A team of UBS -related counselors managing about $ 2 billion in client assets has moved to the Sanctanty Wealth partner network.
The Hybrid RIA team, called 1280 financial partners, will become part of Sanctuary's capital partnershipWith Sanctuary taking part of RIA minorities with offices in Florida, Ohio and South Carolina.
The team made this action after “years” of proper care, according to a announcement that firms made on Friday.
In addition to the asset management services, 1280 will bring its institutional counseling to Sanctanty, which ensures assets management for insurance, corporate, government, nonprofits and funds. The firm also offers a captured insurance business to be made available to other partner firms, a sanctuary product called “Rarely available in independent space”.
The team joining Sanctuary includes managing partners and senior Tom Burt portfolio managers, Duane Ohly, Charlie Todd and John McGee, along with four senior vice and four support staff.
“In contrast to the Wirehouse's environment we have left, we are no longer employees trying to fight for our clients as we compete against the interests of shareholders,” Burt managing partner said in a statement. “Sanctanty has proven to be just as ruthless in their commitment to serve us while we are serving our clients and it is good to have a partner who is just as focused on increasing the value of our enterprise as we are.”
The firm was named by her two initial offices in Fort Myers, Fla., And Sandusky, Ohio, which are 1,280 miles away.
SANCTARY NETWORK There are more than 120 partner firms in 30 countries with about $ 50 billion as wealth on its platform.
Sanctuary has supported Azimut, an Italy -based assets manager and Kennedy Lewis's investment management, according to Filings.