$1B Stifel Team Breaks Away for Sanctuary Wealth

Sanctuary Wealth has announced the addition of the M&K Legacy Wealth team, based in Indianapolis. M&K is the latest breakaway to establish their own firm under the Sanctuary “partnered independence” model.

M&K, which oversees more than $1 billion in total client assets, was formerly called Tanner Wealth Management Group and employed by Stifel Financial.

Founders and managing partners J. Miller and Chad Keller, are joined by six-decade industry veteran L. Gene Tanner in launching their new independent firm.

The team also includes wealth advisors Christy Swindel and Suzanne Marshall, Sr., and three associates and operations support staff. M&K will be based in Sanctuary’s Indianapolis corporate offices and is the company’s third billion-dollar, multigenerational partner firm in the Indianapolis area.

“After a warm introduction from another of their Indianapolis-based, nationally recognized Partner Firms, we felt confident that Sanctuary’s approach and platform could deliver something well beyond what can be found in traditional banks and brokerage firms,” said Miller.

M&K offers comprehensive wealth management, including retirement planning, risk mitigation, and estate planning advice for business owners, pre-retirees, and retired clients.

Sanctuary has developed to become one of the nation’s largest pure RIA platforms, owing mostly to the recruitment of wirehouse breakaways. Currently, the firm manages around $30 billion in client assets through partner firms in 27 states.