ST. PETERSBURG, Fla.--()--Dynasty Financial Partners today announced that SageSpring Wealth Partners has joined its industry-leading platform of technology-driven wealth management tools and services.

SageSpring was founded in 2002 and is comprised of more than 45 advisor teams who manage approximately $6.4 billion for more than 10,000 individual clients. The firm has nine offices across Tennessee, Alabama, Texas, Nebraska, and Iowa, with plans to expand further. SageSpring was previously affiliated with Raymond James Financial Services, Inc. This marks one of the largest moves to full independence in the industry over the last several years.

For SageSpring's President Jeffrey Dobyns, the move to independence with Dynasty was "the logical next step for our growing footprint and diverse client base.” Dobyns continued: “We are incredibly proud of the business we have built and look forward to leveraging Dynasty's technology, investment team, products, services, and investment bank to help us better care for our clients while also building a better business at SageSpring.”

SageSpring’s client base includes business owners and professionals who the firm characterizes as ‘the millionaires next door.’ Now independent, the firm plans to continue growing organically, as well as expanding its offerings to include multi-family-office services.

Unique to the independent registered investment adviser (RIA) space, SageSpring established a formal mentorship program to support and encourage advisor growth. The firm is dedicated to removing obstacles and clearing a path for young advisors to develop and progress professionally. Dobyns said: “We have built a tremendous culture within our firm that I hope will motivate others in the space. As the industry ages, we have a growing group of next-generation advisors who are highly qualified and highly sought-after.” SageSpring plans to add more advisors to its growing team – both those who are new to the industry, and those who are seeking a larger, independent firm to expand their practices and develop succession plans for retirement.

“We are thrilled that the SageSpring team has joined our platform and our Dynasty family," said Shirl Penney, CEO and Founder of Dynasty Financial Partners. "They have built an impressive business over the years, and their focus on bringing in young talent and building the next generation of advisors is inspiring. Given our focus on mentoring and guiding our Network of firms, we very much look forward to collaborating with them to write the next chapter of our industry’s growth. Additionally, we are excited to be partnering with Merchant, a minority owner of SageSpring, to help leverage the collective intellectual capital of both firms for the betterment of SageSpring and its clients."

Tim Bello, Founding Partner of Merchant, said: “We are proud of our investment in and partnership with SageSpring. Jeff and his team are committed to thoughtful growth both organically and inorganically and they care deeply about their clients and employees. We are also thrilled to be working with the team at Dynasty as SageSpring embarks on the next phase of their independent journey.”

Fidelity Investments will now serve as SageSprings’ primary custodian.

SageSpring joins Dynasty’s network of 55 firms representing more than 500 advisors with over $105 billion in platform assets.

For more information about SageSpring, please visit www.sagespring.com

About Dynasty

Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients.

For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions, and facilitating out complementary acquisitions.

For more information, please visit www.dynastyfinancialpartners.com.

Also visit Dynasty on social media:

LinkedIn: https://www.linkedin.com/company/dynasty-financial-partners

Twitter: @DynastyFP

About Merchant

Merchant is a private partnership providing growth capital, management resources, strategic opportunities and direction to independent financial services companies, particularly those focused on wealth and asset management. Merchant’s ecosystem comprises 60+ partner firms & RIA practices in three countries, collectively managing more than $140 billion in assets as of the end of 2022. For additional information, please visit merchantim.com.