October 21, 2025
Louis Diamond Quoted
By Leo Almazora
Dynasty Financial Partners and Diamond Consultants have announced a new partnership aimed at supporting large advisor teams considering a move away from traditional wirehouses and broker-dealers.
The Breakaway Investment Banking Initiative, launched this week, is designed to help teams managing $1 billion or more in assets as they weigh options such as going independent, joining another firm, selling, merging, or raising growth capital.
The initiative brings together expertise from Dynasty’s investment banking business, which it launched in 2023, and Diamond’s long-standing advisor consulting and recruiting network.
According to the firms, the offering is intended to address the growing complexity facing top advisor teams as they navigate a marketplace with more strategic options – and higher stakes – than ever before.
Shirl Penney, founder and chief executive officer of Dynasty Financial Partners, said in a statement that the firm sees a “growing need for investment banking services from large, sophisticated teams looking to evaluate their strategic options versus taking a recruiting check from a wirehouse or accepting a buyout offer.”
He added that Dynasty is “uniquely positioned to help [advisors] professionalize, operationalize and de-risk their businesses sooner.”
Dynasty Investment Bank said it advised on 15 M&A and capital-raising deals in 2024, including cross-border public company transactions and domestic sell-side deals. The bank provides services such as merger and acquisition advice, capital raising, valuations, and succession planning for both wealth and asset management firms.
Diamond Consultants, meanwhile, claims a track record of transitioning over $400 billion in assets under management over the past decade. The firm’s network includes hundreds of advisor teams and wealth management firms, and its process is designed to help clients evaluate a range of strategic options.
