RHA Wealth, an independent practice based in Raleigh, N.C., has joined the Sanctuary Wealth network, the companies recently said in a news release.
The young team, consisting of Managing Directors John Rumsey, Robert Hartinger and Clark Abbott, and supported by registered Senior Wealth Associate Ashley Rushin, was formerly with Merrill Lynch, where members managed approximately $250 million in client assets.
RHA Wealth is the fifth breakaway team to join Sanctuary’s partnered independence model this year, the news release reported.
Founded in 2014 and headquartered in Indianapolis, the Sanctuary Wealth network includes 46 partner firms across 18 states with more than $15 billion in assets under management.