Sanctuary Wealth Adds $5.9 Billion in Assets Amid Breakaway Surge

The Miami-based firm, which specializes in facilitating the transition of advisors from wirehouses to independent models, has seen its recruited assets over the trailing 12-month period reach $12.7 billion. Since CEO Adam Malamed took the helm in February 2023, the organization has aggressively expanded its affiliation options and completed strategic acquisitions to broaden its service capabilities.

This growth strategy has successfully scaled the firm’s network from 68 to 125 partner firms. Recent additions include StackStone Wealth, which brought $1.9 billion in assets, and Miller Asher Private Wealth, contributing $1.1 billion. According to Malamed, the firm’s model focuses on providing the liquidity and operational support necessary for advisors to monetize their practices while maintaining an entrepreneurial focus. Vince Fertitta, President of Wealth Management, noted that the quality of these incoming teams serves as a critical competitive advantage, fostering a culture of shared expertise among independent practitioners.