Anderson, Baltch step up as co-heads of Dynasty's investment banking business

Dynasty Financial Partners is expanding its investment banking business and has appointed two seasoned industry professional to drive it forward.

The financial services firm augmented its wealth management advisory operations with the launch of Dynasty Investment Bank in 2023 to provide specialized services to wealth and asset management firms such as M&A advisory and execution, capital underwriting, and succession planning.

In its first full year, 2024, the investment banking business advised on 15 M&A and capital raising deals.

Now the firms wants to drive forward with the appointment of Sam Anderson and Harris Baltch as co-heads of Dynasty Investment Bank, drawing on their experience at Goldman Sachs and UBS, respectively, and their management of a combined $50 billion of M&A transaction value and over $100 billion in financing.

“In a similar fashion as many areas of our business, the official launch of Dynasty Investment Bank two years ago and this expanded leadership team developed naturally from activity already underway supporting our network of firms,” said Shirl Penney, founder and CEO of Dynasty Financial Partners. “The potential for this area of our business is limitless.”

The duo’s experience has already been instrumental in several transactions within the Dynasty Network during their three years at the firm, including advising $250 million AUM RIA Jenkins Wealth on its sale to the $258 billion RIA Mariner in January this year.

Last fall, Dynasty undertook a minority capital raise to support its continued growth including further investment from several long-term investors and board members, notably the Charles Schwab Corporation, and new strategic stakes from BlackRock, and JPMorgan Asset Management.