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July 7, 2022

Sanctuary Wealth picks stake in GoalPath Solutions

Sanctuary Wealth has acquired a minority stake in Kansas-based GoalPath Solutions as part of its strategic investment in the firm.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The size of the stake purchased, and other financial terms of the deal were not disclosed.

GoalPath specialises in investment management services and financial planning. The firm also provides financial wellness education to participants of workplace retirement plans.  

It also works with employer-sponsored retirement plans and offers them guidance, investment analysis, provider analysis, and plan design.

The deal will enable Sanctuary to add retirement plan expertise to its platform.

Sanctuary Wealth CEO and founder Jim Dickson said: “With our investment in GoalPath Solutions, we are adding an outstanding partner to the network. This enables us to provide our partners with best-in-class resources to help them better serve business owner clients and enhance their retirement plan business.”

Besides investment management, planning and education services, GoalPath also works with independent advisors to help them bolster their retirement plan business.

It provides advisers access to back-office systems, processes, sales tools, investment solutions, and a spectrum of other products and services.

GoalPath Solutions co-founder and CIO Vern Cushenbery said: “We look forward to putting our skills in the retirement plan space at the service of our partners in the Sanctuary network to help them develop their retirement businesses, as we do for many advisors with GoalPath Solutions.”

Last month, Sanctuary Wealth introduced a customised alternative investments platform to help its partner firms streamline the management of alternative investments across their full investment life-cycle.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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