It's been a good summer for Dynasty Financial Partners.

The platform provider has added its second new firm in two months, Concannon Wealth Management, a Bethlehem, PA.-based RIA with $400 million in assets under management and previous associations with LPL Financial and Charles Schwab.

Concannon, which affiliated with LPL from 1994 to 2011, has an unusual planning expertise: the firm works with McDonald’s franchise owners who need support in business valuation, planning for liquidity events and investment management.

Stepping on to a new platform: (l-r) Concannon Wealth Management's Dennis Morton, Jr., Brad Griswold and Katherine Brown.

Affiliating with Dynasty "will enable us to seize opportunities to expand our distinctive business model,” Brad Griswold, Concannon managing partner said in a release.

The Pennsylvania advisory firm is a "good case example" of what's happening at the high end of the RIA market, says Shirl Penney, Dynasty's president and CEO.

"Concannon has gone from an IDB model to an RIA and is now looking to take its platform to the next level," Penney says. "They're a good example of the rapid professionalization occurring in the RIA space. The business is getting bigger and bigger and larger end clients by RIAs are requiring a more sophisticated toolkit than what historically has been seen in the independent space."

Read more: RIA seller's guide: Who's buying, and what they want

Last month, Carrie Gallaway and Andrew Stern, who managed over $700 million at Lebenthal Wealth Advisers, left last month to start YorkBridge Wealth Partners as part of the Dynasty network. In June, Goldman Sachs adviser Robby Saggu, a Goldman Sachs adviser who managed $180 million, departed to join Corient Capital Partners, a Dynasty affiliated firm.

Read more: Why Lebenthal's wealth management venture didn't make it

Also in June, David Wiener left UBS, where he oversaw 100 advisers with $15 billion in client assets, to join Dynasty as director of network development for its Western division.

To date this year, Dynasty has added four new firms, bringing its network total to 38.

Dynasty is expected to work with Concannon on marketing and branding, building out practice management and streamlining operations, investments and technology.

Concannon's partners include Kathryn Brown and advisers Dennis Morton, Jr. and Sean Lindner and William Velekei round out the firm's planning staff.

Concannon will continue to use Schwab Advisor Services as its primary custodian partner.

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