DJIA39807.37 47.29
S&P 5005254.35 5.86
NASDAQ16379.46 -20.06
Russell 20002120.20 4.00
German DAX18504.51 29.45
FTSE 1007952.62 20.64
CAC 408205.81 1.00
EuroStoxx 505082.85 0.10
Nikkei 22540369.44 201.37
Hang Seng16541.42 148.58
Shanghai Comp3010.66 17.52
KOSPI2745.82 -9.29
Bloomberg Comm IDX99.49 1.18
WTI Crude-fut87.00 1.32
Brent Crude-fut83.15 1.80
Natural Gas1.76 0.05
Gasoline-fut2.72 0.04
Gold-fut2238.40 26.20
Silver-fut24.92 0.23
Platinum-fut921.10 11.20
Palladium-fut1021.50 26.00
Copper-fut400.70 -0.30
Aluminum-spot1815.00 0.00
Coffee-fut188.85 -1.80
Soybeans-fut1191.50 -1.00
Wheat-fut560.25 12.75
Bitcoin69691.00 -960.00
Ethereum USD3531.02 -32.33
Litecoin98.55 4.29
Dogecoin0.21 0.00
EUR/USD1.0804 0.0009
USD/JPY151.17 -0.14
GBP/USD1.2627 -0.0003
USD/CHF0.9012 0.0000
USD IDX104.61 0.05
US 10-Yr TR4.206 0.01
GER 10-Yr TR2.294 0.002
UK 10-Yr TR3.946 0.01
JAP 10-Yr TR0.732 0.026
Fed Funds5.5 0
SOFR5.33 0.01

Connect Money In Your Inbox.

Sign up to get the most important news on the business of financial services delivered daily.

Sub Markets

Property Sectors

Topics

Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  | 
Sanctuary Wealth Scoops Up $1B Merrill Team of Advisors

Sanctuary Wealth Scoops Up $1B Merrill Team of Advisors

Registered investment advisor aggregator Sanctuary Wealth has added $1 billion Burnham Harbor Private Wealth, a Chicago-based Merrill Lynch advisory group.

The Burnham Harbor team includes managing partners James Corrigan, David Holtkamp, Sean Jucas and Kenneth Shay. Wealth associates Basel Alwawi and Cindy Hehr also join Sanctuary.

“While we knew we had outgrown the wirehouse, our team didn’t want to go out on our own. In Sanctuary, we found a partner that provides the right balance of support, freedom, flexibility, and optionality we were looking for in a new home,” said Corrigan.

Shay has worked in the securities business since 1966 and has also worked as an advisor for Morgan Stanley. He joined Merrill in 2007. Corrigan, Holtkamp and Lucas had been with Merrill for at least 16 years.

“Sanctuary was created to provide firms like Burnham Harbor the ability to confidently break away from wirehouses and enjoy the benefits of independence,” said Vince Fertitta, President, Wealth Management, Sanctuary Wealth.

In addition to operating its own RIA business, Sanctuary provides a platform for technology and operations. The Sanctuary network includes partner firms in 28 states with approximately $25 billion in assets under advisement.

Connect

Inside The Story

Sanctuary Wealth

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

New call-to-action
New call-to-action