#United States #Miami #UBS #Sanctuary Wealth #1280 Financial

Sanctuary Wealth Partners with 1280 Financial Partners in $2 Billion Transition

Sanctuary Wealth, a leading firm that empowers elite financial advisors with enhanced independence, has officially announced the addition of 1280 Financial Partners to its expansive network. This partnership marks a substantial transition from UBS, as the newly independent firm begins managing approximately $2 billion in client assets.

Who is 1280 Financial Partners?

1280 Financial Partners comprises a collective of experienced advisors who had previously been affiliated with UBS. Established in 2021 with the mission to provide tailored financial services, the firm has gained a reputation by focusing on high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals, families, and various institutional clients. Their team, which operates from offices in Fort Myers, Florida; Sandusky, Ohio; Augusta, South Carolina; and Miami, Florida, includes reputable professionals such as Tom Burt, Duane Ohly, Charlie Todd, John McGee, and several other senior managers who bring extensive industry expertise to the table.

Why Transition to Sanctuary?

According to Vince Fertitta, President of Sanctuary Wealth, the decision by 1280 Financial to partner with Sanctuary was not made lightly. After conducting thorough due diligence over several years, the team sought a collaborator with a deep experience in transitioning top-performing financial teams to a more independent model. They required advanced technological support and a partner who understood the complex needs of their high-profile clients, which Sanctuary was able to provide.

Fertitta highlighted Sanctuary’s capability to offer comprehensive solutions to client opportunities while preserving the unique culture that makes their network successful. By joining Sanctuary, 1280 Financial can deliver enhanced services without the constraints typically associated with traditional wirehouses.

Tailored Solutions and Expertise

1280 Financial Partners is not just any financial advisory firm; it specializes in various sectors, particularly in providing investment strategies for insurance, corporate, government, and non-profit clients through their Institutional Consulting Division. The firm is recognized for its customized asset allocation strategies tailored for captive insurance firms, a niche market that requires an intricate understanding of institutional investment practices.

Tom Burt, one of the Managing Partners, shared insights regarding their choice of Sanctuary as a strategic partner: “We needed a firm that matched our passion for serving our clients and understood our business model. Sanctuary's flexible approach, combined with its creative solutions catered to our specific needs, made them an ideal partner.”

Commitment to Client Experience

One of the most appealing aspects of transitioning to Sanctuary is the emphasis on providing a superior client experience. The new infrastructure enables 1280 Financial to focus on their clients without the burden of bureaucratic restrictions that exist in larger institutions. This autonomy allows advisors not only to elevate the service they provide but also to build deeper relationships with their clients.

As part of establishing an independent identity, 1280 Financial is now equipped to offer their clients a more personalized experience. The support from Sanctuary Wealth plays a critical role in this ambition, as they provide tools and resources designed to enhance client engagement.

The Road Ahead

Looking toward the future, Sanctuary Wealth is poised to expand its influence and offerings within the financial services industry. The partnership with 1280 Financial Partners is expected to drive further growth and innovation. Adam Malamed, CEO of Sanctuary Wealth, stated that their goal is to create an environment that is both rewarding and beneficial for partner firms, and the collaborative opportunities extend beyond just one firm.

This partnership exemplifies the growing trend of advisors seeking more independence while still having the resources and support needed to thrive in a competitive market. With a shared commitment to client service excellence, 1280 Financial Partners is ready to carve its path as a notable independent firm, backed by Sanctuary Wealth’s robust infrastructure and strategic insight.

Sanctuary Wealth’s network now includes more than 120 partner firms across 30 states, collectively managing around $50 billion in assets. As they welcome 1280 Financial into the fold, both organizations share a commitment to innovation and excellence in client service, setting a new standard in the wealth management industry.

Conclusion

In summary, the launch of 1280 Financial Partners under the Sanctuary Wealth umbrella signifies a pivotal change in the financial advisory landscape. By fostering independence, promoting a comprehensive approach to client services, and ensuring the optimal resources are available, Sanctuary Wealth solidifies its position as a leading platform for elite advisors in an evolving industry.