Sanctuary Wealth will expand its network to California with the addition of former Merrill Lynch team Enclave Wealth Advisors.
Enclave Wealth, based in Walnut Creek, Calif., and led by industry veterans Terry C. Murray and Brian P. Westcoat, manages $275 million in client assets, generating $1.6 million in revenue, according to a news releas, which added that Sanctuary expects the addition of more breakaways this month.
“We are very excited to join Sanctuary. We have access to technology and business solutions that were not available to us before and that will only augment our clients’ overall experience,” Murray said in a prepared statement.
The Indianapolis-based Sanctuary Wealth is an $8 billion partner-owned global wealth management firm.