Sanctuary Wealth held its annual Oasis conference in Hollywood, Florida, at The Diplomat Beach Resort Hotel, from Oct. 16 to 18. With more than 500 persons in attendance, the conference set a new record. Many attendees were formerly wirehouse advisors and relatively new to the independent model.
With community building stated as the primary goal, the conference provided opportunities for advisors to reconnect, share ideas and enhance personal connections. In addition, it featured education and training.
This year’s participants included advisors from tru Independence, gathering with their peers for the first time since Sanctuary’s acquisition of tru in May.
The event’s theme, “Bold Ambition,” aimed to encourage attendees to take decisive action to succeed in the evolving wealth management industry.
Opening the conference, Adam Malamed, CEO of Sanctuary, said, “Be bold, innovate, and respond to client demand—or risk being left behind. Independent wealth management firms have never had a greater opportunity for growth, and this momentum will continue. Our conference aims to help Partner Firms recognize industry trends and take strategic action to capture these opportunities for client success and business growth.”
Enhanced and new solutions introduced at the conference include a digital asset platform that will be available later this year; a partnership with BNY Pershing that will bring new clearing, custody and technology tools to Sanctuary’s advisors through BNY Pershing X’s Wove wealth management platform; a formalized affiliation program to assist practices looking for inorganic growth; full access to Jump’s Advisor AI software; and SEC-compliant Google Testimonials.
Of the expanded solutions, Malamed said, “Sanctuary is investing to equip affiliated advisors with the tools, products, and solutions necessary for flexibility, growth and long-term success in this dynamic industry.”
In May, Sanctuary added advisors Adam Weinstock and Eleanor Weinstock from Wells Fargo and Robert Coppola joined as Chief Technology Officer. In April, the firm added Vincita Investment Partners, a Merrill Lynch breakaway with $700 million in assets.
James Miller, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at ContributingEd@wealthsolutionsreport.com.
