A Highly Sophisticated, First-of-its-Kind Offering Designed to Empower Top-Tier Advisors Through Every Strategic Path: Transitioning to a W-2 Firm, Launching an Independent Enterprise, Selling, Merging, or Raising Growth Capital
A Defining Moment in the Evolution of the Wealth Management Industry
Dynasty Financial Partners, a leading advocate of the independent wealth management movement, and Diamond Consultants, a premier financial advisor recruiting, consulting, and executive search firm, today proudly unveil a unique initiative for top-tier wirehouse and broker-dealer advisor teams across the United States. In a collaboration that only Dynasty’s and Diamond’s expertise and foresight can deliver, the Breakaway Investment Banking Initiative puts power into the hands of teams managing $1 billion+ in assets that are exploring options including transitioning to independence and raising growth capital; moving to a different wirehouse or W2 model; or merging with or selling to an established registered investment advisor (RIA).
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This concept, the first-of-its-kind in the wealth management industry, combines Diamond’s industry-leading advice with Dynasty Investment Bank’s premier capital raising and M&A advisory capabilities and unrivaled track record of empowering the most sophisticated advisor teams to break away into independence.
While complementary to Dynasty’s core platform and services, this initiative stands apart as a distinct, purpose-built solution for the industry’s most complex advisor teams.
This collaboration also addresses a powerful shift underway in the marketplace. Top advisor teams are now faced with more strategic choices and higher-stakes decisions than ever before. For the first time, many have the opportunity to unlock the full value of their businesses at the moment of transition by transacting with private equity sponsors, PE-backed RIAs, or a growing universe of sophisticated capital partners. That unprecedented optionality has created a new layer of complexity and uncertainty as teams weigh whether to accept a lucrative W-2 recruiting package, launch an independent enterprise, or pursue a liquidity event through a sale or strategic partnership.
Dynasty Investment Bank advised on 15 M&A and capital-raising deals in 2024, which included cross-border public company M&A, domestic sell-side transactions, strategic recapitalizations, valuations, and capital-raising mandates. Officially launched in 2023, Dynasty Investment Bank provides specialized services to both wealth management and asset management firms, including merger and acquisition advice and execution to both buyers and sellers, capital raising, valuations, and succession planning.
“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 Chief Executive Officer 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.”
The Breakaway Banking Initiative will take the wealth management space to the next level by combining Diamond’s 25-year-strong book of industry relationships with Dynasty’s RIA investment banking prowess. In addition to the core services, investment platform and strategic support for advisors of all sizes, this initiative provides unique support for the most complex advisor teams in the industry.
Over the last decade, Diamond has transitioned over $400 billion in assets under management—over 25% of all $1 billion+ transitioning advisors in a given year have historically been clients. The team has a deep network of connections encompassing hundreds of advisor teams and wealth management firms, allowing it to find the best partners for the industry’s most elite and successful advisors. Its proprietary process considers a variety of criteria to allow each client to make the best strategic decision for themselves, their business, and their clients, mindful that a wrong move could have massive ramifications.
According to Louis Diamond, Chief Executive Officer of Diamond Consultants: “We built this offering because we saw a major gap in the market. 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 actually want to do next. Whether that’s transitioning to another W-2 firm, launching an independent enterprise, or exploring a sale or recapitalization, our mission is to deliver objective, strategic advice across all paths—not just one. Together with Dynasty, we will help the industry’s elite advisors find the right place for their business and their clients to thrive.”
About Dynasty Financial Partners
For more than 15 years, Dynasty has championed the benefits of independent wealth management by providing access to an open-architecture platform of software and technology tools, business services, and holistic investment management capabilities delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools, and services provide advisory firms with Supported Independence® to better serve their clients as they launch, scale, and grow. Dynasty owns and operates one of the largest investment platforms in the RIA space offering a vast selection of investment solutions, as well as a leading investment bank dedicated to serving the asset and wealth management industry.
For more information, please visit dynastyfinancialpartners.com.
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About Dynasty Investment Bank
Dynasty Investment Bank is a leading investment bank dedicated to serving the asset and wealth management industry and is provided through Dynasty Securities, LLC, a broker-dealer, member FINRA/SIPC. Our Investment Bank specializes in buy-and sell-side M&A, succession planning strategies, strategic advisory services, valuations, and providing flexible capital solutions to help firms achieve their strategic objectives. As an affiliate of Dynasty Financial Partners, a premier wealth management technology middle and back-office service provider to over $120 billion in assets under administration across the US, our investment banking team leverages the synthetic scale to provide our clients with unique market perspectives and deliver high quality execution.
For more information, please visit www.dynastyinvestmentbank.com
About Diamond Consultants
Diamond Consultants is a nationally recognized recruiting and consulting firm that helps elite financial advisors find the right fit for their business and clients. More than just recruiters, the firm provides personalized, objective guidance and long-term partnerships with advisors. Founded on a relationship-driven model developed over decades, Diamond ensures advisors’ interests always come first—helping them make confident, informed decisions, whether they’re exploring options or choosing to stay put.
For more information, please visit www.diamond-consultants.com
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Disclosure: Dynasty’s wholly owned subsidiary Dynasty Securities LLC (“Dynasty Securities”) is a U.S. registered broker-dealer and member FINRA/SIPC. All security related transactions are through Dynasty Securities. Dynasty securities does not hold customer securities or customer funds. |
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Contacts
Media Contacts
Sally Cates
sallycates@dynastyfinancialpartners.com
646-704-4500
Caryl Felicetta
cfelicetta@diamond-consultants.com
732-887-9220
