Sanctuary Wealth, an Indianapolis-based wealth management firm with more than $20 billion in assets, said it's acquired a minority stake in EverNest Financial Advisors, a registered investment adviser that’s also based in Indianapolis.
EverNest has close to $400 million in assets and two team members, Frank Esposito and Niki Woodworth.
Esposito has 30 years of experience, having started as an intern at Merrill Lynch in 1992. He worked with institutional investors at Goldman Sachs and Strong Capital Management and in investment management at JPMorgan and UBS before becoming an adviser, and had been affiliated with Windsor Wealth Management since 2015.
Woodworth joined Windsor in 2017.
In late 2020, an Italian investment management company, Azimut Group, invested in Sanctuary, which the firm said would enable it to make more acquisitions. Sanctuary currently has partner firms in 23 states.
Sen. Warren has warned of private market investment risks due to opacity, illiquidity, and past regulatory issues.
Use of the technology is growing and asset managers see transformative benefits.
Research reveals expectation could be replaced by disappointment.
"Im glad to see that from a regulatory perspective, we're going to get the ability to show we're responsible [...] we'll have a little bit more freedom to innovate," Farther co-founder Brad Genser told InvestmentNews in light of relaxed AI regulations from the SEC.
Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
