M and A
Deals Of The Day: The Latest In Wealth Management M&A – Modern Wealth, Sanchez
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Modern Wealth Management, Sanchez Wealth
Management
Modern Wealth
Management, an RIA, has acquired Jacksonville, Florida-based
Sanchez Wealth Management Group, a wealth management firm
overseeing nearly $710 million in client assets.
The acquired business was founded by Christen "Chris" Sanchez (main picture). He is joined by his sister and wealth advisor Dawn Nicoles, and wealth advisor Josh Mandelkorn, a 15-year industry veteran. They are supported by Alexandria Sanchez, client service associate and Christen’s daughter, Lindsey Hall, client service associate and Jennifer Koeller, director of operations.
The acquisition follows Modern Wealth’s purchase of South Florida-based Legacy Wealth Management and subsequent expansion into Clearwater and Greater Tampa Bay through Flaharty Asset Management. The Sanchez Wealth move establishes a presence in Jacksonville.
Modern Wealth was co-founded by former United Capital executives Gary Roth, Mike Capelle and Jason Gordo.
Specific financial terms of the acquisition were not disclosed.