Sanctuary Wealth has announced the addition of Dial Square Private Wealth to its network of partner firms. Based in Orange County, California, Dial Square manages $1.2 billion in client assets and was co-founded by Jim Chiate and Tony Guinane, who previously collaborated at Merrill Lynch and UBS.
Joining them are Owen Galasso as Vice President and Registered Operations Manager, and Nazgol Nekoomaram as Vice President and Wealth Associate. Dial Square will utilize the services of Charles Schwab and Goldman Sachs as custodians, ensuring their clients benefit from innovative technology and expert wealth management solutions.
In the past year, Sanctuary has added 16 new partner firms, representing over $10 billion in assets, which has brought its network to more than 125 firms across 32 states, with over $55 billion in assets on the platform or in transition.
KEY QUOTES:
“After building a remarkable practice in wirehouses, Jim and Tony, like many highly successful wealth managers limited by the employee model, decided to start their own firm, unlocking the valuable asset they have worked so hard to build while removing restrictions on what they can offer to their clients.”
“We built Sanctuary as a destination where elite advisors with sophisticated businesses could work with a partner that is dedicated to helping them achieve their long-term goals. As evidenced by Dial Square, our value proposition resonates with the industry’s top advisors. I look forward to working with the team to continue its amazing success.”
Vince Fertitta, President of Wealth Management at Sanctuary Wealth
“Going independent was not a quick decision. While we could have easily moved to another traditional wirehouse or private bank, once we understood the evolution of the independent space over the last decade, we couldn’t ignore the value independence would provide to our clients. After having our eyes opened, Sanctuary became the obvious choice. They speak our language and truly understand our business, as well as where we want to take it. For the first time in years, we feel that we have a partner that will put our needs, and those of our clients, above their own.”
Jim Chiate
“We have intensely close relationships with our clients, and we made this move to elevate the overall experience we provide. Our select group of affluent clients relies on us to manage their complex financial needs, and Sanctuary empowers us to do this with distinction. From alternative investments to tax mitigation strategies to philanthropic legacy building, we now have an unfettered ability to offer our clients the best solutions in the industry. With Sanctuary, Schwab and Goldman in our corner, we are independent, but not alone.”
Tony Guinane
“We are thrilled to welcome Dial Square Private Wealth to our growing network. With Sanctuary’s support, Jim, Tony and the entire Dial Square team will enjoy all the benefits of independence, along with our award-winning, customized service and solutions. We are committed to providing the team with the tools and resources they need to accelerate their success and create substantial equity in their own business.”
Adam Malamed, CEO of Sanctuary Wealth
