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.