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The Concenture Wealth team

Sanctuary Adds Merrill Lynch Team in Houston

Sanctuary Wealth Group, a hybrid RIA with deep roots at Merrill Lynch, has added Concenture of Houston to its roster of 33 partner firms.

A two-advisor former Merrill Lynch team with $250 million in client assets has become a partner firm of the Sanctuary Wealth Group.

Led by Robert Gilliland, the Houston-based team will now be called Concenture Wealth Management. 

“I know Vince Fertitta [Sanctuary’s president of wealth management] and [CEO] Jim Dickson from Merrill. They have gained my respect and trust unequivocally and I saw what they built at Sanctuary Wealth as the best of two worlds,” Gilliland said in a statement. "As the owner of my practice, I can give my clients the personalized service they deserve, and, as a Sanctuary partner firm, I have access to an open architecture platform with a range of wealth management services that can help accelerate Concenture’s growth.” 

Sanctuary, an Indianapolis-based hybrid RIA, covers 12 states and over 33 partner firms with more than $9 billion in assets under advisement. Its network includes the fully owned subsidiaries Sanctuary Advisors, a registered investment adviser, and the broker-dealer Sanctuary Securities, as well as Sanctuary Asset Management, Sanctuary Insurance Solutions, Sanctuary Capital Markets and Sanctuary Global Family Office.

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