Transition Announcement: Independent Firms Unite via Sanctuary Wealth’s Partnership Program
Independent Firm Marriott Wealth Advisors Joins mFORCE Capital via Sanctuary Wealth’s Partnership Program
Sanctuary Wealth Accelerates M&A Activity with 2 More Deals
By Ali Hibbs, WealthManagement.com – One acquisition will bolster Sanctuary’s retirement plan offerings, while the other will add $150 million in assets under management in Arkansas.
Sanctuary Wealth Accelerates M&A Activity with 2 More Deals
By Ali Hibbs, WealthManagement.com – Sanctuary Wealth announced the acquisition of Marriott Wealth Advisors in Hot Springs Village, Ark., which will become a division of Sanctuary partner firm mFORCE Capital in Fort Worth, Texas.
“We Really Do Feel Like We Have a Voice.”
By Meghan Seawell, AdvisorHub – Going independent is a big decision. For Adam Goldstein, it became a foregone conclusion. When the Arizona advisor – named Best-in-State Wealth Advisor by Forbes in 2020 – learned about LPL Financial’s new breakaway solution, Strategic Wealth Services, he knew he had found something intriguing.
Sanctuary adds $1.22b ex-Merrill Lynch team
By Cynthia Fernandez, FinancialPlanning – Sanctuary wealth signed a four-person ex-Merrill Lynch Wealth Management team that managed $1.22 billion in assets, according to the firm. Advisor Bradley Bruce, of the former Bruce Wealth Management Group at Merrill, founded mFORCE Capital in Fort Worth, Texas.
Another Big Team Bids Farewell to Merrill Lynch, Signs With Sanctuary Wealth
By Ross Snel, Barron’s – An advisor team that managed $1.2 billion at Merrill Lynch has left the thundering herd to establish an independent wealth management firm in partnership with Sanctuary Wealth. Led by Bradley Bruce, a veteran of nearly 33 years at Merrill, the four-person team has launched mForce Capital in Fort Worth, Texas. At Merrill, the group was known as Bruce Wealth Management Group.
Interim Moves: A Growing Trend Among Advisors
By Deborah Aronson – Advisors choose to move from one wirehouse to another for a number of reasons, not the least of which is their turnkey nature and brand cachet. In the last few years, though, a new motivator has emerged: the desire to make an interim move before making the leap to independence.
Next Gen Advisors Are Questioning Whether “Inheriting a Book” is Really Worth it
By Deborah Aronson, WealthManagement.com – Wirehouse retire-in-place or sunset programs offer senior financial advisors access to their firms’ built-in succession plans and a pathway to unlocking liquidity, while next gen advisors stand to grow their asset base. But rather than just sign on the dotted line, next gen inheritors (and their senior partners) are hitting the pause button and striving to be more educated consumers.
LPL adds $380m RBC team through ex-wirehouse channel
By Ian Wenik, Citywire – LPL has added its fifth team to its wirehouse breakaway channel. The independent broker-dealer said Thursday that ex-RBC Wealth Management advisors George Chardukian, Adam Goldstein and Maria Peralta, have exited the brokerage firm to set up Adara Wealth Management in Tucson, Ariz.
Working from Home: For Some Advisors, It’s a Test Drive of Independence
By Deborah Aronson, WealthManagement.com – Long before the pandemic hit, the independent space was gaining traction among advisors craving greater control over their business lives along with a better way to serve clients. Yet, there’s a population of advisors who watched from the sidelines as their respected colleagues made the leap. That is, advisors who had growing frustrations with their firms’ and yearned for the freedom and flexibility of independence, but were besieged by concerns about leaving the comfort, familiarity and infrastructure of the brokerage model.
