The Innovation Continues: Dynasty Financial Partners Launches the Dynasty Freedom Note, The Industry’s First Forgivable Note for Breakaway Advisors

Through Dynasty Capital Strategies, Qualified Advisors Can Receive
Up To 100% of Their Revenue through the Note While Keeping 65% Gross

NEW YORK–(BUSINESS WIRE)–Dynasty Financial Partners today announced the launch of the Dynasty
Freedom Note: the industry’s first forgivable note program for advisors
seeking independence.

The program will allow qualified advisors who join the Dynasty Network
the flexibility to receive a forgivable loan based on a percentage of
their revenue that will be repaid with a portion of their RIA firm’s
revenue. Once repaid, the advisors will own all equity in their RIA and
continue to have a service relationship with Dynasty for ongoing support.

The Dynasty Freedom Note program is another option being made available
to advisors through Dynasty’s subsidiary business, Dynasty Capital
Strategies (DCS). DCS also provides traditional loans and structured
minority capital to RIAs to allow for diversification, M&A needs, or to
fund succession planning.

With the Dynasty Freedom Note, qualified advisors can choose to have up
to 100% of their revenue paid to them as they transfer their business to
independence with Dynasty’s support in exchange for an eight-year
forgivable loan. As an example, an advisor can choose to receive 100% of
their trailing 12 month revenues in a Dynasty Freedom Note and during
the loan period receive sixty-five-percent of their revenue. The
thirty-five-percent of revenue that Dynasty receives covers loan
interest, regular principle servicing and access to Dynasty’s entire
Core Services package to support the middle and back-office needs of
their RIA.

Dynasty Core Services provide RIAs synthetic scale and encompass the key
services required to run a successful advisory firm including a full
customized technology stack, an integrated proprietary advisor Desktop
for delivering a digital client experience, ongoing compliance support,
books and records and general finance function support, strategic
analysis, and business planning.

Advisors will also have access to Dynasty’s marketing and public
relations team, legal team, practice management and inclusion in all
Dynasty community events, including Dynasty’s annual investment Summit
and Dynasty’s annual Partners Summit. Growth-oriented RIAs will have
direct access to Dynasty’s newly announced M&A support function, Dynasty
Connect, which assists RIAs at every step of the inorganic growth
process. Lastly, the new RIA and its clients will be able to leverage
Dynasty’s award-winning Investment Platform and Dynasty’s
industry-leading transition team to help navigate their move to

“With the addition of the Dynasty Freedom Note to our other capital
offerings, there does not exist a more flexible and robust capital
solution set for Breakaway advisors and RIAs than what Dynasty has
available to the market,” said Ed Swenson, Dynasty’s COO, who oversees
Dynasty’s product offerings. “When you combine these capital solutions
with Dynasty’s transition and consulting capabilities, our CORE service
offering, our Investment platform, and the ability for advisors to be
‘independent but not alone’ as members of our elite advisor community,
it’s easy to see why increasingly we are the firm of choice for some of
the top advisors in the industry.”

“The Dynasty Freedom Note represents another example of our drive to
innovate in order to meet the evolving needs of the industry,” said
Dynasty President and CEO, Shirl Penney. “Our goal at Dynasty has always
been to be the premier service platform to independent advisors – an
elite service bureau – and the place that top independent advisors turn
to when they need support across their businesses during the various
lifecycles of their firms. We are committed to continuing to meet the
needs of our growing community and to serve our evolving industry as
more and more roads are paved to independence for advisors and their
clients. With $8 Billion in new client assets having been added to the
Dynasty platform over the past two months alone, it is clear to us that
the movement to independence is as strong as ever.”

Todd Thomson, Dynasty’s Chairman of the Board, who founded Dynasty
alongside Shirl and Ed nine years ago, will continue to chair Dynasty’s
Capital Commitment Committee that oversees all DCS activity.

“I am thrilled that today we can launch the Dynasty Freedom Note to the
market” said Mr. Thomson. “One of Dynasty’s core values is to celebrate
advisors as independent entrepreneurs while supporting their
professionalization and growth. Unlike other forgivable notes in the
industry, once the Dynasty Freedom Note period ends, advisors own 100%
of their profitability and their equity. Their clients are their
clients, their business is their business. I, along with the rest of
Dynasty’s Board, have never been more excited for what the future holds
for Dynasty and for the independent advisor ecosystem.”

On May 30th, 2019, Dynasty Financial Partners launched
Dynasty Connect, a platform to support independent advisory firms with
private M&A transactions. In addition, since April 29th, 2019, Dynasty
has announced three new financial advisory firms to their Network,
totaling $8 billion in client assets.

About Dynasty Financial Partners

Dynasty Financial Partners is known for assisting advisors of integrity
to better service their clients, run their businesses more profitably,
grow faster, and enhance the enterprise value of the advisor’s firm.
Dynasty does this by developing, sourcing and integrating management
capabilities for some of the industry’s leading independent investment
advisory firms. Dynasty’s award-winning integrated services delivery
chassis offers a customized, open-architecture wealth management
solution and technology platform supporting advisors as they protect and
grow their clients’ wealth. Dynasty hosts numerous events to allow the
community to come together and to allow top RIA firms to be independent
but not alone. Dynasty also offers access to capital to help advisors
expand, scale and grow their business. Dynasty’s core principle is
“objectivity without compromise,” and the firm is committed to crafting
solutions that allow investment professionals to act as fiduciaries to
their clients.

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