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Shirl Penney

Industry Spotlight > Mergers and Acquisitions

Dynasty Launches Investment Bank

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Dynasty Financial Partners has formed Dynasty Investment Bank to provide services related to mergers and acquisitions in wealth management. The bank will provide buy-side and sell-side advice to independent advisory firms inside and outside the Dynasty Network, and for other firms in the wealth and asset management industry.

“At Dynasty, we are facing substantial demand for M&A and investment banking services from advisors in … and outside our network,” according to Dynasty CEO Shirl Penney.

For instance, a CEO might want to buy an RIA, Penney said, or an advisor group could be exploring a possible sale. Dynasty is “well-positioned to offer RIAs a wide range of investment banking capabilities in this ever-complicated market,” Penney explained.

Dynasty Investment Bank includes veteran investment bankers, private equity professionals and other Wall Street executives who have worked on M&As, capital structure improvements  and succession planning, Dynasty said in a news release.

“The headwinds of aging advisors, the valuation gap of succession and a higher interest rate combined with the influx of different capital providers and a multitude of business models will create a long runway for consolidation in the years to come,” said Harris Baltch, who heads Dynasty Investment Bank, in a statement.

Plus, Baltch explained, the independent wealth management industry “has accelerated its pace of consolidation and maturation over the last decade,” creating “significant opportunity to provide independent, objective advice to CEOs, management teams and investors to execute M&A from start to finish.” he added.

Over the past year, Dynasty has provided advice tied to some 15 deals, including Americana Partners’ tuck-in of a $700 million team from a wirehouse, the firm said.

(Pictured: Shirl Penney)


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