Dynasty Financial Partners

Under the deal, Dynasty also swapped equity in itself for shares in some of its "network" RIAs.

Jim Martin launched Nordwand Capital with the help of Dynasty as part of a plan to offer new private venture funds to the firm's ultra-wealthy clients.

The firm will use the credit line to grow its business and invest in partner firms.

A tax receivable agreement, popular in public offerings but controversial in some eyes, would regularly send extra money to insiders.

The firm isn't "shelving" its offering – it's waiting for Wall Street to emerge from the worst IPO landscape since 2009.

The word 'broker' carries negative connotations. But to many wealth management professionals, commission-based shops are valuable to a transforming industry.

With a new high in firms and financial advisors in the channel, an increasing array of competitors are pitching themselves as the edge.

Firm may be less nimble, CEO Penney more transparent after shares float, analysts say.

The TAMP has also created a new chief digital officer role to oversee improvements to the firm’s technology infrastructure.

The firm serves UHNW clients, and the advisors embarked on a search in order to enable clients to have more access to private investments.

The White House’s sweeping proposal to raise taxes on the wealthy will likely force advisors to get creative as they structure sales of their practices.

Lisa Quadrini had worked with the practice during her earlier tenure with Merrill Lynch, and she’s now launching its new office.

The quartet of financial advisors range in age from their 20s to their 90s, and are the second group to sign with Dynasty this week.

It’s a big decision, and getting it right the first time around can avoid a lot of headaches, experts say.

The firm’s new technology will allow advisors to “get into the weeds” of underlying portfolios with clients.

“I wanted to be able to walk in the door and only be able to answer to one constituency: my clients,” advisor Andy Ferguson says.

“Clients have gotten a good scare,” says Dave Welling, CEO of Mercer Advisors.

Procyon Partners, which caters to UHNW clients and retirement plans, had a rocky separation from the same former firm.

Unexpected tailwinds from the global pandemic have made recruitment more efficient and have highlighted advisor-client bonds.

Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.