Robert Coppola Joins Sanctuary Wealth As Chief Technology Officer

Former Envestnet CTO Tasked To Deliver Solutions And Implementation Strategies To Support Growth Opportunities For Advisors
Robert Coppola, Chief Technology Officer, and Adam Malamed, CEO, Sanctuary Wealth
Robert Coppola, Chief Technology Officer, and Adam Malamed, CEO, Sanctuary Wealth

Robert Coppola has been lured away from Envestnet to become Sanctuary Wealth’s new Chief Technology Officer. Coppola will report to CEO Adam Malamed and spearhead the next stage of Sanctuary’s technology strategy.

According to Malamed, Coppola is a business-minded technologist known for his ability to innovate and create new strategies that help advisors serve clients and grow their businesses through transformative change while generating concrete, impressive results. “With Bob on board, advisors now have a visionary as their partner to help navigate the complex evolution of technology that will enhance their businesses far into the future. This latest leadership team expansion is another example of Sanctuary’s long-term commitment to investing in resources to benefit our Partner Firms,” said Malamed.

In his new role, Coppola has been tasked to identify and prioritize the development of digital solutions and advance the build-out of the firm’s technology platform. He is also assigned to refine Sanctuary’s digital strategy to capture opportunities related to emerging solutions, including artificial intelligence.

Malamed added, “Bob shares our commitment to helping Partner Firms create outsize value in the equity of their own businesses by providing them with top-tier resources that enable the delivery of an exceptional service experience to highly sophisticated and demanding clients.”

Before joining Sanctuary, Coppola helped develop fintech that enabled former W-2 employees to establish independent firms.

Before joining Sanctuary, Coppola was CTO of Envestnet, where he helped develop fintech that enabled former W-2 employees to establish independent firms. His tenure in the financial services industry includes technology leadership roles at companies such as Bloomberg, Thomson Reuters/Thomson Financial and S&P Global.

“Sanctuary developed a tech stack that uses the latest digital solutions to drive efficiencies, improve client service and accelerate advisor growth by listening to the feedback and creative thinking of some of the most sophisticated and elite advisors in the business,” said Coppola.

“I am excited to build on Sanctuary’s impressive tech foundation and reinforce our position as an industry-leading innovator with a proven track record of delivering an exceptional service experience that financial advisors would not receive at a wirehouse or elsewhere in the independent channel.”

With its acquisition this month of tru Independence, Sanctuary now includes more than 120 partner firms in 30 states and has approximately $42 billion in assets on its platform. In April, the firm appointed Michael Goldfader as West Coast Regional Managing Director and Michelle McIntyre as National Business Development Officer. That same month, it recruited $700 million Vincita Investment Partners from Merrill Lynch.

Janeesa Hollingshead, Contributing Editor at Wealth Solutions Report, can be reached at editor@wealthsolutionsreport.com.

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