Sanctuary lands $1B team from Stifel

Chad Keller, L. Gene Tanner and J. Miller of M&K Legacy Wealth

The Indianapolis advisory practice, which includes a five-decade industry veteran, is Sanctuary's third big firm in the area.

Sanctuary Wealth has expanded its network of elite financial advisors yet again with a billion-dollar breakaway practice. The firm is welcoming M&K Legacy Wealth, a newly independent firm that boasts $1 billion in client assets.

The team joins Sanctuary’s partnered independence platform from their former employer firm Stifel, where they operated as Tanner Wealth Management Group.

The Indianapolis-based team, led by founders and managing partners J. Miller and Chad Keller, offers comprehensive wealth management, including retirement planning, risk mitigation, and estate planning advice for business owners, pre-retirees, and retired clients.

The team includes industry veteran L. Gene Tanner – who’s been registered with Finra for 54 years – and wealth advisors Christy Swindel and Suzanne Marshall Sr., along with a support staff.

M&K represents Sanctuary’s third billion-dollar, multigenerational partner firm in the Indianapolis area.

The move to Sanctuary Wealth is part of a strategic shift by M&K to leverage Sanctuary’s open architecture model, which promises more freedom and flexibility in client service.

“After a multi-year process of evaluating the industry’s evolution, we found Sanctuary’s approach could offer something beyond traditional firms,” Miller said in a statement.

Keller also lauded Sanctuary’s model of “partnered Independence” as well as the firm’s “deeply held values and culture.”

“Being part of this network of top teams from across the country makes our firm stronger and will yield better outcomes for clients,” he said. Sanctuary has successfully attracted multiple billion-dollar teams to its network in the past few years, including Chicago-based Burnham Harbor Private Wealth and Texas-based Chappell Wealth Management, both from Merrill Lynch.