Sanctuary Welcomes $2B UBS Breakaway Team to Independence Model
Sanctuary Wealth has added 1280 Financial Partners, a $2 billion breakaway team from UBS, to its Partnered Independence model. The firm, with offices in Florida, Ohio, and South Carolina, has joined Sanctuary’s Strategic Capital Partnership program to launch as an independent entity.
Established in 2021 and named for the approximately 1,280 miles of highway connecting its original Fort Myers and Sandusky offices, 1280 Financial is led by managing partners Tom Burt, Duane Ohly, Charlie Todd, and John McGee. The team includes Senior Vice Presidents Brett Kinzel, John Petracco, and Carol Powell, Vice President Richard Allen Flippo, and four client service associates.
“As a fast-growing, multi-generational team with complex platform needs and a passion for delivering superior client experience, my partners and I were extremely thorough and deliberate when making the decision to launch our own firm,” said Burt.
The firm serves high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, including athletes, entertainers, entrepreneurs, and executives. Its Institutional Consulting Division manages assets for insurance, corporate, government, nonprofit, and endowment clients, and offers a rare captive insurance business to other Sanctuary firms.
1280 Financial serves high-net-worth and ultra-high-net-worth clients, including athletes, entertainers, entrepreneurs, and executives. Its Institutional Consulting Division manages assets for insurance, corporate, government, nonprofit, and endowment clients and provides a unique captive insurance business to other Sanctuary firms.
The addition follows Sanctuary’s recent recruitment of NewSpring Wealth Partners from UBS in February 2025 and Centel Wealth Advisory with $2.2 billion in September 2024, highlighting its appeal to top-tier advisors seeking independence. Based in Indianapolis, Sanctuary Wealth now supports over 120 partner firms across 30 states, managing roughly $50 billion in assets.
In January, Sanctuary announced the addition of $700 million Hillguard Wealth Management as its latest global partner firm. Prior to that, the firm welcomed TOVA Wealth, a practice with over $400 million in client assets that broke away from Merrill Lynch Wealth Management to go independent.
Kennedy Lewis Investment Management, a New York private credit manager, and Azimut Group, an Italian asset manager, both back the firm.