Sanctuary Wealth, an Indianapolis-based wealth management firm with more than $20 billion in assets, said it has added a three-person team that was managing $270 million at UBS.
The team in Santa Barbara, California, operates as Saige Private Wealth.
Antonia LaRocca, the founder and managing partner at Saige, had been affiliated with UBS since 2014.
Sanctuary has partner firms in 23 states and said Saige Private Wealth will be its seventh team in California.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
