Sanctuary Wealth Expands Network with New $190 Million Advisor Addition
Sanctuary Wealth, a prominent enterprise geared towards financial advisory success, has made a significant addition to its network by welcoming Bryan Blackburn, a seasoned Certified Financial Planner (CFP®) and former independent advisor at Carnegie Investment Counsel. Blackburn, who managed over $190 million in client assets, joins Alluvial Private Wealth as Vice President and co-owner of its Cleveland operations. This strategic move marks a notable expansion for Alluvial, bolstering its total client assets to over $1.2 billion across its two locations.
Founded by Lars Olson, CFP®, in January 2021, Alluvial Private Wealth emerged from a hefty transition from Merrill Lynch with an existing book size of $435 million. The partnership with Sanctuary has catalyzed the firm's growth ambitions, allowing it to achieve significant milestones year after year. As Olson expressed, bringing Blackburn on board is a pivotal step in their long-term growth strategy, driven by a commitment to expand their team with successful practices annually.
Olson emphasizes his excitement for Brooklyn's addition: "Bryan has established a remarkable business in Ohio, and we are eager to channel his expertise into driving our Cleveland branch to new heights. We're grateful for the support provided by Sanctuary through its Enterprise Partner Program, which made this collaboration possible and facilitated a seamless transition."
Sanctuary's Enterprise Partner Program serves to advance partner firms' inorganic growth strategies by offering operational and financial backing aimed at integrating new advisors into existing frameworks. This support system allows firms like Alluvial to concentrate on their core business operations while capitalizing on new growth opportunities. Olsen, one of the program's early adopters, continues to pursue growth through acquisitions and partnerships.
"From the moment Sanctuary introduced me to Lars and the Alluvial team, I recognized our cultural synergy and shared investment philosophy," Blackburn stated. "We both prioritize a comprehensive approach to financial planning, guiding clients to make informed wealth management decisions. With the expanded resources at my disposal, including extensive tax services and wealth transfer planning capabilities, I’m poised to elevate my service offerings for existing clients while attracting new ones."
Blackburn brings nearly two decades of experience in the financial services realm, having honed his skills at renowned institutions like Charles Schwab and Wells Fargo prior to transitioning to independence. His expertise allows him to deliver tailored wealth management solutions to individuals, families, and organizations, with a keen focus on specific client needs, enhanced by his in-depth market knowledge and financial planning insight.
Vince Fertitta, President of Sanctuary Wealth, commented on the broader industry landscape: "Many of our partner firms recognize the demographic shifts within the advisory sector, which presents significant opportunities for developing enterprises over the next decade. Our Enterprise Partner Program was designed to address these opportunities by providing the capital necessary for firms to realize their visions. Bryan stands out as an exceptional financial professional whose success trajectory is commendable. We’re delighted to have facilitated his integration into Alluvial."
Concluding the announcement, Adam Malamed, Sanctuary's CEO, highlighted the fruitful alignment of Sanctuary's partnered independence model and Lars' dedication to the Enterprise Partner Program, assuring Alluvial's positive trajectory in a shifting wealth management environment. "Bryan made a wise choice in joining a leadership role at Alluvial, ensuring a promising future for himself and his clients," Malamed asserted.
Sanctuary Wealth continues to position itself as a leading hybrid registered investment advisor (RIA), dedicated to delivering comprehensive wealth management solutions, partnership ecosystems, and strategic capital investments for sophisticated independent wealth management practices. With over 125 partner firms across 32 states and more than $55 billion in assets under management, Sanctuary's commitment to support partner firms and offer unmatched flexibility remains at the core of its mission. The acquisition of tru independence in 2024 further diversifies its service offerings, catering to the distinct needs of partner firms.
As Sanctuary Wealth forges ahead, its expansion through strategic partnerships like that of Bryan Blackburn and Alluvial signifies its ongoing ambition to evolve and thrive within an ever-changing financial advisory sector.
Founded by Lars Olson, CFP®, in January 2021, Alluvial Private Wealth emerged from a hefty transition from Merrill Lynch with an existing book size of $435 million. The partnership with Sanctuary has catalyzed the firm's growth ambitions, allowing it to achieve significant milestones year after year. As Olson expressed, bringing Blackburn on board is a pivotal step in their long-term growth strategy, driven by a commitment to expand their team with successful practices annually.
Olson emphasizes his excitement for Brooklyn's addition: "Bryan has established a remarkable business in Ohio, and we are eager to channel his expertise into driving our Cleveland branch to new heights. We're grateful for the support provided by Sanctuary through its Enterprise Partner Program, which made this collaboration possible and facilitated a seamless transition."
Sanctuary's Enterprise Partner Program serves to advance partner firms' inorganic growth strategies by offering operational and financial backing aimed at integrating new advisors into existing frameworks. This support system allows firms like Alluvial to concentrate on their core business operations while capitalizing on new growth opportunities. Olsen, one of the program's early adopters, continues to pursue growth through acquisitions and partnerships.
"From the moment Sanctuary introduced me to Lars and the Alluvial team, I recognized our cultural synergy and shared investment philosophy," Blackburn stated. "We both prioritize a comprehensive approach to financial planning, guiding clients to make informed wealth management decisions. With the expanded resources at my disposal, including extensive tax services and wealth transfer planning capabilities, I’m poised to elevate my service offerings for existing clients while attracting new ones."
Blackburn brings nearly two decades of experience in the financial services realm, having honed his skills at renowned institutions like Charles Schwab and Wells Fargo prior to transitioning to independence. His expertise allows him to deliver tailored wealth management solutions to individuals, families, and organizations, with a keen focus on specific client needs, enhanced by his in-depth market knowledge and financial planning insight.
Vince Fertitta, President of Sanctuary Wealth, commented on the broader industry landscape: "Many of our partner firms recognize the demographic shifts within the advisory sector, which presents significant opportunities for developing enterprises over the next decade. Our Enterprise Partner Program was designed to address these opportunities by providing the capital necessary for firms to realize their visions. Bryan stands out as an exceptional financial professional whose success trajectory is commendable. We’re delighted to have facilitated his integration into Alluvial."
Concluding the announcement, Adam Malamed, Sanctuary's CEO, highlighted the fruitful alignment of Sanctuary's partnered independence model and Lars' dedication to the Enterprise Partner Program, assuring Alluvial's positive trajectory in a shifting wealth management environment. "Bryan made a wise choice in joining a leadership role at Alluvial, ensuring a promising future for himself and his clients," Malamed asserted.
Sanctuary Wealth continues to position itself as a leading hybrid registered investment advisor (RIA), dedicated to delivering comprehensive wealth management solutions, partnership ecosystems, and strategic capital investments for sophisticated independent wealth management practices. With over 125 partner firms across 32 states and more than $55 billion in assets under management, Sanctuary's commitment to support partner firms and offer unmatched flexibility remains at the core of its mission. The acquisition of tru independence in 2024 further diversifies its service offerings, catering to the distinct needs of partner firms.
As Sanctuary Wealth forges ahead, its expansion through strategic partnerships like that of Bryan Blackburn and Alluvial signifies its ongoing ambition to evolve and thrive within an ever-changing financial advisory sector.
Topics Financial Services & Investing）
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