&Partners Adds $700M in Assets; Sanctuary and AmeriFlex Announce Strategic Moves
The Registered Investment Advisor (RIA) sector sees significant consolidation and strategic expansion as &Partners adds two new practices, 1796 Private Wealth and Nemec Wealth Advisors, bringing $700 million in prehire assets. This growth pushes &Partners' total network to approximately $54 billion in assets across 114 advisor teams. The added firms transition from major wirehouses Wells Fargo and Edward Jones, respectively. Concurrently, Sanctuary Wealth expands its footprint into Idaho by partnering with Iron North Private Wealth, a former UBS team managing $350 million in client assets. Founded by Brad Desormeaux and Abigail Allsup, the team seeks greater independence and control over client services. Additionally, the AmeriFlex Group nationally launches SuccessionFully, a unified platform designed to streamline succession planning for financial advisors. This tool addresses common execution failures in transition plans by offering deal structuring, marketplace access, and partial liquidity options, allowing advisors to monetize up to 49% of revenue while maintaining practice continuity. These moves highlight ongoing trends of advisors leaving traditional brokerages for independent models and seeking robust infrastructure for business continuity.
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&Partners Adds $700M in Assets; Sanctuary and AmeriFlex Announce Strategic Moves
The Registered Investment Advisor (RIA) sector sees significant consolidation and strategic expansion as &Partners adds two new practices, 1796 Private Wealth and Nemec Wealth Advisors, bringing $700 million in prehire assets. This growth pushes &Partners' total network to approximately $54 billion in assets across 114 advisor teams. The added firms transition from major wirehouses Wells Fargo and Edward Jones, respectively. Concurrently, Sanctuary Wealth expands its footprint into Idaho by partnering with Iron North Private Wealth, a former UBS team managing $350 million in client assets. Founded by Brad Desormeaux and Abigail Allsup, the team seeks greater independence and control over client services. Additionally, the AmeriFlex Group nationally launches SuccessionFully, a unified platform designed to streamline succession planning for financial advisors. This tool addresses common execution failures in transition plans by offering deal structuring, marketplace access, and partial liquidity options, allowing advisors to monetize up to 49% of revenue while maintaining practice continuity. These moves highlight ongoing trends of advisors leaving traditional brokerages for independent models and seeking robust infrastructure for business continuity.
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