Dynasty Financial Partners attracted $100 million of investment capital and now it is investing it forward, so to speak.
It just invested in start-up financial technology company BridgeFT, taking a minority stake in the data analytics and portfolio reporting software company.
Frank Coates, Dynasty’s chief technology officer, will take a seat on BridgeFT’s board.
Coates was previously one of Envestnet’s top data wranglers, serving as the Chicago giant’s co-president for data and analytics after it bought Wheelhouse Analytics in 2016. He was CEO there.
BY Oisin Breen
