Dynasty Financial Partners has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering that aims to raise $100 million for the RIA aggregator, asset management platform and service provider.
It plans to list on the Nasdaq under the symbol DSTY.
Goldman Sachs, JPMorgan, Citigroup and RBC Capital Markets are set to serve as the IPO’s underwriters, and no pricing terms were disclosed.
The firm, led by Shirl Penney and based in St. Petersburg, Florida, was founded in 2010 and has about $63 million in revenue for the 12 months ended Sept. 30, 2021, according to Renaissance Capital.
Its network currently includes about 45 RIAs with close to 300 financial advisors and $65 billion in client assets.