Sanctuary Wealth announced that OPT Wealth Management has joined its platform, bringing founder Kyle Vasel and approximately $260 million in client assets.
Vasel, formerly a financial advisor at Merrill Lynch, transitions to Sanctuary as part of the ongoing trend of wirehouse advisors moving toward independent platforms that offer greater flexibility, ownership, and control over their practices.
OPT Wealth Management focuses on organization, profits, and taxes as core pillars of financial planning, serving high-net-worth individuals and families, including many financial services executives nearing retirement. The firm aims to provide comprehensive, personalized advice tailored to long-term financial goals.
Sanctuary Wealth continues to position itself as a destination for breakaway advisors, offering a hybrid RIA model that combines independence with institutional-level support, including technology, investment solutions, and operational infrastructure.
The addition of OPT Wealth Management reflects continued momentum for Sanctuary as it expands its network of independent advisors seeking greater autonomy and enhanced client service capabilities.
KEY QUOTES:
“Kyle built an impressive business over 15 years in the wirehouse channel, but he also understood the limitations that come with that model. After more than two years of careful due diligence, he chose Sanctuary’s partnered independence platform as the best path to the flexibility, ownership and freedom he was seeking. Sanctuary was built for advisors exactly like Kyle because our roots are in the wirehouse breakaway movement, and that remains core to who we are today. His decision is the latest example of an elite advisor recognizing that independence offers a better way to serve clients and build on his own terms with the support of the right partner.”
Vince Fertitta, President, Wealth Management, Sanctuary Wealth
“I feel strongly that to provide meaningful advice to my clients I need the flexibility to discuss a full range of options and strategies to help them achieve their goals. With Sanctuary, I’ve found the technology, support systems and investment solutions to help me enhance my offering, along with a culture that supports my approach to service. Our shared wirehouse background meant there was immediate alignment in how we think about serving clients and building a business. I’m excited to move forward as an independent advisor with a firm that understands the world I came from and is committed to partnering with me for the long term success of my practice and my clients.”
Kyle Vasel, Founder, OPT Wealth Management
“Like many wirehouse advisors today, Kyle reached a point where the employee model could no longer support the business he wanted to build. Supporting that transformation has always been at the core of Sanctuary’s business and continues to be a primary focus for our firm.”
Adam Malamed, Chief Executive Officer, Sanctuary Wealth
