One of St. Pete’s best homegrown success stories announced big news today. Facing a growing demand for services, Dynasty Financial Partners is launching Dynasty Investment Bank to offer advice for independent wealth management firms both inside and outside the Dynasty Network, as well as for other firms in need of independent and objective strategic advice in the wealth and asset management industry.
The move is a big one for Dynasty, and the new bank will offer a wide range of services for its clients, including expertise in mergers, acquisitions, sales and divestitures, as well as advice on strategic opportunities such as recapitalizations, strategic valuations and succession planning. Dynasty Investment Bank will also provide comprehensive RIA search and placement services, as well as M&A transition and integration.
As Dynasty offers this guidance, it will rely on team of experts it has assembled, including seasoned investment bankers, former private equity professionals, and former Wall Street executives who bring a deep well of experience in advising founders, CEOs and other C-suite professionals on M&A, capital structure optimization and succession. With their combined experience, the firm cumulatively has more than 100 years of professional experience and $25 billion-plus in transaction value.
“At Dynasty, we are facing substantial demand for M&A and investment banking services from advisors in our Network and outside our Network.” said Shirl Penney, CEO of Dynasty Financial Partners. “Whether a CEO desires to acquire an RIA or tuck-in a group of advisors, want to explore selling their business, or are seeking a valuation to understand the value of their equity, RIA management teams seek high quality and objective advice. With our deep expertise and years of experience working with hundreds of leading advisors, we are well-positioned to offer RIAs a wide range of investment banking capabilities in this ever-complicated market.”
And in fact, this wasn’t the only bit of good news for Dynasty today. Ernst & Young also announced that Shirl Penney, Dynasty Financial Partners CEO, was named an Entrepreneur Of The Year 2023 Florida Award finalist.
Entrepreneur Of The Year is the world’s most prestigious business awards program for entrepreneurs, and Penney’s recognition as a finalist is a high honor for him and the firm alike. The winner will be announced on June 8, and will then go on to compete for the national and global entrepreneur of the year awards.
As for the firm itself, they remain a St. Pete success story. Dynasty Financial Partners is a leading WealthTech firm, and is well known as the industry advocate for independent financial advisors, helping them succeed through powering their firms.
The company’s mission is to help advisors achieve their entrepreneurial dream of building a more successful enterprise defined by their ability to deliver high-quality, customized financial advice to their clients. Dynasty provides a variety of resources such as operations and billing, technology, marketing and compliance so the independent RIAs can focus on what matters most, their clients.