Dynasty Financial Partners has teamed up with Nasdaq Private Market (NPM), aiming to offer private company shareholders enhanced wealth management and advisory services.
This collaboration will integrate Dynasty's wealth advisory services within the NPM SecondMarket Liquidity Platform, facilitating better financial planning for private company employees.
It enables NPM clients to access Dynasty Connect, a network of independent registered investment advisors (RIAs) specialising in the unique financial needs of private company employees.
Through this initiative, NPM clients involved in secondary liquidity events will benefit from comprehensive investment and tax planning services, designed to improve their financial well-being and that of their families.
NPM, known for providing secondary liquidity solutions, has chosen Dynasty as the inaugural investment management team for its Wealth Connect initiative. This move aims to deliver advisory services directly to private company employee equity holders.
Dynasty Connect's concierge service focuses on understanding the personal goals of private company employees, assisting them in selecting an RIA or advisory firm that aligns with their investment objectives.
By incorporating Dynasty's network, NPM can now offer a full spectrum of wealth management solutions to shareholders who have completed transactions on the NPM SecondMarket Liquidity Platform.
These services include financial advice, tax planning, option exercise and investment strategies, along with legacy and estate planning.
Dynasty's platform offer technology and services to support advisory firms in launching and growing their businesses with greater independence and fewer conflicts than those typically found in the traditional wealth management sector.
So far, over 58 firms and more than 400 advisors, managing over $100bn in platform assets, have partnered with Dynasty to set up their independent businesses.
Meanwhile, NPM has executed over $55bn in transactional value through more than 760 company-sponsored liquidity programmes for venture-backed private companies, benefiting over 200,000 individual shareholders and investors.
"Dynasty Financial Partners enters alliance with Nasdaq Private Market" was originally created and published by Private Banker International , a GlobalData owned brand.
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