Dynasty Financial boosts M&A tools for RIAs using its platform

New effort will provide lead generation and other services for RIAs looking to buy

May 30, 2019 @ 4:35 pm

By Bruce Kelly

Dynasty Financial Partners said Thursday that it is amplifying its support for registered investment advisers who use Dynasty's platform so they can better compete in the hot RIA mergers and acquisitions market.

The new business line and suite of M&A services, called Dynasty Connect, will provide advisers interested in buying an RIA with a variety of services, including lead generation, vetting and due diligence of the target RIA, and guidance in negotiations, according to the company.

It comes two years after Dynasty Financial Partners expanded its provision of capital to advisers buying other RIAs. The firm has completed 15 such transaction, according to a statement from Dynasty.

Dynasty's latest effort to expand its support for adviser M&A comes as the market for such deals is seeing near-peak activity.

The total of 31 acquisitions of RIAs that occurred during the first quarter of this year is just one shy of the record and signals more good news for those advisers looking to sell their firms, according to the investment bank DeVoe & Co.

Firms are going to great lengths to make sure they get in front of the M&A boom for advisers. In January, Raymond James Financial said it was buying boutique investment bank Silver Lane Advisors in recognition of the merger and acquisition opportunities in the wealth management business.

Dynasty Financial partners is a platform and service firm for breakaway brokers and RIAs that works with 47 network firms managing $35 billion in client assets.


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