Sanctuary Wealth Expands its Client Offerings with Soteris Private Wealth Partnership

Sanctuary Wealth Welcomes Soteris Private Wealth

Sanctuary Wealth, a prominent hybrid Registered Investment Advisor (RIA), has announced a significant collaboration with Soteris Private Wealth, marking a new chapter in its mission to empower elite financial advisors. This strategic alliance promises enhanced services tailored for high-net-worth clients, as Sanctuary expands its community of partner firms.

Founded by Josh Erickson and Rob Montierth, both seasoned financial advisors with strong credentials, Soteris Private Wealth brings impressive expertise to its new partnership with Sanctuary. Previously aligned with Merrill Lynch, the Walnut Creek, California-based team managed a staggering $800 million in total client assets, emphasizing their capability to cater to the sophisticated needs of their high-profile clientele. Their transition highlights the growing trend of elite advisors seeking independence to better serve their clients while capitalizing on unique operational freedoms.

Vince Fertitta, President of Wealth Management at Sanctuary Wealth, articulated the firm’s commitment to serving its partner firms with passion, success, and advocacy. Ericson and Montierth’s decision to join Sanctuary stems from a recognition that the conventional model tied to a single financial institution restricted their ability to deliver comprehensive services. With Sanctuary's partnered independence model, they realized they could take control of their business while maintaining and expanding their service offerings, ultimately benefiting their clients.

Erickson shared his journey, stating, "Our partnership with Sanctuary ensures that we retain the independence to offer our clients optimal solutions while significantly enhancing our operational capabilities.” Montierth echoed this sentiment, highlighting how Sanctuary's robust, multi-custodial platform empowers them with various resources across financial and tax planning.

The two partners, who are also brothers-in-law, lead Soteris Private Wealth focusing on personalized advice and developing tailored financial strategies for their clients. They are committed to delivering a high-touch, client-centric experience with transparent guidance and innovative investment strategies that evolve with each client's changing needs.

Sanctuary Wealth prides itself on being an ideal facilitator for advisors like Erickson and Montierth who opt for greater autonomy in their practices. Their collaborative approach, combined with advanced technological tools and an expansive network, positions partner firms to operate efficiently while building long-term value. This transition is not just about moving from a traditional framework but creating significant equity in their own businesses.

Adam Malamed, CEO of Sanctuary Wealth, reiterated that their focus primarily lies in attracting elite wirehouse breakaway advisors, but they also welcome sophisticated teams from various backgrounds seeking greater flexibility and ownership. Sanctuary's platform continues to evolve, providing the necessary tools and confidence for advisors like Soteris to excel in delivering top-tier services to a discerning clientele.

Overall, the union of Sanctuary Wealth and Soteris Private Wealth is a testament to the evolving landscape of wealth management, where empowered independence plays a crucial role. It not only enhances the service spectrum available to high-net-worth clients but also redefines how advisors can operate in a competitive market. As financial landscapes continue to transform, expect Sanctuary Wealth to remain at the forefront, continually adapting to meet client demands and evolving business needs.