Latest news with #DynastyFinancialPartners
Yahoo
3 days ago
- Business
- Yahoo
Dynasty Takes Minority Stake in Life Settlement Firm Abacus
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Dynasty Financial Partners has entered into an equity swap agreement with Abacus Global Management, a publicly traded alternative asset originator and manager that specializes in life insurance products. As part of the equity swap, Abacus, which became a Dynasty partner firm in 2023 with the launch of its wealth management division, ABL Wealth, has acquired a minority stake in Dynasty and vice versa. 'Our investment in Abacus illustrates our confidence in their business model, the strength of their balance sheet, and the commitment of [Abacus CEO Jay Jackson] and the team to continue building out their wealth business,' said Dynasty founder and CEO Shirl Penney, in a statement. Dynasty launched its equity swap program about six or seven years ago and has entered into agreements with a significant number of its large clients as a way to align interests between them. The firm does not take any controlling interest in the firms it acquires. The deal with Abacus was structured in the same way as others. Abacus launched its wealth division in 2023 with Dynasty support and a plan to seed that offering by acquiring and rolling up RIAs under the ABL Wealth brand. It will provide those advisors with leads from both the inquiries the company receives and cash payouts from its life settlements business. Last year, Abacus signed an agreement to acquire Carlisle Management Company SCA, a Luxembourg-based alternative asset manager with about $2 billion in assets under management, for $200 million. Dynasty Investment Bank advised Abacus on the deal. That was followed by Abacus's acquisition of FCF Advisors, a New York-based asset manager with about $600 million in assets under management. Both firms have become part of ABL Wealth and will provide investment strategies to advisors who eventually join the platform. Abacus has not made any RIA acquisitions thus far, but Jackson has been vocal about his intention to do so and the firm's commitment to the wealth business. Abacus receives some 10,000 inquiries a month from individuals who may not qualify to sell their policy but have other financial services needs. These leads are, on average, over age 55 and have $1 million of net worth, and serve as a differentiator to the company as it looks to attract RIAs. Abacus went public in July 2023 via a Special Purpose Acquisition Company, merging with East Resources Acquisition Company. It now trades on the NASDAQ under the symbols 'ABL' and 'ABLLW.' The company purchases life insurance policies from consumers for cash. In 2022, Dynasty sold minority stakes in the company to Charles Schwab and private equity firm Abry Partners. In 2024, it announced a minority capital raise from BlackRock, JP Morgan Asset Management and Schwab. Dynasty now serves 57 partner firms across over $105 billion in platform assets. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
4 days ago
- Business
- Business Wire
Dynasty Financial Partners and Abacus Global Management Announce Minority Investment
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dynasty Financial Partners ('Dynasty'), a leading provider of technology-enabled wealth management solutions for independent financial advisors, today announced a minority investment in Abacus Global Management, Inc. ('Abacus') (NASDAQ: ABL), a leader in the alternative asset management space. In turn, Abacus has made a minority investment in Dynasty. Abacus is a member of the network of owners and operators of independent firms leveraging Dynasty's integrated technology, services, robust turnkey asset management program (TAMP), digital lead generation services, capital solutions, and investment bank. Currently, Dynasty has 57 Network Partner firms and over $105 billion in platform assets. Shirl Penney, Founder and Chief Executive Officer of Dynasty, said: 'Our investment in Abacus illustrates our confidence in their business model, the strength of their balance sheet, and the commitment of Jay and the team to continue building out their wealth business. We look forward to supporting their strategic growth in the years to come.' Dynasty offers firms the opportunity to sell a minority percentage of common equity to Dynasty without giving up control of their business, under friendly terms, including limited governance rights and a unique client repurchase right. 'We are proud to align our business with a proven platform like Dynasty,' said Jay Jackson, Chairman and Chief Executive Officer of Abacus. 'With the ongoing support, expertise, and partnership of Dynasty Financial Partners, our business has the firepower it needs to reach the next level.' About Dynasty Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services, and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty's technology, tools, and services provide advisory firms the supported independence to launch their business, scale their operations, and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients. For nearly a decade and a half, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. A recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients; a comprehensive offering of services and technology-enabled solutions; the ability to leverage its size and breadth to invest; the flexibility and seamlessness enabled by a modular technology solution; an entrepreneurial culture; and an experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients' growth, onboarding new clients, increasing clients' use of its broader capabilities, launching additional solutions, and facilitating complementary acquisitions. About Abacus Abacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide. For more information, please visit
Yahoo
5 days ago
- Business
- Yahoo
Abacus Global Management and Dynasty Financial Partners Announce Minority Investment
ORLANDO, Fla., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ('Abacus' or the 'Company') (NASDAQ: ABL), a leader in the alternative asset management space, today announced a minority investment in Dynasty Financial Partners ('Dynasty'), a leading provider of technology-enabled wealth management solutions for independent financial advisors. 'Over the years, we have developed a deep relationship with the team at Dynasty, so we are thrilled to be able to offer them support, as well, through this investment,' said Jay Jackson, Chairman and Chief Executive Officer of Abacus. 'Their backing and expertise empower us to continue building on our suite of services and expanding our national footprint.' Abacus is a member of the network of owners and operators of independent firms leveraging Dynasty's integrated technology, services, robust turnkey asset management program (TAMP), digital lead generation services, capital solutions, and investment bank. Currently, Dynasty has 57 Network Partner firms and over $105 billion in platform assets. Shirl Penney, Founder and Chief Executive Officer of Dynasty, said: 'This alignment and mutual investment is yet another illustration of how the independent wealth management space has truly exploded with growth and opportunity. Jay and the team at Abacus are well-positioned to keep moving forward with their growth plans and we are proud to partner with them to support each other's strategic goals.' About AbacusAbacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide. For more information, please visit Contacts:Investor RelationsRobert F. Phillips – SVP Investor Relations and Corporate Affairs rob@ 290-1198 David Jackson – Managing Director of Investor Relations david@ 299-0716Abacus Global Management Public Relationspress@ About DynastyDynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services, and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty's technology, tools, and services provide advisory firms the supported independence to launch their business, scale their operations, and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients. For nearly a decade and a half, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. A recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients; a comprehensive offering of services and technology-enabled solutions; the ability to leverage its size and breadth to invest; the flexibility and seamlessness enabled by a modular technology solution; an entrepreneurial culture; and an experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients' growth, onboarding new clients, increasing clients' use of its broader capabilities, launching additional solutions, and facilitating complementary acquisitions. For more information, please visit To learn more about Dynasty Connect please visit Also visit Dynasty on social media:LinkedIn: @DynastyFP
Yahoo
21-04-2025
- Business
- Yahoo
Advisory Team Joins $3.7B in AUM DayMark Wealth Partners, Anchors Expansion into Chicago and Park City, Utah
John Kaufman Leads Three-Person, $200M Team, Enhancing DayMark's Alternatives Expertise and Furthering its National Reach CINCINNATI, April 21, 2025--(BUSINESS WIRE)--DayMark Wealth Partners is pleased to announce the addition of a $200 million advisory team led by John Kaufman, which will help drive the firm's expansion into Chicago and Park City, Utah. The team includes portfolio manager, and partner Gregg Kaplan and Director of Client Relations, Hilary Bryson. Together, they bring a powerful combination of institutional-grade investment expertise, deep client service experience, and nearly three decades of success serving high-net-worth and ultra-high-net-worth individuals and families. John Kaufman has over 30 years of wealth management experience, with a focus on customized portfolio design, long-term planning, and alternative investments. Mr. Kaufman is based in Park City, Utah, while Mr. Kaplan and Ms. Bryson conduct business from Chicago. The team also invests in alternative assets, including real estate, private equity, and alternative hedge funds—bringing a distinct edge to DayMark's already robust advisory platform. For the new DayMark team, the firm's "flexible platform and commitment to client-first, tax-efficient strategies is exactly what we need to grow our business," according to Mr. Kaufman. "The firm's multi-generational approach and deep bench of resources provide us with the tools we need to serve clients while building long-term relationships." For DayMark meanwhile, "The addition of John Kaufman's team strengthens our capabilities and expertise in alternative investments, and it expands our reach into key markets such as Chicago and the U.S. Mountain West region," said Mike Quin, DayMark's Co-Founder and Managing Partner. "Their expertise and client-first approach align perfectly with our vision for sustainable growth while building a firm made up of elite advisors." Cincinnati, Ohio-based DayMark Wealth Partners, which manages about $3.7 billion for its clients, has seen consistent growth since it was established three years ago as a member of Dynasty Financial Partners' Network of independent wealth-management firms. Gordon Ross, Chief Client Officer at Dynasty Financial Partners, considers Mr. Kaufman and his team "a great fit for DayMark's platform and culture," and a prime example of DayMark's ability "to attract top-tier advisory teams by providing them with the tools, resources and flexibility they need to grow." For more information, please visit: About DayMark Wealth Partners DayMark Wealth Partners is a registered investment advisor (RIA) headquartered in Cincinnati, Ohio. Founded in 2022, DayMark partners with elite advisor teams across the U.S., offering the scale, support, and freedom of the independent model—backed by the strength of Dynasty Financial Partners. View source version on Contacts Media Contact Sally Cates sallycates@ 646-704-4500 Sign in to access your portfolio
Associated Press
21-04-2025
- Business
- Associated Press
Advisory Team Joins $3.7B in AUM DayMark Wealth Partners, Anchors Expansion into Chicago and Park City, Utah
CINCINNATI--(BUSINESS WIRE)--Apr 21, 2025-- DayMark Wealth Partners is pleased to announce the addition of a $200 million advisory team led by John Kaufman, which will help drive the firm's expansion into Chicago and Park City, Utah. The team includes portfolio manager, and partner Gregg Kaplan and Director of Client Relations, Hilary Bryson. Together, they bring a powerful combination of institutional-grade investment expertise, deep client service experience, and nearly three decades of success serving high-net-worth and ultra-high-net-worth individuals and families. John Kaufman has over 30 years of wealth management experience, with a focus on customized portfolio design, long-term planning, and alternative investments. Mr. Kaufman is based in Park City, Utah, while Mr. Kaplan and Ms. Bryson conduct business from Chicago. The team also invests in alternative assets, including real estate, private equity, and alternative hedge funds—bringing a distinct edge to DayMark's already robust advisory platform. For the new DayMark team, the firm's 'flexible platform and commitment to client-first, tax-efficient strategies is exactly what we need to grow our business,' according to Mr. Kaufman. 'The firm's multi-generational approach and deep bench of resources provide us with the tools we need to serve clients while building long-term relationships.' For DayMark meanwhile, 'The addition of John Kaufman's team strengthens our capabilities and expertise in alternative investments, and it expands our reach into key markets such as Chicago and the U.S. Mountain West region,' said Mike Quin, DayMark's Co-Founder and Managing Partner. 'Their expertise and client-first approach align perfectly with our vision for sustainable growth while building a firm made up of elite advisors.' Cincinnati, Ohio-based DayMark Wealth Partners, which manages about $3.7 billion for its clients, has seen consistent growth since it was established three years ago as a member of Dynasty Financial Partners' Network of independent wealth-management firms. Gordon Ross, Chief Client Officer at Dynasty Financial Partners, considers Mr. Kaufman and his team 'a great fit for DayMark's platform and culture,' and a prime example of DayMark's ability 'to attract top-tier advisory teams by providing them with the tools, resources and flexibility they need to grow.' For more information, please visit: About DayMark Wealth Partners DayMark Wealth Partners is a registered investment advisor (RIA) headquartered in Cincinnati, Ohio. Founded in 2022, DayMark partners with elite advisor teams across the U.S., offering the scale, support, and freedom of the independent model—backed by the strength of Dynasty Financial Partners. View source version on CONTACT: Media Contact Sally Cates [email protected] 646-704-4500 KEYWORD: UNITED STATES NORTH AMERICA OHIO ILLINOIS UTAH INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Dynasty Financial Partners Copyright Business Wire 2025. PUB: 04/21/2025 10:00 AM/DISC: 04/21/2025 10:02 AM
