January 20, 2022
Louis Diamond Quoted
By Jeff Benjamin
Dynasty Financial Partners is turning to the public equity markets to support its strategy of helping wirehouse representatives break away to become independent financial advisers.
“The IPO is very exciting as a further validation of the success of the RIA space,” said Louis Diamond, president of Diamond Consultants.
“Dynasty’s main business is breaking away large wirehouse teams to form RIAs, and this IPO says their bankers and the investing public believes the breakaway trend will continue,” Diamond said. “They have a number of capital solutions, but this is not a cheap business to be in. The IPO enables them to keep expanding the team.”
