Dynasty Financial Partners announced the closing of a $125 million corporate credit facility supported by a syndicate of financial services firms including UMB Bank, Flagstar Bank, J.P. Morgan Chase Bank, and Goldman Sachs Bank USA. It marks Dynasty’s third commitment from UMB and its second from J.P. Morgan and Goldman Sachs. The firm is pleased to count Flagstar as a new lender backing its growth plans.
With 55 Network Partner firms representing over 500 advisors and over $120 billion in platform assets, Dynasty is one of the top liberators in the wealth management industry, helping advisors gain their independence while supporting them with tools to better grow their businesses and take better care of their clients. Dynasty’s network consists mostly of clients who own and operate independent registered investment advisories (RIAs) that leverage Dynasty’s integrated technology, services, robust turnkey asset management program (TAMP), digital lead generation services, capital solutions, and investment bank. This industry-leading, integrated RIA platform model provides synthetic scale and allows Dynasty-powered RIAs to be Independent But Not Alone®.
Dynasty will utilize the new credit facility to ramp up its development of proprietary services, in addition to other strategic investments through its Capital Strategies offering fueling the growth of its Network.
The new undrawn facility, a combination of a revolving and a delayed draw term loan, enhances Dynasty’s fortress balance sheet standing of significant unencumbered cash and no outstanding debt.
According to Dynasty's Chief Financial Officer, Justin Weinkle: “This facility signifies the market’s continued belief in our disciplined approach to innovation and our commitment to equipping independent firms with the ability to achieve outsized growth and build client trust. The dry powder that these top-tier institutions have provided will enable us to continue developing our competitive strengths and comprehensive offering for the better of the wealth management industry.”