Dynasty Forms "Strategic" Custody Pact With Goldman Sachs

Editorial Staff

27 March 2025

Dynasty Financial Partners has formed a “strategic collaboration” with Goldman Sachs. Under the pact, Goldman Sachs Custody Solutions will become one of the preferred custodians of Dynasty’s independent RIA network.

“By integrating Goldman Sachs' custodial services, asset management, lending, and capital markets expertise into Dynasty’s full suite offering for RIAs, we are significantly enhancing the breadth and quality of services available to our network of independent advisors,” Shirl Penney , Dynasty’s founder and CEO, said.

Dynasty and Goldman Sachs have developed technology that integrates with Dynasty's Turnkey Asset Management Program ; the move also positions both parties to expand in the RIA space. The firms will have dedicated transition teams collaborating to provide custody, TAMP, trading services, and billing solutions to RIAs, Dynasty said in a statement yesterday.

Dynasty has 57 network partner firms representing more than 500 advisors and over $105 billion in platform assets.

Earlier in March, Dynasty appointed Sam Anderson and Harris Baltch as co-heads of Dynasty Investment Bank. Before joining Dynasty, they worked at Goldman Sachs and UBS, respectively.