SLK Private Wealth, a partner firm of Sanctuary Wealth, is bolstering its presence in the burgeoning LA, California wealth space as it adds a breakaway Wells Fargo duo.
SLK announced that it had added a multigenerational advisor pair, Adam Weinstock and Eleanor Weinstock, in Los Angeles.
The duo, previously with Wells Fargo Advisors, brings over $300 million in client assets, primarily serving athletes, entertainers, entrepreneurs, and corporate executives.
Adam Weinstock will take on the role of managing partner at SLK, while Eleanor Weinstock will become a managing director. Eleanor Weinstock has a lengthy record in the industry that goes back 32 years.
"Adam and Eleanor run a sophisticated, high-touch advisory business that will fit perfectly with SLK's culture and approach," Strauss said in a statement.
The founders of SLK Private Wealth, Glen Strauss, Jonathan Lewis, and EJ Kahn, established the firm after departing Wells Fargo in 2022, managing $1.6 billion in assets within Sanctuary’s network. The firm also includes Chief Investment Officer Razmig Der-Tavitian and partner and portfolio manager Hank Krakover, supported by a seven-person team.
Strauss, a 40-year industry veteran, said Adam Weinstock will be instrumental in “bringing on new clients, continuing to build the practice, and ensuring seamless client service for decades to come."
"I've been interested in the independent space for several years and have fielded offers from a broad spectrum of firms, but nothing that mirrored the opportunity we see with SLK," said Adam Weinstock.
The Weinstocks selected the partnered independence model with SLK and Sanctuary because of the potential for flexibility, growth, and succession planning it offers.
SLK Private Wealth focuses on delivering highly personalized wealth management services to hundreds of families. The firm’s approach includes tax, retirement, insurance, education, and estate planning, driven by evidence-based methodologies.
Serial acquirers add a 35-year-old Oregon wealth manager and a New York practice focused on women navigating life transitions.
Mara Glassel and Julie Fox will co-lead the fast-growing hybrid RIA’s ultra-high-net-worth and private wealth businesses.
The banking giant's wealth arm extends its revenue streak as it pushes to exit consent orders weighing on growth since 2020.
New Allspring research finds 401(k) participants want guidance on income and rollovers, not just portfolio automation.
Aging homeowners hold record housing wealth - but most advisors still aren't bringing it into retirement plans
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
