Advisers Adam Weinstock, and Eleanor Weinstock, both headquartered in Los Angeles, have joined SLK Private Wealth (SLK), a Sanctuary Wealth (Sanctuary) partner business.

Attracting clients with over $300m in total assets, the highly effective Wells Fargo Advisers team focuses on athletes, artists, entrepreneurs, and corporate executives.

Eleanor Weinstock will take on the role of managing director at SLK, while Adam Weinstock will take on the role of managing partner.

Managing partners Glen Strauss, Jonathan Lewis, and EJ Kahn established SLK.

Its members include Razmig Der-Tavitian, the chief investment officer, Hank Krakover, a partner and portfolio manager, and a staff of seven support personnel.

Strauss said: “Adam and Eleanor run a sophisticated, high-touch advisory business that will fit perfectly with SLK’s culture and approach. Adam will take on a leadership role at SLK, bringing on new clients, continuing to build the practice and ensuring seamless client service for decades to come.”

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In 2022, the founders of SLK departed from Wells Fargo to take control of their $1.6bn stand-alone company inside the Sanctuary network.

SLK is an independent wealth management company committed to meeting hundreds of families’ intricate demands.

The firm is differentiated by its tailored approach to wealth management, which employs the pooled expertise and resources of its experienced team of financial professionals to methodically build financial plans that develop and adapt with their clients’ needs.

Moreover, SLK’s comprehensive approach is supported by evidence-based approaches rooted in financial research.

The firm specialises in tax, retirement, insurance, education, and estate planning, and its commitment to continuous improvement keeps it at the forefront of innovation and industry trends, while its promise of exceptional client service fosters long-term partnerships based on trust and shared success.

Weinstock added: “I’ve been interested in the independent space for several years and have fielded offers from a broad spectrum of firms but nothing that mirrored the opportunity we see with SLK. I’ve known and respected the SLK team from our years together at Wells Fargo and have been incredibly impressed with the people and platform at Sanctuary. When the opportunity arose to help manage and grow the practice while providing our clients with greater investment choice and services, the decision to join SLK was easy.”

Vince Fertitta, president of Sanctuary Wealth shared: “Independent wealth management firms, like SLK, within the Sanctuary network enjoy the benefits of positive operating leverage. Adding a team like the Weinstocks not only enhances their offering to clients but improves their margins and increases the enterprise value of their business. Adam and Eleanor made the move to independence based on their trust in their former colleagues and the range of solutions they could offer their clients within the Sanctuary platform. We welcome them and look forward to supporting them as they serve their clients and build equity in their business.”