Louis Diamond Quoted – By Ryan W. Neal, InvestmentNews – If Dynasty was canceling plans for an IPO, it wouldn’t make sense for it to continue disclosing this information, said Louis Diamond, president of financial adviser recruiting firm Diamond Consultants.
Louis Diamond Quoted – By Janice Kirkel, Financial Planning – Analysts say the decision by Dynasty Financial Partners, the St. Petersburg, Florida-based RIA and turnkey asset management platform with $65 billion in client assets, to launch a $100 million IPO is what would be expected from a firm that has undergone measured rather than explosive growth with managers who have significant experience in the public markets.
Louis Diamond Quoted – By Jeff Benjamin, InvestmentNews – 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.
Louis Diamond Quoted – By Ian Wenik, Citywire – HighTower Advisors may now have an unobstructed view of an IPO. The RIA firm, which oversees around $68.6 billion, had long planned to go public, but those plans had been shelved by January 2018, when private equity firm Thomas H. Lee Partners bought a 50% stake in the firm’s holding company.
Louis Diamond Quoted – By Janet Levaux, ThinkAdvisor – One week after it became a publicly traded firm, Focus Financial Partners says it has a new member: Edge Capital Group of Atlanta, which as some $3.5 billion of client assets and six offices.
Mindy Diamond Quoted – By Brooke Southall, RIABiz – Focus Financial Partners LLC is engaged in legal and regulatory preparations to file an initial public offering — and along with that action come plenty of questions about its timing and whether anyone other than a vulture investor is in line for a significant payday.
