Merrill team managing $564 million goes indie with Sanctuary Wealth
Plano, Texas-based Valorous Advisors specializes in retirement plan consulting.
Christopher Cervantes, who managed $564 million at Merrill Lynch, has formed Valorous Advisors in Plano, Texas, and affiliated with Sanctuary Wealth. He will use Bank of New York Mellon Pershing as the firm’s custodian.
Cervantes had been affiliated with Merrill Lynch for 22 years, according to his BrokerCheck report.
[More: UBS duo managing $770 million goes indie with Sanctuary]
Cervantes and his team, which includes wealth planner Tracey A. Gledhill and relationship manager Larry Jackson, specialize in retirement plan consulting.
“Corporate interference has become more and more disruptive over recent years,” Cervantes said in a statement. “It became clear to me that we could offer our clients a better experience as an independent firm free from those distractions.”
[More: Breakaway RIA affiliates with Sanctuary Wealth]
‘IN the Office’ with alternatives and BDC specialist Michael Reisner
Learn more about reprints and licensing for this article.
