Dynasty, Diamond Launch Breakaway Investment Banking Initiative
Dynasty Financial Partners and Diamond Consultants have joined forces to launch the Breakaway Investment Banking Initiative, a new platform designed to help top-tier wirehouse and broker-dealer advisor teams navigate the increasingly complex landscape of independence, mergers, and capital raising. Targeting teams managing $1 billion or more in client assets, the initiative offers a holistic approach for advisors evaluating whether to transition to independence, raise growth capital, move to another wirehouse or W2 model, or merge with or sell to an established registered investment advisor (RIA).
Described by both firms as the “first-of-its-kind” solution in the wealth management industry, the initiative merges Diamond Consultants’ deep advisory and recruiting experience with the capital markets and M&A expertise of Dynasty Investment Bank. While complementary to Dynasty’s broader wealth management ecosystem, the offering operates as a standalone platform tailored for elite advisor teams facing complex strategic and structural decisions.
“We see a growing need for investment banking services from large, sophisticated teams looking to evaluate their strategic options versus taking a recruiting check from a wirehouse or accepting a buyout offer,” said Shirl Penney, founder and CEO of Dynasty Financial Partners. “Our mission is to empower independent RIAs and, as advisor teams become more advanced, we are uniquely positioned to help them professionalize, operationalize, and de-risk their businesses sooner.”
Dynasty Investment Bank, launched in 2023, advised on 15 M&A and capital-raising deals in 2024. The division specializes in services for wealth and asset management firms, including transaction execution, valuations, capital raising, and succession planning.
Over the past decade, Diamond Consultants has guided more than $400 billion in transitioned assets, representing over 25% of all $1 billion+ advisor teams making a move in a given year. “We built this offering because we saw a major gap in the market,” said Louis Diamond, CEO of Diamond Consultants. “Boutique investment banks are adept at helping RIAs with transactions, but no one was guiding elite advisor teams through the more fundamental decision of what they want to do next.”
