“Dynasty is positioned to charge onto the offensive with fresh, friendly capital, a fortress balance sheet, and favorable margins,” said Justin Weinkle, Dynasty’s CFO. Dynasty, he added, is positioning itself to “continue executing on behalf of its clients and investors.”
It’s also engaged in minority equity swaps with some of its RIA clients, so that members of its network have an equity interest in Dynasty, and vice versa. “I want to welcome many of our RIA partners as investors in Dynasty,” said Shirl Penney, Dynasty’s president and CEO, “and appreciate their commitment to the partnership, our community, and to growing together.”
Penney declared in the press release that ABRY and Schwab were a perfect match for Dynasty. “There were two requirements that were atop my list as we went through the process [of evaluating potential minority investors]—partnership and alignment,” he said, adding that he was “excited to welcome ABRY and Schwab to sit alongside our already extremely supportive group of investors.”