Dynasty Financial Partners on Thursday announced the closure of its sixth capital raise.
The latest minority capital raise was supported by Dynasty stakeholders including its employees, some clients, resource partners, Dynasty Chairman Harvey Golub and other members of its board of directors, as well as existing investors BlackRock, Charles Schwab, J.P. Morgan Asset Management, Abry Partners and Glick Family Office, Dynasty said.
The only new investor in the latest capital raise was Fortress Investment Group, the firm stated.
It said proceeds from this investment round will be used to support growth in talent and AI-driven technology, help integrate its Dynasty Desktop platform with its core services, enhance the firm’s investment platform with a focus on private investments and its outsourced chief investment officer (OCIO) services, support network M&A, expand Dynasty Investment Bank and strengthen Dynasty’s balance sheet.
Shirl Penney, Dynasty CEO and Founder, said, “As more advisors recognize the benefits of being independent RIA advisors, and more RIA advisors realize the power in outsourcing to grow their businesses, we are committed to ensuring they have every opportunity to build better businesses while delivering remarkable care for their clients.”
He added, “We are investing in the best technology, talent, and resources, while bolstering our fortress balance sheet to support our clients’ growth ambitions, whether through M&A or succession planning.”
“We are investing in the best technology, talent, and resources, while bolstering our fortress balance sheet to support our clients’ growth ambitions, whether through M&A or succession planning.” – Shirl Penney, Dynasty CEO and Founder
Dynasty pointed out that its network primarily consists of clients who own and operate independent RIAs. Dynasty said it has 58 network partner firms representing more than 500 advisors with over $125 billion in platform assets.
Prior investment rounds included one that closed in October 2024.
Dynasty currently has no debt, it said. But the firm secured a $125 million corporate credit facility, announced in October 2025, that was supported by firms including Citibank; Flagstar Bank; Goldman Sachs, J.P. Morgan and UMB Bank.
“This most recent investment round signals the incredible momentum of the independent movement within the financial advisory industry,” according to Golub.
“The growth of the RIA space is driving positive change for advisors and their clients.”
He added, “Along with our other Board members, I am excited to continue supporting Shirl and the leadership team as they guide our expanding network of independent advisors.”
Dynasty Investment Bank served as financial advisor to Dynasty Financial Partners on the transaction, while Sullivan & Cromwell was its legal advisor.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
