St. Petersburg, Fla.-based Dynasty Monetary Companions has fashioned a partnership with Nasdaq Personal Market to provide non-public firm shareholder purchasers entry to Dynasty’s wealth administration and advisory providers.
NPM purchasers will now have direct entry, throughout the firm’s NPM SecondMarket Liquidity Platform, to providers through Dynasty Join, a community of unbiased RIAs with expertise working with non-public firm staff. For NPM, the partnership allows the corporate to spherical out its providers and provides purchasers collaborating in non-public firm secondary liquidity occasions entry to funding and tax planning recommendation.
NPM offers secondary liquidity options to non-public corporations, staff and traders. Its SecondMarket Worker Direct program, for instance, facilitates eligible non-public firm staff and traders collaborating in company-sponsored tenders with 1% transaction charges. It launched that performance in October.
The partnership with Dynasty marks the primary funding administration group to affix NPM’s Wealth Join initiative to assist present advisory providers straight to non-public firm worker fairness holders. They’ll be capable to use Dynasty Join to seek out RIAs or advisory companies.
“It merely is smart for traders who’re creating wealth via NPM’s platform to have the chance to safeguard it with an unbiased, 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 unbiased RIA.”
“This partnership will assist NPM higher serve our purchasers by providing them a number of the best-in-class instruments, schooling, and advisory providers 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 newest in a flurry of bulletins by Dynasty. Final month, it formally launched a mannequin portfolio program for its community of unbiased advisors referred to as Mannequin Choose. In October, Dynasty acquired 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 introduced the appointment of Tim Oden, previously of Schwab Advisor Providers, as chief progress officer. So far, 58 companies representing greater than 400 advisors with over $100 billion in platform belongings have joined Dynasty.
NPM has executed greater than $55 billion in transactional worth throughout 760+ company-sponsored liquidity packages for venture-backed non-public corporations in addition to 200,000+ particular person shareholders and traders. NPM’s main enterprise strains embody firm options, its SecondMarket buying and selling market, switch and settlement, and tape DTM knowledge and analytics.
