Financial advisors Geoff Stufflebam, Ken Roberts, Shweta Agarwal and Kraig Bode have launched NobleVest Private Wealth, a financial advisory with approximately $400 million in client assets. The new firm has joined the Sanctuary Wealth network, the companies announced today in a news release.
Headquartered in Springfield, Mo., the five-member team is the second in the state to partner with Sanctuary so far this year, and the first to include advisors from two different wirehouses. Stufflebam, Roberts and Agarwal were formerly with Morgan Stanley, while Bode joins from Ameriprise Financial. Together, the advisors bring a collective 70 years to their new venture with Sanctuary.
“It became increasingly clear in conversations with clients, especially over the last 24 months, that they needed more, and we felt that the best way to meet their evolving needs was to go independent, Stufflebam said in the news release. “Sanctuary was by far the best option for us, and more importantly, for our clients.”
He also said that as independents partnered with Sanctuary he and his founding partners would have the freedom and flexibility to deliver a better client experience.
“We’re very excited about our new venture in the independent space because we are able to do everything we could in our previous roles, plus so much more,” he said.
Stufflebam and his partners are supported by Senior Operations Manager Julie Billings.
Earlier this year, Italian asset manager Azimut Group announced in a joint news release that it had acquired a 55% majority stake in Sanctuary, the firm founded by CEO Jim Dickson in 2018. The investment has helped Sanctuary embark on an ambitious expansion spree that included the addition this year of two former Merrill Lynch teams with more than $1 billion in client assets.
“We’ve been active on the acquisition front and have added a wide range of new services and offerings for our advisors, such as Sanctuary Global Family Office, which came about due to our investment in InnoVise Family Wealth just last month,” said Dickson in the news release. “We expect 2022 will be even more exciting.”
Headquartered in Indianapolis, the Sanctuary Wealth Group network of partner firms has $17 billion in total assets under advisement across 21 states.