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.
By Alex Padalka, Financial Advisor IQ – Sanctuary Wealth says it has helped yet another team of Merrill Lynch financial advisors go independent. Raleigh, N.C.-based RHA Wealth includes managing directors John Rumsey, Robert Hartinger and Clark Abbott and registered senior wealth associate Ashley Rushin, Sanctuary says. The group manages roughly $250 million, according to the firm.
Louis Diamond Featured [podcast] – Louis Diamond of Diamond Consultants joins Barrett Ayers of Adhesion Wealth, and Jim Dickson of Sanctuary Wealth in a podcast episode for IRIS.xyz series “Power Your Advice.”
By Jake Martin, Citywire – Sanctuary Wealth has added former Ameriprise Financial advisor Travis Grieb and his new firm, Centeras Private Wealth, to its partner network. Grieb, who spent the last 14 years with Ameriprise, will launch his new business in Portsmouth, New Hampshire.
By Jake Martin, Citywire – Sanctuary Wealth has widened its footprint in the upper Midwest with the addition of Fjell Capital, a two-person team based in Fargo, North Dakota, to its advisor network. Led by Tom Stadum, the team was formerly affiliated with UBS and has about $150m in assets under management.
3 “ex-wirehouse-turned-independent-industry-leaders” in a rare single forum: Shirl Penney of Dynasty Financial Partners, Jim Dickson of Sanctuary Wealth and Rich Steinmeier of LPL Financial. They join Mindy Diamond to share an “insider’s view” of the wirehouse world, wealth management, independence, and more.
Press-Release: Ex-Wirehouse Turned Independent Leaders Featured in Milestone Episode of Podcast Series for Financial Advisors, Mindy Diamond on Independence
July 22, 2020 Mindy Diamond Quoted A podcast that the host had initially planned as a “handful of episodes” surpasses 100,000 downloads and is airing a special broadcast with independent industry leaders Shirl Penney, President and CEO of Dynasty Financial Partners, Jim Dickson, CEO and Founder of Sanctuary Wealth, Rich...
Oisin’s Bits: Sanctuary adds breakway No. 26 to $10 billion haul, reeling in Morgan Stanley firm eager to shed ‘old mindset’
Louis Diamond Quoted – By Oisin Breen, RIABiz – Sanctuary Wealth just poached yet another breakaway, its 26th in the sixteen months since its founding in 2018. The addition of Des Moines, Iowa-based PrairieFire Wealth Planning adds $100 million to Sanctuary’s sizeable asset haul, bringing the total to $10.1 billion.
Some 42% of the advisory practices that have joined Sanctuary come from Merrill.
By Ian Wenik, Citywire – Sanctuary Wealth has added a former UBS broker in San Francisco to its platform. Courtney Jones left the wirehouse on Friday to found Credo Wealth Management, according to her Securities and Exchange Commission (SEC) registration details. AdvisorHub first reported Jones’ breakaway.
By Garrett Keyes, Financial Advisor IQ – The financial advice team of Enclave Wealth Advisors, responsible for $275 million in client assets, has left Merrill Lynch for independence through Sanctuary Wealth’s network of financial advisories, according to a Sanctuary press release.
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