Terry Heinrichs and Ryan Behling, who advised on $400 million in assets at Merrill Lynch, have gone independent and affiliated with Sanctuary Wealth. The team, now known as 18Forty8 Private Wealth, is based in Madison, Wisconsin.
Heinrich and Behling had spent their entire advisory careers with Merrill Lynch, the former beginning in 1994 and the latter in 2005.
They are joined in the move by their two associates, Regina McGinn and Rebecca Reller.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
