Dynasty Financial Partners Strengthens Investment Banking Business
Dynasty Financial Partners, a leading advocate for the independent wealth management movement, has announced a significant expansion of its investment banking leadership. Effective immediately, Sam Anderson and Harris Baltch have been named Co-Heads of Dynasty Investment Bank. This strategic leadership move marks the next phase in the ongoing growth and evolution of the firm’s investment banking division, further reinforcing Dynasty’s commitment to delivering world-class services to the wealth and asset management sectors.
The appointment of Anderson and Baltch reflects Dynasty’s dedication to fostering internal talent while providing enhanced resources and executive oversight to scale the investment banking business. Both executives will report directly to Justin Weinkle, Chief Financial Officer of Dynasty Financial Partners. In tandem with these appointments, Weinkle has also been named chair of Dynasty’s Capital Committee, consolidating his leadership in overseeing the firm’s capital markets activities.
According to Dynasty Financial Partners, this expansion of the executive leadership team is designed to provide the Dynasty Investment Bank with the strategic focus, expertise, and resources necessary to identify premier opportunities in the market and deliver exceptional results for clients. This move comes at a time when the wealth management and asset management industries continue to undergo rapid transformation, driven by consolidation, evolving client needs, and increasing demand for sophisticated financial solutions.
Building on a Strong Foundation
Launched officially in 2023, Dynasty Investment Bank was conceived to meet the growing demand for specialized investment banking services tailored specifically for wealth management and asset management firms. The division offers an array of services including merger and acquisition (M&A) advisory and execution, capital underwriting, valuations, and succession planning. The bank has positioned itself as a key partner for both buyers and sellers navigating the increasingly complex landscape of financial advisory firms.
In its first full year of operation, Dynasty Investment Bank advised on 15 major M&A and capital-raising transactions. These deals spanned a wide variety of mandates, including cross-border public company mergers and acquisitions, strategic recapitalizations, domestic sell-side transactions, valuations, and capital-raising efforts. The bank’s ability to successfully execute such a diverse range of deals underscores its expertise and growing influence within the financial services industry.
Proven Leadership with Deep Industry Experience
Both Sam Anderson and Harris Baltch bring a wealth of experience and complementary skill sets to their new roles. Prior to joining Dynasty, Anderson served as an investment banker at Goldman Sachs, where he specialized in advising clients within the financial services sector. Baltch, on the other hand, came to Dynasty from UBS, where he was instrumental in covering similar sectors. Over their respective careers, the two have collectively executed over $50 billion in M&A transaction value and more than $100 billion in capital financing.
Since joining Dynasty Financial Partners three years ago, Anderson and Baltch have worked closely on numerous transactions within the Network. Their combined leadership and deep understanding of the wealth management space have already yielded substantial results, further enhancing Dynasty’s position as a trusted advisor in the industry.
A key example of their collaborative success is the recent advisory role the Dynasty Investment Bank played in Abacus Life’s acquisition of Carlisle Management Company. In December 2024, Dynasty exclusively advised Abacus Life [Nasdaq: ABL], a publicly traded global alternative asset manager, on its $200 million acquisition of Luxembourg-based Carlisle, a leading alternative asset manager. This cross-border transaction was a testament to Dynasty’s ability to navigate complex international deals and deliver favorable outcomes for its clients.
Additionally, the bank recently advised Jenkins Wealth, a Denver-based registered investment advisory (RIA) firm managing $250 million in assets, on its sale to Mariner, a Kansas-based RIA overseeing $258 billion nationwide. Announced in January 2025, this transaction reflects the increasing consolidation trend within the wealth management industry and highlights pivotal role in facilitating these strategic partnerships.
Leadership Commentary
Shirl Penney, Founder and CEO of Dynasty Financial Partners, emphasized the importance of the investment banking division’s growth, noting that it reflects the natural evolution of the firm’s client-first approach.
“In much the same way as many areas of our business, the formal launch of Investment Bank two years ago and the expanded leadership team we are announcing today developed organically out of activity already underway in support of our network of firms,” Penney stated. “We take great pride in how our business has evolved, rooted in strong alignment and close partnership with our clients. Sam and Harris exemplify this partnership-driven mindset, and I am confident they will continue to drive Investment Bank forward, executing on behalf of our clients with excellence. The potential for this segment of our business is vast.”
Empowering the Independent Advisor Community
Dynasty Financial Partners has long been recognized as a leader in the independent wealth management space, providing financial advisors with the infrastructure, technology, and services necessary to achieve and sustain independence. The firm’s core mission revolves around supporting advisors who wish to break away from traditional wirehouses and establish their own independent registered investment advisories (RIAs).
Dynasty’s platform offers a comprehensive suite of solutions, including integrated technology services, a robust turnkey asset management program (TAMP), capital solutions, digital lead generation services, and investment banking expertise. This integrated approach delivers synthetic scale and operational efficiency to RIAs within the Network, allowing them to maintain their independence while accessing institutional-grade resources.
The firm’s philosophy is encapsulated in its guiding principle: Independent But Not Alone™. Dynasty’s network currently comprises 57 partner firms, representing over 500 financial advisors and collectively managing more than $105 billion in platform assets. By leveraging Dynasty’s platform, these RIAs benefit from strategic support that enables them to grow their businesses, better serve their clients, and stay competitive in an evolving market.
