February 10, 2025
By Alex Ortolani
A former UBS registered investment advisor has left the firm to start her own RIA in partnership with support platform Sanctuary Wealth.
Kristin Larson has launched NewSpring Wealth Partners, which has about $200 million in client assets and two client support staff members based in Minneapolis.
The firm, which will custody with Charles Schwab, is focused on “complete financial planning and investment management solutions.”
Larson is hanging a shingle after working for over nine years at UBS, most recently as senior vice president, wealth management and financial advisor at Carlson Larson Wealth Management. Before that role, she had worked as a client associate with Wells Fargo and paraplanner and office manager with Ameriprise Financial.
Larson’s “accomplishments so early in her career are admirable—already being recognized as one of the top next-gen and top woman advisors in the industry,” Vince Fertitta, president of Sanctuary Wealth, said in a statement. “By choosing independence, she has unlocked a valuable asset with a fantastic growth trajectory and can now serve as a true fiduciary for her clients, offering them expanded support, enhanced technology and objective investment solutions.”
Larson is following a path many wirehouse advisors have taken to shift to an RIA practice. Cerulli Associates, which tracks advisor breakaways, projects that more than 500 wirehouse advisors move to independent or hybrid RIA models yearly.
