Sanctuary Draws Another Wealth House Into Its Network

Editorial Staff

29 August 2022

Sanctuary Wealth, the US wealth management group, has welcomed Mackie & Waller Wealth Management Group in St Louis to its network of partner firms.

Formerly affiliated with Wells Fargo Advisors where they advised on $250 million in client assets, the named partners are Peter F Mackie and Paul P Waller IV. They are joining Sanctuary Wealth as an affiliate of another partner firm, Cape Rock Private Wealth in Jackson, Missouri.

Peter F Mackie brings decades of experience as an investment portfolio manager at Wells Fargo in St Louis as well as the former Bankers Trust in New York, London, and Palm Beach. Paul Waller, who had been with Wells Fargo since 2008, joined Mackie & Waller Wealth Management Group in 2014. His expertise includes investment planning, IRA distribution, and Federal benefits strategies.

The Sanctuary Wealth network includes partner firms in 27 states across the country with about $25 billion in assets under advisement. FWR interviewed the firm in July to discuss its growth, business model and its views on the wider US wealth sector.