Sanctuary Wealth Announces Acquisition of Southeastern Advisor Through Minority Stake Program and Investment in Employer-Sponsored Retirement Plan Consultant
Sanctuary Wealth continues its strong M&A-powered growth by investing in Overland Park, Kansas-based GoalPath Solutions, with $3 billion in assets, and Hot Springs Village, Arkansas-based Marriott Wealth Advisors, with $140 million in assets.
Expanding Retirement Plan Expertise
Independent RIA GoalPath specializes in financial planning, investment management and financial education for members of firm-sponsored retirement plans and consulting services to retirement plans covering provider analysis, investment analysis, fiduciary guidance and plan design.
In addition, GoalPath serves independent advisors in growing their retirement plan business through sales support, investment solutions, processes and back-office systems.
“Our primary focus is helping advisors deliver more value while supporting the fiduciary role that burdens most employers,” said Marko Ungashick, Co-Founder and Chief Executive Officer of GoalPath.
Sanctuary will leverage its partnership with GoalPath to provide enhanced resources and expertise to its advisors, catalyzing growth for their workplace-based retirement plan business.
Jim Dickson, CEO and Founder of Sanctuary, stated that the investment in GoalPath “enables us to provide our partners with best-in-class resources to help them better serve business owner clients and enhance their retirement plan business.”
Arkansas Acquisition Demonstrates Sanctuary’s Partnership Program
Retirement plan-focused Marriott Wealth, founded in 2010 by Joseph Marriott, joined Sanctuary as a division of mFORCE Capital, a partner firm of Sanctuary, through the firm’s Partnership Program, by which Sanctuary makes acquisitions on behalf of its partner firms, providing capital and investing a minority stake in the acquiree.
Joseph Marriott entered the acquisition pursuant to his succession plan, in order to provide long-term stability for his clients and future growth opportunities for his firm.
Dickson said that Marriott Wealth is “a highly successful group of professionals who align perfectly in terms of philosophy, culture, and work ethic with our existing partner mFORCE Capital …”
Brad Bruce, Founder, CEO and Wealth Management Advisor of the Fort Worth, Texas-based mFORCE Capital, stated that “as a native Arkansan, I had always wanted to have a footprint in the state.”
Janeesa Hollingshead, Executive Editor at Wealth Solutions Report, can be reached at firstname.lastname@example.org