A team of advisors that managed almost $1.5 billion in assets at Merrill Lynch is joining Sanctuary Wealth, an Indianapolis-based aggregator, Sanctuary announced Friday.
The team, which will operate as Chappell Wealth Management in The Woodlands, Texas, includes Brent Chappell, Brad Chappell, Michael Mills and Spencer Carlson.
They’re joined in the move by three staff members: Chel Larkin, Jaymie Wendt and Brianna Warren.
Brent Chappell, a founder and managing director of Chappell Wealth Management, had been affiliated with Merrill since 2003, according to his BrokerCheck report. Brad Chappell, also a founder and managing director, was affiliated with Merrill since 2006.
Michael Mills joined Merrill since 2013 and earlier worked for a real estate private equity company. Spencer Carlson was a pension actuary before joining the Chappell team at Merrill in 2014.
Public support grows for policies that spread AI’s financial gains beyond tech companies.
Investment banking fees rose 30% on a wave of IPOs and megadeals, led by the largest public listing on record.
Series A funding from Portage, Bain Capital, and other investors will fuel data tools designed to speed advisor transitions and cut onboarding delays across wealth firms.
The Minneapolis-based RIA aggregator is adding two North Carolina practices managing nearly $1 billion, pushing its total client assets past $158.2 billion.
As markets disintegrate, the value of on-the-ground, first-hand research through "intimate knowledge acquisition" is skyrocketing.
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
