Sanctuary Wealth, a wealth management platform for advisors who want to build their own practices based in Indianapolis, announced Famiglia Wealth in Bloomfield Hills as its first independent partner in Michigan, adding $700 million in assets.
“Through recruiting breakaways across the country and making strategic acquisitions, Sanctuary has been accelerating the pace of our long-term growth strategy as we continue to attract the most outstanding teams in each of the new markets we enter,” says Jim Dickson, CEO and founder of Sanctuary Wealth.
Famiglia consists of four advisors: Robert F. Alati, managing director and founder; Jason Geisz, CEO and founder; Beth Silver, managing director and founder; and Adam Biswanger, wealth advisor. It also has a team of three support personnel.
“The team at Famiglia Wealth has over 150 years of collective experience in this industry. They are fiercely dedicated to their clients and have developed an impressive track record over time,” says Dickson. “We’re extremely proud that they have chosen partnered independence with Sanctuary and are our first team in Michigan.”
The firm joins Sanctuary with approximately $700 million in assets under management. Alati has served in the investment industry for more than 60 years. Geisz has more than 20 years’ experience, while Silver has more than 15, and Biswanger more than 10.
“We were courted by every major firm in the industry while we did our due diligence. But after considering all the options and which one was the best solution for our clients, Sanctuary was the obvious choice,” says Geisz.
“With Sanctuary, we have access to a broader product selection, more research from more sources and best-in-class technology, all of which works to the benefit of our clients. As an independent firm we’ll be able to communicate with our clients more easily and use social media much more effectively.”
The Sanctuary Wealth network includes partner firms across 22 states with over $18.5 billion in assets under advisement.
“Jason, Bob, Beth, and Adam all understand that client satisfaction is what drives business success,” says Vince Fertitta. “Becoming a Sanctuary partner will allow them to offer clients solutions that were previously unavailable as well as provide the opportunity to build a business enterprise and have a positive impact on their community.”