SmartRIA®, the leading compliance management software provider to registered investment advisors (RIAs), is excited to announce a second strategic investment round from Dynasty Financial Partners and MarketCounsel. This new investment underscores the partnership between the companies and reinforces their commitment to supporting SmartRIA's continued expansion into enterprise compliance management.
With the new investment, SmartRIA is committed to continuing to accelerate the development and implementation of enterprise functionality that addresses the needs of large financial institutions. Through the ongoing partnership with Dynasty and MarketCounsel, SmartRIA has curated a list of new enterprise functionality that is specifically designed to meet the complex compliance requirements of large organizations.
"SmartRIA is delighted to receive a second strategic investment from Dynasty and MarketCounsel," said Mac Bartine, CEO of SmartRIA. "This investment will enable us to further our mission of providing best-in-class compliance management solutions to our clients. We are proud to partner with Dynasty and MarketCounsel as we continue to innovate and develop new technology solutions that meet the needs of our clients."
Shirl Penney, CEO of Dynasty Financial Partners, added, "We are thrilled to reaffirm our partnership with SmartRIA through this second strategic investment round. We have seen firsthand the value that SmartRIA's technology brings to the financial industry, and we look forward to continuing to support their growth and success. Dynasty will continue to selectively make investments in the RIA ecosystem in assets that add value to our RIA clients and the wealth management clients they serve."
Sam Anderson, Dynasty’s Head of Corporate Development, will be joining SmartRIA’s board of directors. Prior to joining Dynasty, Mr. Anderson was Senior Managing Director and a member of the Management Committee at Medley Management Inc. Before his time at Medley, he served as Head of Commercial Finance M&A within the Financial Institutions Investment Banking Group at Goldman Sachs.
Brian Hamburger, President and CEO of MarketCounsel, said, "RIAs continue to navigate an increasingly complex regulatory and risk landscape and the best firms are committed to comprehensive solutions that pair cutting edge technology with domain human expertise to protect their firms. SmartRIA’s innovative compliance management application and their renewed focus on strategic partnerships has created peace of mind for our RIA member firms while making compliance more collaborative and operationally efficient. We are excited to continue our collaboration with SmartRIA and support their growth as they expand their capabilities."
SmartRIA's Software as a Partnership® is a testament to the company's commitment to partnership and collaboration in the development of innovative compliance management solutions. The company recognizes the critical role that industry partnerships have played in its success and looks forward to building on these relationships in the future.
