Dynasty Financial Partners Secures Funding from BlackRock, J.P. Morgan

Dynasty Financial Partners has secured minority investments from BlackRock and J.P. Morgan Asset Management, valuing the firm at approximately $800 million. The funding round, which closed on September 27, also included contributions from existing investors like Charles Schwab, as well as members of Dynasty’s board. CEO Shirl Penney stated that the capital will be used to enhance technology-enabled solutions and support clients in growth initiatives such as mergers and acquisitions. The investment highlights the growing prominence of the registered investment advisor (RIA) space, where Dynasty supports 58 network partner firms managing over $100 billion in assets. Dynasty's commitment to improving its platform and services aims to drive positive changes for financial advisors and their clients in the industry. This latest round reflects the confidence major financial players have in the innovative potential of Dynasty within the wealth management sector.