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https://www.barrons.com/advisor/articles/dynasty-sells-minority-stake-charles-schwab-abry-partners-51671231849

Dynasty Scraps IPO Plans, Sells Minority Stakes to Schwab and PE Firm Abry Partners

By
Andrew Welsch
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Dynasty Financial Partners is shelving its IPO plans and instead is selling minority stakes to Charles Schwab and private-equity firm Abry Partners, the company said.

The St. Petersburg, Fla.-based firm, which provides technology and asset management services to advisors, had filed to go public in January, but this year’s topsy-turvy markets forced a rethink, Dynasty CEO Shirl Penney tells Barron’s Advisor.

“The...

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