Sanctuary Wealth has expanded its presence in North Carolina with its recruitment of a breakaway advisor duo from Merrill Lynch.
On Tuesday, the aggregator announced the launch of Vincita Investment Partners, a new firm in Greensboro, North Carolina, that manages $700 million in client assets.
Led by JJ Marus and Lauren Norris, the latest practice on Sanctuary’s partnered independence platform caters to a base of ultra-high-net-worth clients.
Working with their clients’ estate planning attorneys, tax specialists, and banking partners, Vincita specializes in sophisticated planning for affluent families, offering a concierge approach to financial management that encompasses investment optimization and integrated wealth management strategies.
“Both come to Sanctuary with a history of thriving in all aspects of their lives, with JJ participating in the U.S. Olympic trials as a swimmer and Lauren being a former all-American lacrosse player and coach,” Sanctuary Wealth president Vince Fertitta said in a statement.
“The firm clearly understands what it takes for transitioning wirehouse advisors like us to succeed, having built a unique model that prioritizes client service and helps their partners enjoy meaningful growth,” said Marus, who’s been registered in the industry for nearly 15 years.
Marus also lauded Sanctuary’s alternative investment platform and cutting-edge technology.
“It’s great to not only have a real partner but an entire support system behind us,” Norris added.
In breaking away from Merrill, Marus and Norris splintered from a larger advisory group. The vast majority who chose to stay "believe Merrill is the best place for their clients and the best place for them as advisors to serve their clients and manage their business," according to Steven Alch, southeast division executive.
Prior to welcoming the duo, Sanctuary deepened its footprint in Indianapolis in March with M&K Legacy Wealth, which brought $1 billion from Stifel.
Over the years, Sanctuary has also been the breakaway platform of choice for several Merrill Lynch alums, including the teams at Burnham Harbor Private Wealth in Chicago and Chappell Wealth Management in Texas.
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