Dynasty Financial and Abacus Strike Equity Swap Deal 

Dynasty Financial Partners has embarked on an equity swap consensus with alternative asset manager Abacus Global Management. 

As part of the deal, Abacus Global Management has made a minority investment in Dynasty Financial, while Dynasty made a minority investment in Abacus Global Management. 

Under the equity agreement, Abacus has become a member of the network of owners and operators of independent firms using Dynasty Financial’s technology, services, turnkey asset management program, digital lead generation services, capital solutions, and investment bank, the firm said. 

Since launching its equity swap program, Dynasty Financial has entered into agreements with several firms. In October, BlackRock and J.P. Morgan Asset Management took minority stakes in Dynasty Financial, with a valuation of approximately $800 million. In 2022, the firm also sold minority investments to asset manager Charles Schwab and private equity firm Abry Partners. 

“We are proud to align our business with a proven platform like Dynasty,” said Jay Jackson, CEO and chairman of Abacus, said. “With the ongoing support, expertise, and partnership of Dynasty Financial Partners, our business has the firepower it needs to reach the next level.” 

Abacus Global Management, which has been a Dynasty partner firm since 2023, rebranded from Abacus Life in March. It also has a wealth management unit, Abacus Wealth Advisors, which was formerly known as ABL Wealth.  

Abacus Wealth Advisors, which launched in 2023, is backed by Dynasty, works with the firm to receive various support services, including Dynasty’s Practice Management, Marketing, Technology, Compliance, and TAMP/Investments. 

While Dynasty Financial grants firms the opportunity to sell a minority share of their common equity, the firm still gains control of its governance rights and a client repurchase condition.