(Yahoo!) - Deep M&A Expertise Based on 15 Dynasty Network Private Transactions Totaling $7.2 billion in Assets under Advisement Over the Last Two Years
Dynasty Financial Partners is pleased to announce today that the firm is launching Dynasty Connect.
The firm's new division reports to Dynasty’s Chief Operating Officer Ed Swenson and will support independent advisory firms in private M&A transactions through the following activities:
- Preparing firms to become ‘M&A ready’,
- Lead generation,
- Handling vetting and due diligence of counterparty,
- Assisting with capital solutions for the RIA,
- Guidance on deal negotiation and deal structure,
- Mapping of operational considerations and
- Managing transition and integration.
Joe Rizzo, Director of Mergers & Acquisitions for Dynasty, is responsible for managing the Dynasty Connect platform.
According to Ed Swenson, COO of Dynasty Financial Partners, “Dynasty Connect is one of the fastest growing segments of Dynasty.
There is a perfect storm for RIAs seeking to acquire: an aging advisor population, breakaway advisors seeking independence without wanting to run an RIA, and the ability to make strategic deals that create a competitive advantage and unlock scale.
In addition, more and more wirehouse advisors are choosing independence as the best way to exercise their succession plans and to maximize the economics of their life’s work – while at the same time being sure to not trap their junior partners and clients into an unpredictable financial situation going forward.”
Dynasty works with their Network Partners to put in place the building blocks to successful M&A as follows:
- Ensuring that RIAs are prepared for acquisitions, including having an updated Operating Agreement, a value proposition that resonates with prospects and potential acquirers.
- Educating RIAs on potential deal structures, including what are realistic valuations.
- Access to a diverse set of friendly capital solutions to fund inorganic growth.
- Designing proactive marketing strategies to amplify a RIAs message and generate advisor leads in a cost-effective manner.
- Assisting with risk management and due diligence processes have a process in place to gather the necessary information to improve the likelihood of a successful combination.
- Providing transition and Integration services to assure the candidate is engaged, accountable and integrated smoothly.
Dynasty Financial Partners now has 47 Network advisory firms who, among them, manage more than $35 billion in aggregate client assets.
Many of the Dynasty network firms have ambitious inorganic growth plans and may be potential partners for advisors who are looking to join a firm or sell their business as part of a succession plan.
“I could not be more excited about the launch of Dynasty Connect,” said Dynasty President and CEO Shirl Penney.
“I am delighted to see Ed and the team’s vision come to life in having an integrated offering of services to provide support for advisors looking to buy or sell their advisory business. The combination of existing Dynasty Capital Strategies (DCS), with it's lending and Revenue Purchasing options, and Dynasty Connect, when leveraged alongside of Dynasty’s Core Services and Investment Platform, creates one of the most unique M&A and RIA service capability sets available anywhere in the industry.
We expect this to be the third leg of our growth, adding to our efforts in supporting the organic growth of our existing RIA clients and selectively adding new advisory firms to our growing network,” said Mr. Penney.
