St. Petersburg, Fla.-based Dynasty Monetary Companions has shaped a partnership with Nasdaq Non-public Market to offer personal firm shareholder purchasers entry to Dynasty’s wealth administration and advisory companies.
NPM purchasers will now have direct entry, throughout the firm’s NPM SecondMarket Liquidity Platform, to companies by way of Dynasty Join, a community of impartial RIAs with expertise working with personal firm workers. For NPM, the partnership permits the corporate to spherical out its companies and provides purchasers taking part in personal firm secondary liquidity occasions entry to funding and tax planning recommendation.
NPM supplies secondary liquidity options to non-public corporations, workers and traders. Its SecondMarket Worker Direct program, for instance, facilitates eligible personal firm workers and traders taking part in company-sponsored tenders with 1% transaction charges. It launched that performance in October.
The partnership with Dynasty marks the primary funding administration staff to hitch NPM’s Wealth Join initiative to assist present advisory companies instantly to non-public firm worker fairness holders. They are going to be capable of use Dynasty Join to seek out RIAs or advisory companies.
“It merely is smart for traders who’re creating wealth by means of NPM’s platform to have the chance to safeguard it with an impartial, neutral advisor who places their wants first,” Dynasty founder and CEO Shirl Penney mentioned in an announcement. “We sit up for rising this partnership and introducing much more people to the advantages of working with an impartial RIA.”
“This partnership will assist NPM higher serve our purchasers by providing them a few of the best-in-class instruments, training, and advisory companies to assist them obtain their long-term monetary objectives,” added NPM CEO Tom Callahan in an announcement. “Our partnership with Dynasty highlights our dedication to serving to entrepreneurs protect and construct wealth past the tender.”
The deal is the most recent in a flurry of bulletins by Dynasty. Final month, it formally launched a model portfolio program for its community of impartial advisors referred to as Mannequin Choose. In October, Dynasty received minority investments from BlackRock and JPMorgan Asset Administration that valued the corporate at $800 million, in keeping with a Bloomberg report. A month earlier, Dynasty announced the appointment of Tim Oden, formerly of Schwab Advisor Services, as chief growth officer. Up to now, 58 companies representing greater than 400 advisors with over $100 billion in platform property have joined Dynasty.
NPM has executed greater than $55 billion in transactional worth throughout 760+ company-sponsored liquidity applications for venture-backed personal corporations in addition to 200,000+ particular person shareholders and traders. NPM’s major enterprise traces embrace firm options, its SecondMarket buying and selling market, switch and settlement, and tape DTM information and analytics.