The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Dynasty Financial Partners
Dynasty Financial Partners has formed a partnership with Nasdaq Private Market to give private company shareholders access to private wealth management and advisory services.

NPM clients will now have direct access, within the NPM SecondMarket® Liquidity Platform, to services via Dynasty Connect, a network of independent RIAs. NPM provides secondary liquidity solutions to private companies, employees, and investors. 

Dynasty Connect has a concierge service focused on understanding what private company employees and their families want so they can identify an RIA or advisory firm that can serve them.

The move appears to be a way for St Petersburg, Florida-based Dynasty to enhance business prospects for the RIAs in its network. 

“It simply makes sense for investors who are creating wealth through NPM’s platform to have the opportunity to safeguard it with an independent, impartial advisor who puts their needs first,” Shirl Penney, founder and CEO of Dynasty Financial Partners, said. 

Tom Callahan, CEO of Nasdaq Private Market, said: “In the past decade, NPM has facilitated over $55 billion of wealth creation events for tens of thousands of private company employee shareholders.”