Sanctuary Wealth, an Indianapolis-based wealth management firm with more than $20 billion in assets, said it's acquired a minority stake in EverNest Financial Advisors, a registered investment adviser that’s also based in Indianapolis.
EverNest has close to $400 million in assets and two team members, Frank Esposito and Niki Woodworth.
Esposito has 30 years of experience, having started as an intern at Merrill Lynch in 1992. He worked with institutional investors at Goldman Sachs and Strong Capital Management and in investment management at JPMorgan and UBS before becoming an adviser, and had been affiliated with Windsor Wealth Management since 2015.
Woodworth joined Windsor in 2017.
In late 2020, an Italian investment management company, Azimut Group, invested in Sanctuary, which the firm said would enable it to make more acquisitions. Sanctuary currently has partner firms in 23 states.
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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