BlackRock and JP Morgan Acquire Minority Stakes in Dynasty

INVESTMENT MANAGEMENT DEALS BLOG

November 6, 2024

On October 8, 2024, Dynasty Financial Partners announced that BlackRock, Inc. and JP Morgan Asset Management have agreed to acquire minority stakes in its firm.

Dynasty Financial Partners (“Dynasty”) announced, on October 8, 2024, that BlackRock, Inc. (“BlackRock”) and JP Morgan Asset Management (“JP Morgan”) have agreed to acquire minority stakes in its firm, valuing Dynasty at approximately $800 million. Further terms of the agreement were not disclosed.

BlackRock (NYSE: BLK), based in New York City, is an investment management firm. As of January 2024, BlackRock had approximately $10 trillion in assets under management.

JP Morgan, based in New York City, is an investment management firm. As of February 2024, JP Morgan had $939 billion in assets under management.

Dynasty, based in St. Petersburg, Florida, is a wealth management technology provider specializing in wealth management solutions and business services for financial advisors. Dynasty primarily works with financial advisors serving ultra-high net worth clients.

To read the press release: please click here.

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