Sanctuary Wealth Models Success with Dial Square's $1.2B Shift

Sanctuary Wealth Expands Network with Dial Square Private Wealth

In a significant move that marks a new chapter in wealth management, Sanctuary Wealth has welcomed Dial Square Private Wealth into its expanding network of Partner Firms. This transition features the commitment to providing elite financial services, flexibility, and innovation, aligning perfectly with the needs of sophisticated clients.

The Launch of Dial Square Private Wealth

Co-founded by long-time business partners Jim Chiate and Tony Guinane, Dial Square Private Wealth is set to enhance the financial management experience for its clients, boasting total client assets of approximately $1.2 billion.

These entrepreneurs previously carved out a remarkable niche in the wirehouse model before accepting the limitations it imposed. Resolved to provide their clients with better services and options, Chiate and Guinane inspired this transition towards independence.

Transformative Decision for Financial Advisors

“Going independent was not a hasty decision,” said Chiate. “We are driven by our desire to serve clients effectively. The understanding of the evolving independent landscape has been pivotal in our choice, and Sanctuary Wealth stood out as an exceptional partner.”

This partnership models the importance of personalization in financial advisory, offering improvements in holistic service and investment strategy. By gravitating towards an independent firm, both advisors can tap into fresh market opportunities while providing tailored solutions that resonate with their clients' unique needs.

Enhancing Client Services through Independence

At Dial Square, a focus on building deep relationships with clients drives the team's efforts. Recognizing the complexity of client needs, Guinane remarked on the opportunity to deliver bespoke financial management solutions. “We wanted the freedom to innovate our services without the constraints that traditional structures impose,” noted Guinane.

With operational backing from Sanctuary, Dial Square plans to utilize best-in-class custodial services from Charles Schwab and Goldman Sachs, ensuring that clients experience seamless transitions coupled with superior financial solutions that meet their expectations.

A Vision for Excellence in Wealth Management

Vince Fertitta, President of Wealth Management at Sanctuary Wealth, expressed enthusiasm for the addition of Dial Square to their roster. “Sanctuary was built as a supportive environment for elite advisors like Jim and Tony who thrive in a domain where their clients' requirements are prioritized. We see great potential continuing their established success,” he affirmed.

As they expand, Sanctuary Wealth emphasizes creating a supportive ecosystem that promotes both advisor independence and client satisfaction, a crucial balance for sustaining lasting relationships in financial management.

Commitment to Growth and Excellence

Over the past year, Sanctuary Wealth has strategically added 16 new partner firms, demonstrating a robust growth trajectory. Collectively, these firms represent over $10 billion in client assets, indicating a strong trust in Sanctuary’s mission and capabilities.

The Sanctuary Wealth network now hosts over 125 partner firms across multiple states, managing approximately $55 billion in assets, which reflects its dynamic approach to wealth management and advisor support.

About Sanctuary Wealth

Sanctuary Wealth stands as a leading hybrid registered investment advisor, dedicated to providing extensive wealth management solutions. The firm is characterized by its commitment to partnering with independent advisors, promising flexibility, control, and the infrastructure needed for elevated service offerings.

Having expanded its affiliation options through acquisitions, Sanctuary Wealth is now equipped to cater to diverse advisors' requirements across its network of over 125 partner firms, ensuring they thrive in the rapidly changing financial landscape.

Frequently Asked Questions

What is the significance of Dial Square Private Wealth's transition?

Dial Square's move to Sanctuary Wealth signifies a shift towards greater independence, enabling tailor-made financial solutions for their affluent client base.

Who are the co-founders of Dial Square Private Wealth?

The firm was co-founded by Jim Chiate and Tony Guinane, veteran advisors with extensive experience in wealth management.

How does Sanctuary Wealth support its partner firms?

Sanctuary provides operational infrastructure, technology, and strategic partnerships to empower partner firms in delivering top-tier services.

What advantages does Dial Square offer its clients?

Through its independent model, Dial Square offers clients tailored services, including specialized investment strategies and comprehensive financial management.

How has Sanctuary Wealth expanded recently?

Sanctuary has welcomed 16 new partner firms in the past year, collectively managing over $10 billion in client assets, showcasing significant growth in the wealth management sector.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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