Sanctuary Wealth, a Miami-based hybrid registered investment adviser focused on wirehouse breakaway advisors and independent wealth management firms, added more than $5.9 billion in total client assets during the first half of 2026 as elite advisor teams affiliated with its platform. The strong first half pushed Sanctuary’s trailing 12-month recruited assets to $12.7 billion, a record for the firm. Total client assets now stand at $65.7 billion, up from $27.8 billion in 2023 — an increase of more than 135% in roughly three years. The number of Partner Firms on the platform has grown from 68 to 125 over the same period.
Eight advisory teams joined Sanctuary in 2026, led by StackStone Wealth ($1.9 billion), Miller Asher Private Wealth ($1.1 billion), Soteris Private Wealth ($800 million), Valen Private Capital ($477 million), Pierstone Wealth Management ($350 million), Iron North Private Wealth ($350 million), KZ Private Wealth ($342 million), and OPT Wealth Management ($260 million).
Sanctuary operates a Partnered Independence model designed to help advisors leaving large wirehouse firms — such as Morgan Stanley, Merrill Lynch, UBS, and Wells Fargo — establish independent businesses while retaining access to institutional infrastructure, technology, marketing, and operational support. The firm also provides strategic capital investments to Partner Firms, offering liquidity options and growth financing that allow firm owners to monetize equity in businesses they have built while continuing to operate. That combination of operational infrastructure and capital access has become increasingly central to Sanctuary’s pitch as the wirehouse breakaway market matures and advisors seek not just independence but long-term enterprise value.
Sanctuary’s growth since 2023 has been shaped by CEO Adam Malamed, who took the role in February of that year and has since expanded the firm’s affiliation models and added capabilities through targeted acquisitions.
KEY QUOTES:
“Sanctuary’s momentum reflects the strength of the platform we are building and the increasing demand from elite advisor teams for a more flexible, entrepreneurial model. Independence means different things to different firms, and our role is to support each firm’s vision for its business. We start by understanding what an advisor team is working toward, then provide the model, resources and support that fit those goals, including access to strategic capital that can provide liquidity, fund continued growth and ultimately help firm owners monetize the businesses they have spent a lifetime building.”
Adam Malamed, Chief Executive Officer, Sanctuary Wealth
“Adding nearly $6 billion in total client assets during the first half of the year is a tremendous milestone, but the quality of the teams choosing Sanctuary is what makes this growth especially meaningful. These are highly entrepreneurial, growth-minded firms that strengthen our community and raise the bar for everyone around them. When you bring together advisors who are committed to building better businesses, sharing ideas and pushing each other, that culture becomes an operating advantage.”
Vince Fertitta, President, Wealth Management, Sanctuary Wealth
