In its second recruitment of the year, Sanctuary Wealth announced that Kristin Larson joined from UBS and launched NewSpring Wealth Partners. The Minneapolis-based practice manages nearly $200 million in total client assets.
Spending nine years at UBS, she most recently served as Senior Vice President, Wealth Management and Financial Advisor with the Carlson Larson Wealth Management group at UBS Financial Services. Prior to that, she served in various planning and client service roles at Wells Fargo Advisors and Ameriprise.
“We were pleased to invite Kristin to join Sanctuary’s Partnered Independence model and are excited to help her launch NewSpring,” said Vince Fertitta, President of Sanctuary Wealth. “Her accomplishments so early in her career are admirable – already being recognized as one of the industry’s top next-gen and top woman advisors. By choosing independence she has unlocked a valuable asset with a fantastic growth trajectory and can now serve as a true fiduciary for her clients, offering them expanded support, enhanced technology and objective investment solutions.”
“Once I got a glimpse of what is possible in the independent space, I couldn’t unsee how much better I would be able to serve and communicate with clients than continuing to work as an employee,” said Larson.
She added, “With Sanctuary, I’ve found a true partner who will support my practice, helping me empower mid-career professionals, especially women, who, like me, are starting on new journeys. Access to best-in-class technology, solutions and coaching coupled with the freedom and flexibility to grow my brand as I see fit, made Sanctuary the perfect place to launch NewSpring.”
Larson was named twice among the Forbes Top Next-Gen Wealth Advisors (Best-in-State, 2023, 2024) and also listed among the Forbes Top Women Wealth Advisors (Best-in-State, 2024).
Adam Malamed, CEO of Sanctuary Wealth, added, “As the great wealth transfer continues, women will gain even greater control over the nation’s finances, and many will look to accomplished women like Kristin to manage their assets and achieve their financial goals. I’m proud that Sanctuary has the platform and culture that continues to attract such high-quality, women-led partner firms, and we stand committed to ensuring Kristin has all she needs to succeed in the independent space.”
This announcement follows Sanctuary’s $700 million recruitment of Hillguard Wealth Management in January. Sanctuary has over 120 partner firms in 30 states, with approximately $50 billion in assets on its platform.
James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.
