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September 22, 2021

Sanctuary Wealth makes strategic investment in InnoVise

By Verdict Staff

Sanctuary Wealth has made a strategic investment in the Los Angeles-based multi-family office and advisory firm Innovise Family Wealth Advisors.

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The move also provided Sanctuary with a stake in the company. Financial terms of the deal and the size of the stake were not disclosed.

This strategic investment will support the launch of Sanctuary’s latest offering- Sanctuary Global Family Office.

Sanctuary Wealth CEO Jim Dickson said: “InnoVise has rapidly become a highly successful multi-family office and like Sanctuary Wealth, they are positioned for continued dynamic growth.

“Our investment allows the launch of Sanctuary Global Family Office, which will be led by InnoVise’s Brian Weiner, and will provide the advisors in our network with a wide range of family office services.”

InnoVise Family Wealth Advisors, formerly known as Audent Family Wealth Advisors, specialises in family office consultancy, and business sale pre-event planning.

The firm is led by managing partner Brian Weiner and co-founder and partner Michael Winn.

Commenting on the development, Weiner said: “While InnoVise will continue to operate independently, we will also be providing important family office services to the rest of the Sanctuary network, affording tremendous growth opportunities to all parties involved.”

Winn added: “As a member of Sanctuary’s network, we will be able to help them prepare their clients for likely income tax and estate transfer changes over the next few years.”

The latest development follows Sanctuary’s recent expansions into international family office services, including the opening of the Miami office and increased focus on serving the Latin American markets.

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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