August 12, 2022
By Andrew Welsch
Another big wirehouse team has bid adieu and gone Independent.
An ex- UBS team that managed $770 million signed with Sanctuary Wealth, opening an independent practice in Montgomery, Ala.
It’s the latest in a series of wins for Sanctuary, which helps wirehouse advisors go independent. In July, Sanctuary got a $175 million investment from Kennedy Lewis Investment Management—funds that the firm said would be used to accelerate its growth via recruiting and acquisitions.
The latest advisors to join Sanctuary’s network call their new independent firm Marble Wealth. The group includes CEO Partner Matthew Murphy, COO Partner Rebecca Baker, and Chief Investment Officer Adam Rogers, who previously worked as a portfolio manager at The Retirement Systems of Alabama, the administrator of the state’s employee pension fund. It’s a young group of wealth managers, especially for a profession in which the average advisor is in their 50s. Baker and Rogers are 41, while Murphy is 38.
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This post first appeared on Perspectives For Financial Advisors From Diamond Consultants, please read the originial post: here
