Sanctuary Prosperity acquires minority stake in Indianapolis-based impartial organization with just about $400 million in AUM
INDIANAPOLIS, March 18, 2022 /PRNewswire/ — Sanctuary Prosperity, home to the subsequent technology of elite advisors, proudly announces that EverNest Economical Advisors, an unbiased business dependent in Indianapolis, has picked out to spouse with Sanctuary, which has obtained a minority position in the organization. The two-human being group is composed of Managing Companions Frank Esposito, CFA, and Niki Woodworth, CFP®, who with Sanctuary as a husband or wife, program to mature their organization the two organically and by means of the acquisition of other advisory tactics.
“Sanctuary’s preliminary advancement came from advisors breaking from the wirehouse model, and they continue to be an critical constituency for us, but likely forward we are also committed to becoming a key player in the M&A house, as our expenditure in EverNest Financial Advisors and some of our other modern initiatives reveal,” mentioned Jim Dickson, CEO and Founder of Sanctuary Prosperity. “EverNest is rather various from our typical companions in that they experienced been functioning independently for 7 yrs. The point that they selected to affiliate with Sanctuary rather than continue on to attempt and do it all on their individual speaks volumes about what the Sanctuary system has to present unbiased advisors who want to choose benefit of our scale and intensive means.”
With far more than $390 million in property under management, EverNest Monetary Advisors delivers thorough economical organizing and investment advisory providers to a refined viewers of significant-net-well worth people today and families as properly as non-earnings with special instances and aspirations. Amongst the team’s specialties are aiding small business owners and company executives diversify their property and prepare for a transition.
“We joined Sanctuary simply because of their shown determination to making it possible for independent corporations like ours provide our consumers in distinctive ways and also thanks to the substantial scale and know-how Sanctuary provides in phrases of operational assistance, compliance, technology, and financial commitment analysis,” discussed Frank Esposito, Handling Partner, EverNest Economical Advisors. “We also noticed the possibility to further enrich the companies we are offering our consumers with Sanctuary’s means.”
Frank Esposito is in his 30th calendar year in money expert services, having started out as an intern with Merrill Lynch in 1992 just before investing a ten years doing the job with institutional buyers at Goldman Sachs and Powerful Money Management. Right after main expense teams at both of those JP Morgan Non-public Bank and UBS Economic Providers, he concluded he could most effective serve purchasers as an impartial registered expenditure advisor. In 2015, Esposito merged his practice with Windsor Prosperity Administration, which led to the development of EverNest Monetary Advisors. He earned a Master’s degree in Enterprise Administration from The Kellogg Faculty of Management at Northwestern College in 2001 and is a CFA® charterholder and a member of the CFA® modern society of Indianapolis.
Controlling Director Niki Woodworth began her economical companies profession when she joined Windsor Wealth Administration in 2017, wherever her roles integrated Client Company Manager and Director of Consumer Company. Considering the fact that earning the Qualified Financial Planner™ (CFP®) credential, she has been doing the job with customers regarding retirement and estate setting up, college or university funding, and debt and tax management. She was awarded a BS in Economics and Spanish and graduated with Cum Laude honors from the Andre B. Lacy University of Business at Butler College.
“Our platform and all that Sanctuary has to offer you was the genesis of Frank and Niki’s attraction to Sanctuary, but it was our dedication to their firm’s M&A progress that definitely sealed the deal,” said Michael Longley, Chief Advancement Officer, Sanctuary Prosperity. “We’re immensely enthusiastic to have them sign up for Sanctuary as accurate partners and glance ahead to providing the resources and guidance that will enable expand EverNest Fiscal Advisors into the considerable business they visualize.”
About Sanctuary Prosperity
Sanctuary Wealth (sanctuarywealth.com/) is the state-of-the-art platform for the next generation of elite advisors, who have the entrepreneurial spirit to develop and very own their possess procedures and desire the independence to deliver the personalized support their purchasers are worthy of. Sanctuary’s ecosystem of partnered independence offers a total technology and operations system, as effectively as assistance from a local community of like-minded advisors and the sources of a must have affiliated enterprises. Presently, the Sanctuary Wealth network involves associate companies throughout 23 states with over $20. billion in belongings beneath advisement. The Sanctuary Prosperity Team features the thoroughly owned subsidiaries Sanctuary Advisors, a registered expense adviser, and the broker-supplier Sanctuary Securities, as effectively as Sanctuary Asset Administration, Sanctuary Insurance policy Options, Sanctuary World-wide, and Sanctuary World-wide Tax and Family Office.
Get hold of: Michaela Morales
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