Sanctuary Wealth Enhances Client Experience with BNY's Wove

Sanctuary Wealth Integrates BNY Pershing's Wove Platform

Sanctuary Wealth, a leading financial services provider catering to elite financial advisors, is embarking on an exciting new chapter with the expansion of its Sanctuary One platform. This enhancement is made possible through the integration of BNY Pershing's innovative Wove platform, aimed at enriching the overall client experience for Sanctuary's partner firms.

Aiming for Enhanced Client Experiences

The Sanctuary One platform upgrade offers all partner firms access to tools that connect an investor's entire financial picture. The goal is to provide a streamlined, cohesive experience that empowers advisors to serve their clients better, ultimately enhancing communication and efficiency across their practices.

The Importance of Technology in Wealth Management

"Technology plays a crucial role in modern wealth management," said Bob Walter, President of Sanctuary Wealth. He emphasized the importance of having the right tech partner to support Sanctuary's growth strategy, which encompasses organic growth and strategic partnerships. The Wove platform’s integration enables Sanctuary to align technology tools into a single, data-driven interface, enhancing the value offered to their partners and clients.

Streamlined Workflow for Advisors

The Wove platform is designed with interoperability in mind, offering features like Wove Investor, Wove Data, and Wove Advisory through a unified source. This innovative approach not only improves the advisory experience but also allows advisors to view assets holistically, regardless of their location. The tools available on this platform include advanced portfolio construction and analytics, trading and rebalancing features, and a client portal, all tailored to current advisory needs.

The Role of BNY Pershing

Ainslie Simmonds, the Head of Global Strategy at BNY Pershing, highlighted the collaborative effort between Sanctuary and BNY Pershing to facilitate advisor growth. The aim is to allow advisors more time to engage with clients and focus on relationship-building, empowering them with next-generation solutions to handle evolving client needs.

Setting New Standards in Wealth Management

Kevin Pearly, a Founding Partner at SkyPath Private Wealth, shared his perspective as part of Sanctuary's Wove pilot program. He remarked on Sanctuary’s commitment to setting new benchmarks in both productivity and client service. By effectively integrating the Wove platform, independent advisors now have access to cutting-edge technology that enhances their ability to engage clients meaningfully.

The Vision of Sanctuary Wealth

Sanctuary Wealth stands as a dedicated platform for elite advisors, fostering an entrepreneurial spirit that allows for building equity in their practices. The firm prides itself on providing partner firms with unparalleled freedom, flexibility, and control, setting them up to offer tailored services that meet the unique needs of their clients.

Remarkable Growth and Stability

Currently, the Sanctuary network encompasses over 120 partner firms across 30 states, boasting approximately $48 billion in assets on its platform. Sanctuary Wealth includes various wholly owned subsidiaries, enhancing the comprehensive services offered to clients while ensuring a robust operational structure.

About Sanctuary Wealth

With a commitment to excellence, Sanctuary Wealth aims to support its partners in delivering distinguished services to clients. The firm fosters an ecosystem that promotes independence and flexibility while connecting advisors with essential technological resources.

Frequently Asked Questions

What is the Sanctuary One platform?

The Sanctuary One platform is a multi-custodial wealth management platform designed to enhance the services offered by Sanctuary Wealth's partner firms.

How does the Wove platform improve client service?

The Wove platform integrates financial tools and data into one system, enabling advisors to provide a more holistic service and focus on client relationships.

What types of tools are available through Wove?

Wove offers portfolio analytics, innovative trading and rebalancing features, proposal tools, and a client portal, among other functionalities.

Who can access the new features offered by Sanctuary?

All Sanctuary partner firms will have access to the upgraded capabilities of the Sanctuary One platform powered by BNY Pershing's Wove.

What is the future vision of Sanctuary Wealth?

Sanctuary Wealth aims to provide financial advisors with the freedom and support necessary to thrive, while continuously enhancing their service experiences for clients.

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