Julius Buchanan, Editor in Chief of Wealth Solutions Report, speaks with Harris Baltch, Managing Director and Co-Head of Investment Banking at Dynasty Investment Bank, about the growing range of capital structures available to RIA owners. Their discussion covers how firms can evaluate funding options in the context of growth, ownership transition and long-term control as independent wealth management businesses increase in scale and transaction complexity.
Baltch surveys the choices available to founders, including internally financed succession, bank debt, minority recapitalizations, full sales and structures that sit between debt and equity. He also examines how governance, equity rollover and the expected duration of an outside investor can shape a transaction, and introduces Dynasty’s Revenue Participation Interest as an alternative for firms reluctant to borrow or sell equity.
The conversation gives listeners a framework for understanding how capital decisions intersect with incentives, independence and an RIA’s stage of development.
This episode is sponsored by Ascentix Partners.
Wealth Solutions Report can be reached at info@wealthsolutionsreport.com.
