Acquisition Drive Elevates Sanctuary Wealth's Client Assets

Editorial Staff

16 July 2026

As an example of the kind of wealth management growth happening in North America – in part fueled by M&A – Sanctuary Wealth announced yesterday that it has added over $5.9 billion in client assets from advisors coming on board.

Sanctuary, an RIA, said the new assets lifted Sanctuary’s trailing 12-month recruited assets to $12.7 billion, a record.

Some of the new Sanctuary Partner Firms in 2026 include StackStone Wealth ; Miller Asher Private Wealth ; Soteris Private Wealth ; Valen Private Capital ; Pierstone Wealth Management ; Iron North Private Wealth ; KZ Private Wealth , and OPT Wealth Management

The firm has ramped up its affiliation models since Adam Malamed was named CEO in February 2023. Since that year, total client assets have increased from $27.8 billion to $65.7 billion, while the number of partner firms the firm serves has grown from 68 to 125.

Mahmed said the firm will selectively add more teams in the rest of this year.

As published separately today by Family Wealth Report, our US correspondent has spoken to David DeVoe, CEO of his eponymous business, DeVoe & Co, about valuations and other trends in wealth sector M&A. There has been a considerable amount of activity in recent years, driven by a desire for economies of scale, private equity firms’ search for ways to deploy capital, and older advisors retiring from the industry. Higher costs and demands for spending on tech – such as AI – have driven part of this trend.

Among the largest industry deals in the first half of 2026 was that involving Hightower, which in April agreed to acquire one of its flagship franchises, The Bahnsen Group, a firm with about $9.5 billion in assets under management.