Sanctuary Wealth, a firm that provides elite financial advisors the freedom and choice to thrive in an evolving industry, announced it welcomed 1280 Financial Partners to its growing network of Partner Firms. The veteran team came together in 2021 to serve institutional and private clients. This former UBS-affiliated firm is tapping into Sanctuary’s Strategic Capital Partnership program as they launch their new independent firm, which currently manages about $2 billion in total client assets.
1280 Financials’ team is based in Fort Myers, Florida; Sandusky, Ohio; Augusta, South Carolina; and Miami, Florida. The impressive team includes:
— Tom Burt CIMA, CPM, CFP, CEPA, ChFC, CLU, AIF, Managing Partner, Sr Portfolio Manager
— Duane Ohly CRPS, Managing Partner, & Sr Portfolio Manager
— Charlie Todd CIMA, CFP, Managing Partner & Sr Portfolio Manager
— John McGee CPM, COO, Managing Partner & Sr Portfolio Manager
— Brett Kinzel, Sr VP, & Sr Portfolio Manager
— John Petracco, Sr VP & Sr Portfolio Manager
— Carol Powell, Sr VP & Sr Portfolio Manager
— Richard Allen Flippo, CRPS, VP & Wealth Advisor
Plus, critical support staff, including Registered Wealth Associates Jennifer Woods, Rebecca Elder, Becky Pyburn and Melanie Woods, also round out the 1280 Financial team.
The two teams that originally formed 1280 Financial are based in Fort Myers, Florida, and Sandusky, Ohio. And the 1,280 miles between the office locations gave the firm its name.
The firm has a proven record of accomplishment by providing tailored advice and solutions through a value proposition focusing on service, performance and an investment philosophy that builds portfolios for wealthy clients from the ground up. Some private clients include HNW and UHNW individuals, families, athletes, entertainers, entrepreneurs and corporate executives.
KEY QUOTES:
“1280 Financial conducted deep due diligence over several years before selecting Sanctuary as their strategic partner. They wanted a proven and vested partner with deep experience in transitioning top-performing wirehouse teams to independence. They required the most cutting-edge technology available and a partner with both the will and the wherewithal to address complex client opportunities. Having solved for the needs of over 120 teams transitioning to independence, Sanctuary has built the most expansive platform in the industry without giving up our exclusive and dynamic culture. We’re honored to have 1280 Financials’ trust and confidence as they unlock the asset that they’ve built over their storied careers.”
Vince Fertitta, President of Sanctuary Wealth
“As a fast-growing, multi-generational team with complex platform needs and a passion for delivering a superior client experience, my partners and I were extremely thorough and deliberate when making the decision to launch our own firm. Each of our advisors had a broad set of opportunities in front of them and their own personal criteria to make this move together. Finding a partner who could satisfy our collective requirements was not easy. We explored the gamut and kept returning to Sanctuary.”
“A mature, stable and proven firm, that is creative, flexible and nimble, Sanctuary is the ideal partner. They understand our goals and offer tools, resources and talent to help us achieve them. Like us, Sanctuary is not one size fits all and has different affiliation options available. In contrast to the wirehouse environment we left, we are no longer employees trying to fight for our clients while competing against shareholder interests. Sanctuary has proven to be just as relentless in their commitment to serve us as we are in serving our clients and it’s great to have a partner who is as focused on growing our enterprise value as we are.”
Tom Burt
“Elite practices are drawn to our approach because it rewards those with the confidence to bet on themselves—building equity and autonomy without interference or competing agendas—and with 1280 Financial, we didn’t just admire their conviction, we matched it with our own capital, taking a minority stake in the firm. We’ve established a reputation as innovative problem solvers. As part of the 1280 Financial launch, Sanctuary can now formally offer captive insurance solutions rarely available in the independent space. Our platform was built one Partner Firm at a time to capitalize on complex client opportunities. When we expand our offering for one Partner Firm, the others benefit as well, whether they choose to engage directly or partner with a subject matter expert in the network.”
Adam Malamed, CEO of Sanctuary Wealth
