

“This investment round marks a significant milestone,” said Dynasty CEO and Founder Shirl Penney, in a statement.

“I could not be more excited for our clients as we continue to make significant investments in technology, talent, and capabilities to serve them better,” Penney said. “In addition, enhancing our fortress balance sheet will allow us to provide more capital in support of our clients who are looking to grow their businesses via M&A or achieve succession planning goals.”

Penney said he was “extremely thankful to our investors who have supported us since the early days of Dynasty, and I also want to thank BlackRock, Schwab, and JPMorgan for their support.”

Dynasty’s network consists mostly of clients who own and operate independent registered investment advisory firms that leverage Dynasty’s integrated technology, services, turnkey asset management program (TAMP), digital lead generation services, capital solutions, and investment bank, Dynasty said.

Currently, Dynasty has 58 network partner firms representing over 400 advisors with over $100 billion in platform assets.

As previously announced, “Dynasty has a $50 million unused credit facility from Citibank, Goldman Sachs Bank, J.P. Morgan, RBC Capital Markets, and UMB Bank that provides access to growth capital, in addition to its strong balance sheet,” the firm said.

Pictured: Shirl Penney, CEO, Dynasty Financial Partners