# Sanctuary vs. Dynasty: Supported-independence platforms compared

URL: https://www.financialadvsr.com/compare/sanctuary-vs-dynasty
Updated: 2026-10-10
Publisher: Financial ADVSR (https://www.financialadvsr.com)

Sanctuary Wealth and Dynasty Financial Partners both help breakaway advisors run their own firms, but their size, ownership and economics differ. Dynasty reported more than $125 billion in platform assets, more than 500 advisors and 58 partner firms as of February 2026, while Sanctuary reported $65.7 billion in client assets across 125 partner firms as of June 30, 2026. Italy's Azimut Group owns 55% of Sanctuary, while Dynasty is privately held with minority investors including Charles Schwab, BlackRock and Fortress. Dynasty's services were reported in 2019 to cost partners 15% to 20% of gross revenue; Sanctuary's profile doesn't include a fee figure.

## Key differences

- Size: Sanctuary reported $65.7 billion in client assets and 125 partner firms as of June 30, 2026. Dynasty reported more than $125 billion in platform assets, more than 500 advisors and 58 partner firms as of Feb. 5, 2026. [1] [2]
- Ownership: Azimut Group's U.S. arm acquired 55% of Sanctuary in a deal that closed February 2021. Dynasty is private, with minority investors including Charles Schwab and Abry Partners (since December 2022), BlackRock and J.P. Morgan Asset Management (October 2024) and Fortress Investment Group (February 2026). [3] [4]
- Platform: Sanctuary partner firms use its hybrid RIA platform, technology and operations, and RIAs can also join through tru Independence, acquired in 2024. Dynasty partner RIAs keep their brand and equity and buy its core platform of technology, operations, compliance and investment services. [1] [5] [6]
- Fees: Dynasty charges partners a basis-point fee on assets or a percentage of revenue, per its 2022 IPO filing; InvestmentNews reported in June 2019 that services typically cost 15% to 20% of gross revenue. [6] [7]
- Capital for advisors: Sanctuary makes minority investments in partner firms and funds their acquisitions, backed in part by a $175 million Kennedy Lewis note from 2022. Dynasty buys a minority share of partner revenue, a weighted average of 5% in 2021, and its 2019 Freedom Note offered up to 100% of trailing revenue as an eight-year forgivable loan. [8] [9] [6] [7]
- Growth: Sanctuary recruited $12.7 billion in assets over the 12 months to June 30, 2026, including more than $5.9 billion in the first half of 2026. [1]

## Questions

**Is Dynasty bigger than Sanctuary?** By assets, yes. Dynasty reported more than $125 billion in platform assets as of February 2026, while Sanctuary reported $65.7 billion in client assets as of June 30, 2026. Sanctuary reported more partner firms, 125, versus 58 for Dynasty.

**Who owns Sanctuary Wealth and Dynasty?** Azimut Group holds a 55% stake in Sanctuary, acquired in 2021. Dynasty is privately held with minority investors including Charles Schwab, Abry Partners, BlackRock, J.P. Morgan Asset Management and Fortress Investment Group; it withdrew a planned IPO in December 2022.

**How much does Dynasty or Sanctuary cost advisors?** InvestmentNews reported in 2019 that Dynasty's platform services typically cost partner firms 15% to 20% of gross revenue, with advisors keeping the rest and all of their equity. Our Sanctuary profile doesn't include a fee figure, so we can't compare them.

**Do Dynasty and Sanctuary provide upfront capital?** Both have. Dynasty's Freedom Note, launched in 2019, offered qualified breakaways up to 100% of trailing-12-month revenue as an eight-year forgivable loan. Sanctuary makes minority investments in partner firms and said in 2020 it would fund their acquisitions of other practices.

Sources:
[1] Pulse 2.0 (Sanctuary Wealth release): Sanctuary Wealth Adds $5.9 Billion In First Half Of 2026, Lifting Total Client Assets To $65.7 Billion (https://pulse2.com/sanctuary-wealth-adds-5-9-billion-in-first-half-of-2026-lifting-total-client-assets-to-65-7-billion/)
[2] Pulse 2.0 (Dynasty Financial Partners release): Dynasty Financial Partners: Wealth Management Platform Closes Minority Capital Raise (https://pulse2.com/dynasty-financial-partners-wealth-management-platform-closes-minority-capital-raise/amp/)
[3] Azimut Group: Azimut completes the acquisition of Sanctuary Wealth, creating an integrated platform and reaching almost $10 billion in total AuM in the USA (https://emarketstorage.it/sites/default/files/comunicati/2022-05/20210222_90581.pdf)
[4] WealthManagement.com: Dynasty Sells Sixth Minority Stake to Investor Consortium (https://www.wealthmanagement.com/ria-news/dynasty-financial-sells-sixth-minority-stake-since-2010-founding-to-investor-consortium)
[5] ThinkAdvisor: Sanctuary Wealth Buys $12.5B RIA Platform tru Independence (https://thinkadvisor.com/2024/05/01/sanctuary-wealth-buys-12-5b-ria-platform-tru-independence)
[6] Dynasty Financial Partners Inc. (SEC Form S-1): Dynasty Financial Partners Inc. - Form S-1 (https://www.sec.gov/Archives/edgar/data/1879560/000110465922005508/tm2126636-10_s1.htm)
[7] InvestmentNews: Dynasty offers forgivable notes to advisers going independent through firm (https://www.investmentnews.com/ria-news/dynasty-offers-forgivable-notes-to-advisers-going-independent-through-firm/79887)
[8] WealthManagement.com: Sanctuary Wealth to Finance Partner Firm Acquisitions (https://www.wealthmanagement.com/mergers-acquisitions/sanctuary-wealth-to-finance-partner-firm-acquisitions)
[9] Funds Society: Sanctuary Wealth signs a binding agreement with Kennedy Lewis to finance its next stage of growth (https://www.fundssociety.com/en/news/negocio/sanctuary-wealth-signs-a-binding-agreement-with-kennedy-lewis-to-finance-its-next-stage-of-growth-2/)