Sanctuary Wealth Recruits $700M International Firm
Sanctuary Wealth, a firm that provides financial advisors with an independent platform, has welcomed $700 million Hillguard Wealth Management as its latest Sanctuary global partner firm.
Hillguard is led by Marcello Zaffaroni, CEO, and Juan Martin Campuzano, CIO, with support from wealth associate Ivan Flores. Formerly with Truist Wealth, the team services approximately 20 U.S. and international families. The firm will be based in Sanctuary’s corporate office in Miami.
The firm will leverage two of Sanctuary’s multi-custodian relationships (Bank of New York and Goldman Sachs) to custody client assets. The firm will also have access to Sanctuary Open, a tech-enabled and multi-discipline platform, to advise clients on assets held at non-custodial banks globally.
“Having led and supervised international advisors for over a decade at Merrill Lynch, I know there is significant demand in the marketplace for an alternative to the way most banks and wirehouses treat that sort of business, which in far too many instances is to tolerate international clients under restrictive conditions rather than seek them out,” said Vince Fertitta, president of Sanctuary Wealth..
“This is why we established our Sanctuary Global platform four years ago,” he added. Sanctuary Wealth launched Sanctuary Global with high-profile Florida and Texas-based teams from Morgan Stanley and Wells Fargo.
Before forming Hillguard, Zaffaroni was an international wealth advisor and managing director at Truist Wealth. Before joining Truist and its predecessor firm, SunTrust, he worked at HSBC and began his career at Wachovia Wells Fargo. Campuzano most recently was VP, portfolio manager at Truist Wealth. Earlier in his career, he was an analyst with SunTrust and a financial advisor at MetLife.
The Sanctuary Wealth network includes over 120 partner firms in 30 states, with approximately $50 billion in assets on platform. Kennedy Lewis Investment Management, a New York private credit manager, and Azimut Group, an Italian asset manager, both back the firm.