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."
