Azimut Group, a global investment manager based in Milan, Italy, has made what it calls a significant investment in the Sanctuary Wealth Group, an Indianapolis-based wealth management firm.
Sanctuary, which operates broker-dealer, registered investment advisory and investment management arms, has 41 partner firms across 17 states that advise on more than $12 billion in assets. Azimut manages the equivalent of $67 billion.
With backing from Azimut, “we are poised to assert ourselves as willing buyers of valuable advisory practices, for Sanctuary and on behalf of our elite advisor network,” Jim Dickson, Sanctuary Wealth’s CEO, said in a release.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
