Modern Wealth Management has acquired Jacksonville, Florida-based Sanchez Wealth Management Group, a wealth management firm overseeing nearly $710 million in client assets. The transaction expands Modern Wealth’s presence in Florida and establishes its first office in Jacksonville.
Sanchez Wealth was founded by Christen “Chris” Sanchez, CFP, CFS, AIF, and has operated for more than 25 years with a focus on comprehensive, multigenerational wealth management.
The team also includes Wealth Advisor Dawn Nicoles, CFP, BFA, RICP, who is Sanchez’s sister, and Wealth Advisor Josh Mandelkorn, CFP, a 15-year industry veteran. They are supported by Alexandria Sanchez, Chris Sanchez’s daughter, client service associate Lindsey Hall, FPQP, and Director of Operations Jennifer Koeller.
The practice has built its model around serving entire households rather than individual accounts, developing relationships with clients as well as their children and other family members as financial needs evolve over time.
Sanchez Wealth advises clients across investment management, retirement planning, estate planning considerations, beneficiary designations and other areas of financial planning. The firm also places a strong emphasis on client education and proactive communication.
The acquisition marks another step in Modern Wealth’s expansion across Florida.
The company initially entered the state through its acquisition of South Florida-based Legacy Wealth Management and later expanded into Clearwater and the Greater Tampa Bay area through Flaharty Asset Management. Sanchez Wealth gives Modern Wealth an additional foothold in northern Florida.
By joining Modern Wealth, the Sanchez Wealth team will gain access to centralized resources covering technology, compliance, human resources, operations, marketing and other business functions.
Modern Wealth said the platform is designed to reduce the amount of time advisors spend managing RIA infrastructure while giving them access to broader planning capabilities and specialist support.
For Sanchez, the transaction is also intended to address long-term continuity and succession considerations without changing the firm’s household-focused service model.
Modern Wealth was founded by former United Capital executives Gary Roth, Mike Capelle and Jason Gordo. The RIA provides services spanning financial planning, tax planning and preparation, estate planning and investment management while pursuing acquisitions of advisory firms across the U.S.
The Sanchez Wealth deal continues that acquisition strategy while adding nearly $710 million in client assets and an established multigenerational advisory practice in the Jacksonville market.
KEY QUOTES:
“We built this firm with a simple philosophy: take care of the client first, take care of the team second, and the firm will take care of itself. As we thought about the next chapter, continuity was incredibly important. We wanted to know that the firm, our team and the relationships we have built would be here for our clients and their families long into the future. Modern Wealth gives us that continuity while preserving the personal, household-focused approach that has defined us from the beginning.”
“For me, this isn’t about stepping away, it’s quite the opposite. I believe this can add years to my career because it gives me more time to do what I actually love: helping clients solve complex problems, coaching them, educating them and being there for their families. Modern has already built much of the technology, infrastructure and support that would have taken us years to develop on our own, and that allows our team to focus our energy where it matters most.”
Christen “Chris” Sanchez, Founding Partner of Sanchez Wealth Management Group
“Chris and his team have built a business with deep client relationships, a highly personal service model and a culture built to last. Their household-first approach and emphasis on education align naturally with the way we believe comprehensive advice should be delivered. Jacksonville also represents an important addition to our growing Florida presence, giving us another strong local team as we continue building scale throughout the state and across the country.”
Jason Gordo, President and Co-Founder of Modern Wealth Management
