Advisors Robert F. Alati, Jason Geisz, Beth Silver and Adam Biswanger, formerly doing business as the JW Alati Group at Morgan Stanley, have joined Sanctuary Wealth with $700 million in client assets, the company announced.
The practice will now operate as Famiglia Wealth in Bloomfield Hills, Mich., with Alati, an industry veteran with 60 years of experience, serving as managing director and co-founder; Geisz as CEO and co-founder; Alati’s daughter Silver, a second-generation advisor, as managing director and co-founder; and Biswanger as wealth advisor. Sue Minster, registered wealth associate; Robyn Crewsdon, director of operations; and Toni Ott, client service specialist, will support the four advisors.
“We were courted by every major firm in the industry,” Geisz said in a news release. “Sanctuary was the obvious choice. With Sanctuary, we have access to a broader product selection, more research from more sources, and best-in-class technology, all of which works to the benefit of our clients. (And) as an independent firm, we’ll be able to communicate with our clients more easily and use social media much more effectively.”
The Famiglia Wealth team is the 18th financial advisory practice to join the Sanctuary network this year, and the first ever in Michigan.
“Through recruiting breakaways across the country and making strategic acquisitions, Sanctuary has been accelerating the pace of our long-term growth strategy as we continue to attract the most outstanding teams in each of the new markets we enter,” Sanctuary founder and CEO Jim Dickson said in the news release. “The team at Famiglia Wealth has over 150 years of collective experience in this industry. They are fiercely dedicated to their clients and have developed an impressive track record over time. We’re extremely proud that they have chosen partnered independence with Sanctuary.”
Headquartered in Indianapolis, Sanctuary Wealth has $18.5 billion in assets under advisement managed by partner firms across 22 states nationwide.