Financial advisors Alan Green, Lori DosSantos and Andrew Heatley have partnered with Indianapolis-based Sanctuary Wealth to launch Green Wealth Management Group in Southbury, Conn., the companies said in a recent news release.

The five-person team was formerly with Merrill Lynch as employees, where the practice managed $350 million in client assets.

Jim Dickson, CEO and founder of Sanctuary Wealth, said in the news release that by partnering with the Green Wealth team, his firm was expanding its network of advisors in a key market, while giving another team the opportunity to scale their business.

"There are many exciting enhancements coming to the Sanctuary platform this year, but our highest priority will remain helping outstanding advisors make the transition from employee to partner and business owner," he said in the news release.

Green Wealth is the sixth addition to the Sanctuary network so far this year. The firm provides individuals, families and businesses with financial planning and investment strategy services, focusing on retirement income planning, corporate retirement plans, stock options and concentrated positions, liability management and liquidity needs, according to the release.

"When we were considering the best path forward for our clients and our business, we knew we didn't want more of the same, but also that this was too big and too important to do alone,” Green said in the news release. “We needed a partner who not only understood the industry and where we were coming from, but could also provide us with advantages that we wouldn't have on our own.” 

Founded in 2014, the Sanctuary Wealth network includes 47 partner firms across 19 states with over $15 billion in assets under advisement (AUA).