NEW YORK--(BUSINESS WIRE)--Dynasty Financial Partners is proud to announce that the firm has won the 2018 Private Asset Management Magazine Award for Best New Product for High-Net-Worth Advisory for one of its innovative RIA liquidity offerings: Dynasty Capital Strategies Revenue Participation Note (RPN).
Dynasty Financial Partners is an RIA integrated middle and back office platform for many of the leading financial advisors in the U.S.
The Private Asset Management Awards recognize high performing investment firms and wealth advisors operating within the private asset management industry. The PAM Awards are a much sought-after industry accolade, and Dynasty has now won seven PAM Awards since 2012.
Dynasty received the Best New Product for High-Net-Worth Advisory Award at the Private Asset Management Magazine Award ceremony on February 8th, 2018 in New York City.
“We are delighted to be recognized for our outstanding new financing and liquidity capabilities for RIAs,” said Dynasty’s President and CEO Shirl Penney. “Dynasty has seen significant momentum since the launch of Dynasty Capital Strategies, an innovative financing arm of Dynasty that helps independent advisory firms expand, scale and grow their businesses, and have seen great support for our Revenue Participation Note program since adding it to the menu of options inside Dynasty Capital Strategies. I also thank our Client Advisory Board for their support in helping us design the program.”
When an independent firm is powered by Dynasty, the advisors continue to own and operate their business while having access to the scale, intellectual capital, financing, practice management, proprietary desktop technology and advisory community of a much larger firm and network. The RIAs can leverage Dynasty’s staff, which allows them to save on their own staff expenses and frees up time to focus on growth. The result is often a more scaled RIA business that is able to grow faster and achieve higher margins.
Through Dynasty Capital Strategies, Dynasty has been providing loans to RIAs over the past seven years, with nearly half of Dynasty’s advisor clients leveraging the programs for launching their firm, acquisition capital, diversification, or to fund succession planning. In 2017, Dynasty added the RPN program – allowing RIAs to sell a piece of their revenue to Dynasty to provide liquidity to principles without giving up controls in their business and while maintaining majority of firm profits and having the flexibility to decide on their own whether or not the financing be permanent. Collectively, the debt and RPN programs make Dynasty Capital Strategies a unique capital source provider to RIAs – helping to power their growth, diversification and succession needs.
“Dynasty has become a destination for RIAs looking for a growth partner to help them take their business to the next level,” said Ed Swenson, Dynasty’s COO, who manages Dynasty Capital Strategies. “We are excited to see so many legacy RIAs coming to us to help them rapidly professionalize, scale, technology enable and increase the enterprise value of their RIA. The expansion of Dynasty Capital Strategies with the RPN is a natural enhancement of our services for our maturing and growing advisory network. Thank you to Private Asset Management for this wonderful recognition.”
“We continue to see strong interest in the marketplace for our RPN and capital programs due to its flexible and friendly characteristics and its unique position in the capital structure for RIAs,” said Amit Grover, Director of Dynasty Capital Strategies. “We are excited to help even more RIAs and their principals meet their capital needs as part of Dynasty’s integrated platform solution set for the industries top RIAs.”
Dynasty Financial Partners has won the following other PAM Awards since 2012:
- 2012 – Best Newcomer Advisory Consulting
- 2013 – Private Client Investment Platform – Innovation
- 2014 – Private Client Investment Platform – Innovation
- 2015 – Private Client Investment Platform – Innovation
- 2016 – Best Outsourced CIO Solution
- 2017 - Best Investment Platform: Client Service
The PAM Awards: The PAM Awards (“PAMA”) are awarded annually by Private Asset Management, a financial services industry trade publication. PAMA invites firms to compete for awards in several categories by providing answers regarding their business model, services offered, growth in client count and assets managed, countries of operation, service innovation, and performance. In addition, PAMA permits firms to provide additional information of their choosing in support of their candidacy. A panel of independent industry experts selects the nominees and winners based on a number of qualitative and quantitative performance indicators. PAMA does not release statistics on the number of firms competing. Nomination or receipt of a PAMA is not necessarily indicative of any particular client’s experience or a guarantee that the firm will perform in the future as it did during the period evaluated by PAMA. They are sponsored by Private Asset Management magazine, a publication of Pageant Media.
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates management capabilities for some of the industry’s leading independent investment advisor firms and offers registered investment advisory services. Dynasty’s integrated platform services delivery chassis offers a customized, open-architecture wealth management solutions and technology platform supporting advisors as they protect and grow their clients’ wealth. Dynasty also offers access to capital to help advisors expand, scale and grow their business. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients.
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