Sanctuary Wealth Welcomes New Merrill Lynch Advisor to Support Growth
Sanctuary Wealth, a leading platform for elite financial advisors, continues to cement its reputation in the wealth management industry by welcoming Mitch Benedon, a former Senior Financial Advisor at Merrill Lynch, to their partner firm Eclipse Private Wealth Management. The move signifies a significant step in Sanctuary's mission to provide their partner firms with the necessary tools and support to thrive in an ever-evolving financial landscape.
Founded with a commitment to fostering growth and independence among its advisors, Sanctuary Wealth offers innovative solutions through its Enterprise Partner Program. This program is designed to facilitate inorganic growth for partner firms, enabling them to expand and enhance their service offerings. Bendodon’s decision to join Eclipse is a testament to the potential that Sanctuary’s initiatives hold for financial advisors looking to elevate their careers.
Benedon, who established a remarkable $50 million book of business in just five years at Merrill Lynch, is set to bring his extensive experience and client-first philosophy to Eclipse. The firm's founder, Alex Freedman—who started Eclipse with her father in 2024—describes Benedon as a perfect addition to the team due to his impressive track record and dedication to client service. Freedman emphasized the importance of Sanctuary's support and guidance throughout the transition, noting that the strategic framework provided by the Enterprise Partner Program has been instrumental in structuring beneficial arrangements for the firm and its incoming advisors.
The Enterprise Partner Program was launched to complement the capital investment Sanctuary provides to partner firms, designed to facilitate the recruitment of new advisors into established practices. The program involves a rigorous educational curriculum aimed at empowering firm leadership to successfully cultivate business through targeted mergers and acquisitions (M&A) activities. Vince Fertitta, the President of Sanctuary Wealth, underscored Sanctuary's commitment to creating an environment where partner firms can achieve accelerated growth through these unique opportunities.
With the successful onboarding of Benedon, Eclipse Private Wealth Management is poised to flourish as it adopts the growth strategies laid out during the Enterprise Partner Program. Michael Longley, Chief Growth Officer at Sanctuary, remarked on the efficacy of the program, indicating that the firm is already gaining momentum in its growth trajectory following its completion.
Benedon’s experience in helping clients identify and prioritize their financial goals has earned him a respected place within the industry. As a next-generation advisor, he specializes in multi-generational wealth management—a critical aspect for many affluent families planning for sustained financial health across generations. His transition to Eclipse aligns with his aspirations for becoming a more independent entrepreneur, allowing him to prioritize the needs of his clients with enhanced resources and technological support.
Expressing enthusiasm for his new role, Benedon articulated his excitement about joining a firm that provides a more versatile and supportive environment compared to traditional corporate settings. He acknowledged that the comprehensive resources and improved technology available at Sanctuary will greatly impact his ability to serve his clients effectively.
Sanctuary Wealth operates under a model designed to equip advisory firms with the flexibility and independence needed to build lasting equity in their practices while ensuring personalized service for clients. With over 125 partnered firms across 32 states managing more than $50 billion in assets on their platform, Sanctuary continues to pave the way for advisors seeking to elevate their business.
Eclipse Private Wealth Management is dedicated to delivering bespoke financial solutions and personalized services aimed at safeguarding family wealth and securing a prosperous future for generations. The welcoming of Mitch Benedon is anticipated to enhance the firm's capabilities, fostering an environment conducive to growth and client satisfaction.
For more information on Sanctuary Wealth and Eclipse Private Wealth Management, visit their respective official websites.
Founded with a commitment to fostering growth and independence among its advisors, Sanctuary Wealth offers innovative solutions through its Enterprise Partner Program. This program is designed to facilitate inorganic growth for partner firms, enabling them to expand and enhance their service offerings. Bendodon’s decision to join Eclipse is a testament to the potential that Sanctuary’s initiatives hold for financial advisors looking to elevate their careers.
Benedon, who established a remarkable $50 million book of business in just five years at Merrill Lynch, is set to bring his extensive experience and client-first philosophy to Eclipse. The firm's founder, Alex Freedman—who started Eclipse with her father in 2024—describes Benedon as a perfect addition to the team due to his impressive track record and dedication to client service. Freedman emphasized the importance of Sanctuary's support and guidance throughout the transition, noting that the strategic framework provided by the Enterprise Partner Program has been instrumental in structuring beneficial arrangements for the firm and its incoming advisors.
The Enterprise Partner Program was launched to complement the capital investment Sanctuary provides to partner firms, designed to facilitate the recruitment of new advisors into established practices. The program involves a rigorous educational curriculum aimed at empowering firm leadership to successfully cultivate business through targeted mergers and acquisitions (M&A) activities. Vince Fertitta, the President of Sanctuary Wealth, underscored Sanctuary's commitment to creating an environment where partner firms can achieve accelerated growth through these unique opportunities.
With the successful onboarding of Benedon, Eclipse Private Wealth Management is poised to flourish as it adopts the growth strategies laid out during the Enterprise Partner Program. Michael Longley, Chief Growth Officer at Sanctuary, remarked on the efficacy of the program, indicating that the firm is already gaining momentum in its growth trajectory following its completion.
Benedon’s experience in helping clients identify and prioritize their financial goals has earned him a respected place within the industry. As a next-generation advisor, he specializes in multi-generational wealth management—a critical aspect for many affluent families planning for sustained financial health across generations. His transition to Eclipse aligns with his aspirations for becoming a more independent entrepreneur, allowing him to prioritize the needs of his clients with enhanced resources and technological support.
Expressing enthusiasm for his new role, Benedon articulated his excitement about joining a firm that provides a more versatile and supportive environment compared to traditional corporate settings. He acknowledged that the comprehensive resources and improved technology available at Sanctuary will greatly impact his ability to serve his clients effectively.
Sanctuary Wealth operates under a model designed to equip advisory firms with the flexibility and independence needed to build lasting equity in their practices while ensuring personalized service for clients. With over 125 partnered firms across 32 states managing more than $50 billion in assets on their platform, Sanctuary continues to pave the way for advisors seeking to elevate their business.
Eclipse Private Wealth Management is dedicated to delivering bespoke financial solutions and personalized services aimed at safeguarding family wealth and securing a prosperous future for generations. The welcoming of Mitch Benedon is anticipated to enhance the firm's capabilities, fostering an environment conducive to growth and client satisfaction.
For more information on Sanctuary Wealth and Eclipse Private Wealth Management, visit their respective official websites.
Topics Financial Services & Investing）
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