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Dynasty Financial takes next logical step, using Wall Street powers and RIAs to beat Wall Street with an IPO, but timing surprises one expert

CEO Shirl Penney's plan may have 'more than meets the eye,' says one consultant, in response to head-scratching about the attempt at an IPO based on relatively low revenues and profits

Author Oisin Breen January 28, 2022 at 12:09 AM
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2 Comments
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Shirl Penney founded Dynasty to give breakaway brokers wirehouse independence and private banker perks; now he's going public.

Shirl Penney


Jeff Spears

Jeff Spears

January 28, 2022 — 12:33 PM
The IPO transition is always messy. We need to watch the improvements to Dynasty 2.0
Cball

Cball

January 28, 2022 — 8:26 PM
There is at least one situation which, unless resolved, will make this very difficult and ugly.

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September 21, 2023 at 1:53 AM

Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners

The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.

September 24, 2019 at 2:02 AM

Tim Oden departed Schwab after 37 years and was flooded with industry offers, but Shirl Penney made one he couldn't refuse -- a seat at the table

The RIA sales wizard joined Dynasty Financial Partners with understanding he would leave sales behind and earn his keep by focusing on strategic ideas.

February 22, 2024 at 2:20 AM

After 13 years in the Shirl shadow, Ed Swenson gets a mandate to grow a $20-billion corporate RIA as old AIG IBD unit, Advisor Group, reorganizes and seeks new brand identity

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