Dynasty Financial Partners has closed another minority capital raise, gaining funds from several investors, mounting on its goal of bolstering its partner firms and expanding its offerings. 

For Dynasty Financial’s latest capital raise, the RIA has received financial backing from investors including Charles Schwab, JP Morgan Asset Management, BlackRock, Abry Partners, Glick Family Office, and Dynasty’s chairman Harvey Golub. 

New York-based Fortress Investment Group, an alternative asset manager, has participated as a new investor and marks the sixth capital raise since Dynasty’s launch in 2010, the RIA said. 

However, it is unclear how much of the valuation is for the newest capital raise for Dynasty Financial. Prior to the RIA’s newest capital raise, its last funding happened in October 2024, which reportedly valued Dynasty at $800 million. 

The newest investment will go towards boosting Dynasty’s partner firms’ network and will also be used to drive growth in its talent development, AI-driven technology, OCIO support, boost M&A activity, and expand Dynasty’s investment bank division. 

“As more advisors recognize the benefits of being independent RIA advisors, and more RIA advisors realize the power in outsourcing to grow their businesses, we are committed to ensuring they have every opportunity to build better businesses while delivering remarkable care for their clients,” Shirl Penney, Dynasty Financial’s founder and CEO, said. “We are investing in the best technology, talent, and resources, while bolstering our fortress balance sheet to support our clients’ growth ambitions, whether through M&A or succession planning. 

Recently, Dynasty Financial closed a $125 million corporate credit facility, which received backing from UMB Bank N.A., Flagstar Bank N.A., J.P. Morgan Chase Bank, and Goldman Sachs Bank.  

The RIA aims to leverage the facility to accelerate development of proprietary services and make strategic investments through its capital strategies platform, designed to fuel growth across its network, Dynasty said. 

St. Petersburg, FL-based Dynasty Financial Partners oversees about $8.6 billion in client assets, according to its latest Form ADV updated in November. 

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