Saturday, September 10, 2022
HomeLife InsuranceSanctuary Wealth Picks Up 2 Advisor Groups From Merrill

Sanctuary Wealth Picks Up 2 Advisor Groups From Merrill

Mittman has 24 years of funding administration expertise, the previous 14 with Merrill Non-public Wealth Administration, the place he labored with a small variety of UHNW households, establishments and personal foundations.

Earlier than creating Auric, McKelvy and Schellenberg every spent 25 years with Merrill Lynch Wealth Administration and every held the twin titles of wealth administration advisor and senior vice chairman.

“We made the choice to associate with Sanctuary Wealth somewhat than arrange our personal RIA as a result of after many years within the wirehouse atmosphere, we had an incredible expertise in serving shoppers, however didn’t need to must tackle the duty of issues like compliance and expertise that have been outdoors of our consolation zones,” in line with McKelvy, who’s serving as Auric associate and managing director of operations.

“Sanctuary provided us the kind of assist we have been used to getting, however with the liberty to handle our enterprise as we noticed match,” McKelvy mentioned in an announcement. “We will personal the consumer relationship and their data, and but we’ve got a powerful associate to help us on the features of the enterprise that by no means contact the consumer. It’s actually the perfect of each worlds.”

“After we met with the group at Sanctuary, we have been immediately snug with their tradition and the way they’ve constructed their enterprise mannequin,” added Schellenberg, Auric associate and managing director, advisory. ”It was a refreshing change from what we had skilled up to now and positively received us excited.”

Additionally becoming a member of Auric as companions are Jeffrey A. Dewees and Arman Melikian, every managing director, investments; and Jay Tamkoc, managing director, advisory.

Sanctuary Wealth’s community now contains associate companies in 27 states throughout the U.S. with about $25 billion in property underneath advisement. The agency contains the absolutely owned subsidiaries Sanctuary Advisors, a registered funding advisor; Sanctuary Securities, a broker-dealer; Sanctuary Different Holdings; Sanctuary Asset Administration; Sanctuary Insurance coverage Options; Sanctuary International; and Sanctuary International Household Workplace.

(Pictured: A Merrill Lynch department workplace; Picture: Shutterstock)



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments