Dickson said that Milligan was so highly respected at Merrill that out of more than 15,000 advisors, the firm had named him to serve on its 13-member FA Advisory Council, which he chaired.
Fertitta said that the Quorum team and his firm would mutually benefit from their partnership in the coming years.
“The fact that Kelly, Mike, Sue and Melissa, who were approached by every significant player in the wealth management spectrum, including RIAs, family offices and private banks, chose Sanctuary, is a testament to the value of the platform and the quality of the network we’ve created,” Fertitta said in the release. “The intellectual capital and wealth of experience they bring to our network will be invaluable, while the resources we can provide will help them continue the outstanding growth trajectory they’ve already begun.”
So far in 2021, Sanctuary Wealth has added eight advisor teams to its network, managing a combined total of $2.8 billion in client assets.
Headquartered in Indianapolis, the Sanctuary Wealth network includes 49 partner firms located across 19 states, managing a combined total of $16 billion in assets under advisement.