Elite advisor teams overseeing a combined $5.9 billion in client assets moved their businesses onto Sanctuary Wealth's platform during the first half of 2026, pushing the hybrid RIA's trailing 12-month recruited assets to a record $12.7 billion.
Miami-based Sanctuary, which positions itself as a home for advisors seeking greater independence without sacrificing support, said the inflows build on momentum that has defined the firm since Adam Malamed took over as chief executive in February 2023.
During that period, Sanctuary has broadened its affiliation options, made acquisitions to expand its capabilities, and grown its network of Partner Firms.
That expansion has cemented the firm's reputation as a landing spot for wirehouse advisors looking to break away, while also drawing interest from independent wealth management firms that are already established but want more room to grow.
Total client assets on Sanctuary's platform have jumped from $27.8 billion in 2023 to $65.7 billion today, while its roster of Partner Firms has nearly doubled, climbing from 68 to 125 over the same stretch.
"Sanctuary's momentum reflects the strength of the platform we are building and the increasing demand from elite advisor teams for a more flexible, entrepreneurial model," Malamed said. "Independence means different things to different firms, and our role is to support each firm's vision for its business. We start by understanding what an advisor team is working toward, then provide the model, resources and support that fit those goals, including access to strategic capital that can provide liquidity, fund continued growth and ultimately help firm owners monetize the businesses they have spent a lifetime building. As we move through the second half of the year, we will remain focused on supporting our existing Partner Firms while selectively adding advisor teams that share our entrepreneurial mindset, focus on service and commitment to growth."
Among the firms that joined Sanctuary's Partner Firm network this year are StackStone Wealth, bringing $1.9 billion in assets, and Miller Asher Private Wealth, with $1.1 billion. Soteris Private Wealth arrived with $800 million, followed by Valen Private Capital at $477 million.
Rounding out the list are Pierstone Wealth Management and Iron North Private Wealth, each contributing $350 million, along with KZ Private Wealth at $342 million and OPT Wealth Management at $260 million.
Vince Fertitta, president of wealth management at Sanctuary, said the caliber of the firms joining matters as much as the dollar figures attached to them.
"Adding nearly $6 billion in total client assets during the first half of the year is a tremendous milestone, but the quality of the teams choosing Sanctuary is what makes this growth especially meaningful," Fertitta said. "These are highly entrepreneurial, growth-minded firms that strengthen our community and raise the bar for everyone around them. When you bring together advisors who are committed to building better businesses, sharing ideas and pushing each other, that culture becomes an operating advantage."
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