Modern Wealth Management has acquired Sanchez Wealth Management Group, a Jacksonville, Florida-based advisory business that manages close to $710m in client assets.
Financial terms of the deal remain undisclosed.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Sanchez Wealth was established by Christen (Chris) Sanchez and has operated for more than 25 years, with a focus on advising whole family households on financial matters.
The firm’s advisory team includes Chris Sanchez, his sister Dawn Nicoles and Josh Mandelkorn, who has 15 years of industry experience.
Support staff include Alexandria Sanchez, a client service associate and Chris’s daughter, Lindsey Hall, also a client service associate, and Jennifer Koeller, director of operations.
Sanchez said: “As we thought about the next chapter, continuity was incredibly important. We wanted to know that the firm, our team and the relationships we have built would be here for our clients and their families long into the future.
“Modern Wealth gives us that continuity while preserving the personal, household-focused approach that has defined us from the beginning.”
Sanchez Wealth advises clients on investment management, retirement planning, estate planning considerations, beneficiary designations and other elements of their financial affairs.
As part of the deal, the Sanchez Wealth team will have access to shared resources in technology, compliance, human resources, operations, marketing and other business functions within Modern Wealth.
Modern Wealth president and co-founder Jason Gordo said: “Chris and his team have built a business with deep client relationships, a highly personal service model and a culture built to last.
“Jacksonville also represents an important addition to our growing Florida presence, giving us another strong local team as we continue building scale throughout the state and across the country.”
The transaction adds Jacksonville to Modern Wealth’s Florida footprint. The company previously entered the state through its purchase of Legacy Wealth Management in South Florida and later expanded into Clearwater and the Greater Tampa Bay area through Flaharty Asset Management.
