Sanctuary Wealth Picks Up Father-Son Pair from UBS with $600M in Assets
Sanctuary Wealth, an independent broker-dealer, has added Glomb Private Wealth, a breakaway advisor team from UBS Wealth Management that oversees $600 million in assets.
The Los Gatos, CA-based father-son pair of Chris Glomb and Michael Glomb will join Sanctuary along with Jessica Regidor, managing director and COO, and Sara-Belle Guglielmino, a client service associate.
Chris Glomb was a senior vice president for wealth management at UBS, where he worked for 21 years. Prior to that, he spent 10 years as a financial advisor and vice president at Kidder Peabody.
Michael Glomb has been in financial services for the past 15 years, including the last 11 years as financial advisor at UBS.
“We are extremely impressed by the caliber of teams that tend to join Sanctuary’s network,” said Michael Glomb. “They attract high-performing, experienced advisors, mostly from the wirehouses, who have impressive certifications, multiple licenses and run sophisticated practices.”
Indianapolis-based Sanctuary operates both a corporate RIA business and a separate independent platform for advisors looking to manage their own businesses.
The firm has attracted several breakaway teams from wirehouses in the past year. Most recently, it added Crescent Harbor Private Wealth, a $200 million New Jersey team and Burnham Harbor Private Wealth, a $1 billion Chicago-based team from Merrill Lynch.
Sanctuary added 18 practices in 2022 and is aiming to hire 20 teams during 2023.
The firm manages $25 billion in assets under advisement and is backed by Italian asset manager Azimut Group and Kennedy Lewis.
