The Hill Group Exits Morgan Stanley for Sanctuary Wealth
July 7, 2020
Barbara Herman Quoted
By Asia Martin
When Emily Bowersock Hill read about Evans May Wealth joining Sanctuary Wealth Management from Merrill Lynch in 2019, she found a familiar story. The Indianapolis-based women-led firm sounded a lot like that of The Hill Group, a practice she started with her now retired father, Stephen Hill, that managed $500 million at Morgan Stanley.
Barbara Herman, senior vice president at Diamond Consultants, said the firm could have gone anywhere, including fully independent, but belonging to a network of other advisors and a hybrid parent firm that not only provides various kinds of support but also speaks the wirehouse language the team grew up on is of greater importance.