Sanctuary Wealth, the Indianapolis aggregator built by Merrill Lynch veteran and CEO Jim Dickson on the backs of wirehouse breakaways, said Monday that a former Merrill Lynch team, Wigand Integrated Wealth of Colorado Springs, Colo., with $115 million in AUM, has become its 34th partner firm.
Reinhold “Reini” Wigand co-founded Wigand Integrated Wealth in 1997 and is president of the firm. He left Merrill Lynch’s Colorado Springs office as a senior vice president, senior portfolio manager and resident director. He is joined by son Samuel and Robert Forest, a registered client service associate.
"Our goal is to be in control of the advice that we offer and the services and products we make available," Reini Wigand said in a statement. "Sanctuary doesn't offer proprietary products. We have access to the best of what's out there and we can really research and make the best recommendations for [our clients]."
Dickson, whose firm operates in 12 states, said the Wigands are the first Colorado advisors to join Sanctuary. “As a multi-generational firm serving a multi-generational client base, they exemplify the types of advisors that Sanctuary was built to serve,” he said.
Before joining Merrill, Wigand senior worked for and eventually sold the family woodworking manufacturing firm, The Wigand Corp.
Wigand Integrated Wealth, an “independent enterprise,” provides individuals and institutions with wealth planning, investment strategies, retirement advice, financial education, estate planning, portfolio management, pension planning, investment policy solutions, and money management expertise.
The Wigands will put to work WIW, a “coaching” tool they developed to help young adults learn more about how their career decisions affect their financial lives from day one on the job.
“I’ve worked with Reini for many years,” said Vince Fertitta, president of wealth management at Sanctuary Wealth. “Through our Advisors Solutions Group we’ll be able to supply all the resources and support they need to succeed.”
Sanctuary, with $9 billion in assets, calls itself “the advanced platform for the next generation of elite advisors.” It offers the Wigands support ranging from technology, infrastructure and open architecture.
Sanctuary Wealth Group encompasses Sanctuary Advisors, an RIA; Sanctuary Securities, a b/d; Sanctuary Asset Management; Sanctuary Insurance Solutions; Sanctuary Capital Markets; and Sanctuary Global Family Office.