Dynasty Financial Partners, a provider of back and middle-office outsourced solutions for RIAs, closed a $50 million revolving credit facility with Royal Bank of Canada (RBC) acting as sole administrative agent, and UMB Bank and J.P. Morgan joining RBC as joint lead arrangers and joint book runners. Citibank as well as Goldman Sachs Bank will also a member of the syndicate.

Since 2010, the time of Dynasty’s founding, Dynasty has grown and maintained its status as a independent wealth management platform provider, and currently boasts more than 48 network partners totaling collectively more than $68 billion AUA. Dynasty will use the new credit facility to maintain and grow its cutting-edge technology, intellectual capital, integrations and capabilities to support its network partners, in addition to other strategic investments through its Capital Strategies offering.

“This new facility provides us with significant dry powder to continue to drive growth in the business and further enhance our service offering,” Justin Weinkle, CFO of Dynasty, said. “We are thrilled to work with RBC, Goldman Sachs, Citi, J.P. Morgan and UMB, and we look forward to building upon our relationship with these world-class institutions.”