Indianapolis-based hybrid advisor platform Sanctuary Wealth is increasing additional into the New York Metropolis metropolitan space with its newest addition in Rye, N.Y.
Crescent Pine Household Workplace Group, led by Ronan O’Byrne, will embrace Sam J. Berger and Dani Oliveira within the again workplace. O’Byrne was beforehand affiliated with Fieldpoint Non-public Securities and brings with him about $230 million in property underneath administration.
“The New York metro market is a vital one for Sanctuary Wealth’s continued development,” Sanctuary CEO Jim Dickson mentioned in a press release. “We couldn’t be happier that Ronan O’Byrne selected to launch his impartial agency Crescent Pine Household Workplace Group on the Sanctuary platform.”
“I needed to begin an impartial agency, however I didn’t wish to do it alone,” mentioned O’Byrne. “Sanctuary is the right match, providing the help and capabilities of a boutique personal financial institution in an impartial setting.
“It’s true open structure, plus we now have entry to the entire options that Sanctuary has curated on behalf of their companion corporations,” he mentioned. “This contains Fieldpoint Non-public banking options, which was extraordinarily vital to me.”
O’Byrne joined Fieldpoint in 2014 following a 20-year capital markets profession operating a non-public multi-family workplace follow targeted on ultra-high-net-worth households, rich entrepreneurs and enterprise owner-operators.
“Ronan O’Byrne has constructed a highly-successful follow in a really brief time period by fixing for the complexities that always include substantial wealth,” mentioned Sanctuary President Vince Fertitta. “We’re extremely gratified that he selected partnered independence with Sanctuary Wealth and are firmly dedicated to serving to Crescent Pine Household Workplace Group attain its full potential by providing the options their shoppers deserve and the help the enterprise wants.”
Funding introduced earlier this month is supporting Sanctuary’s ongoing mergers and acquisitions efforts, which have been targeted largely on increasing additional into the New York Metropolis metro space over the past 12 months.
“Let’s simply be sincere,” Dickson informed WealthManagement.com one 12 months in the past, “New York is the hub of the monetary providers world. And so if we wish to be a world participant, as we do, we wanted to have a presence there.”
At the moment, the Sanctuary Wealth community contains companion corporations in 26 states throughout the nation with about $25 billion in property underneath advisement.