Dynasty Financial Partners, which provides tech-enabled wealth management solutions and business services to financial advisors, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.
Dynasty believes it is a leading provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth (HNW) and ultra-high net worth (UHNW) clients. The company provides access to a comprehensive platform of software and technology tools, business services, and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies integrated within the Dynasty Desktop.
The St. Petersburg, FL-based company was founded in 2010 and booked $63 million in revenue for the 12 months ended September 30, 2021. It plans to list on the Nasdaq under the symbol DSTY. Dynasty Financial Partners filed confidentially on September 3, 2021. Goldman Sachs, J.P. Morgan, Citi, and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
