Sanctuary Wealth announced that Cedar Cove Wealth Partners joined its network. The independent firm, based in Bloomington, Minnesota, was most recently affiliated with Thrivent Advisor Network.
Founding Partners and Wealth Advisors Jennifer Cords, Ben Johnson and Chris Sipe lead the 14-person team. Keith Sapp is a Partner and Chief Investment Officer.
“We’ve spent the last five years getting to know the independent wealth management space,” said Cords. “And while we’ve learned a lot, grown our team and added clients during this time, we have a vision of where we want to take our business over the next five to 10 years.”
She added, “We’re excited to partner with Sanctuary, where we’ll enjoy the flexibility and autonomy we’ve craved, while taking advantage of an expanded platform with the expertise, resources and support they bring to the table.”
According to Vince Fertitta, President of Wealth Management at Sanctuary, the team at Cedar Cove wanted a “proven partner with deep experience supporting top-performing practices as they reassert their independence. Cedar Cove was impressed with Sanctuary’s innovation and flexibility. With multiple affiliation options, we can match the vision of nearly any top-tier advisor team.”
Since August 2024, Sanctuary has welcomed 18 new partner firms representing more than $10 billion in client assets. Sanctuary’s network includes more than 125 partner firms in 32 states, with over $55 billion in assets on and in transition to its platform.
Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at michael.madden@wealthsolutionsreport.com.
