Sanctuary Wealth Names COO, Adds $530M Merrill Team

Indianapolis-based Sanctuary Wealth now has 38 partner firms with over $10 billion in assets under advisement. Its operations include RIA Sanctuary Advisors, broker-dealer Sanctuary Securities, as well as Sanctuary Asset Management, Sanctuary Insurance Solutions, Sanctuary Capital Markets and Sanctuary Global Family Office.

"Kelly has been working with Sanctuary since last year as a consultant and will be a key member of our executive team," according to CEO Jim Dickson.

"We're constantly improving our platform but doing it in a very process-oriented way, so everything is repeatable for new advisors joining the platform," Dickson said. "Kelly has the background and experience to see the systems are in place to make that happen."

Sanctuary Wealth's newest partner firm is led by Ted Longo, a 34-year industry veteran who leads a team in Louisiana with yearly revenue of $4 million.

"My biggest concern about going independent was the transition of client accounts, as we have a large and sophisticated client base," Longo said in a statement. "But Lili Kaufmann, Sanctuary's director of transitions, is someone I worked closely with previously, as well as being a close personal friend. I felt my clients couldn't be in better hands."