Integration of BNY Pershing's Wove Platform
Allows Sanctuary Partner Firms to Elevate Client Experience
INDIANAPOLIS, Dec. 11,
2024 /PRNewswire/ -- Sanctuary Wealth (Sanctuary),
providing elite financial advisors the freedom, flexibility,
control and choice to thrive in an evolving industry, has announced
the expansion and enhancement of Sanctuary's multi-custodial wealth
management platform. By leveraging BNY Pershing's Wove platform,
Sanctuary will continue its growth momentum while offering elevated
services to its partner firms and their clients.
All Sanctuary partner firms will now have access to the upgraded
Sanctuary One platform powered by BNY Pershing's Wove, designed to
help connect an investor's complete financial picture in one
place.
"Having the right technology partner as Sanctuary continues to
add scale through organic growth, strategic acquisitions and
ongoing partnerships with elite wealth management firms is critical
to creating exceptional advisor and client experiences," said
Bob Walter, President, Sanctuary
Wealth. "With its seamless integration of technology tools into
a single, data-driven interface, Wove platform allows our partners
to elevate their wealth management offering. We're excited to
collaborate on the launch of Wove, to enhance our offerings and
empower our partner firms to do more for their clients."
The Wove platform incorporates BNY Pershing's interoperable
suite of products, including Wove Investor, Wove Data and Wove
Advisory through a single source. Through a foundational framework
designed to enable future integrations without disruption to
services, Wove enables Sanctuary partner firms to improve the
experience they provide to clients. It also streamlines the
advisor's workflow, letting them view assets holistically,
regardless of where assets are held to better service Sanctuary's
clients. This platform includes portfolio construction and
analytics tools, innovative trading and rebalancing features, a
proposal tool and a client portal integrated with Sanctuary's
existing tech stack.
"We are thrilled to help Sanctuary and their partner firms'
growth ambitions by providing their advisors with next-generation
solutions to meet their clients' evolving needs today and for the
future," said Ainslie Simmonds,
Head of Global Strategy, BNY Pershing and President, BNY Pershing
X. "We believe in empowering advisors to spend more time
focused on their clients by providing them with investment
technology and solutions to seamlessly connect all the components
of their clients' financial picture in one place and meaningfully
cuts down on administrative tasks."
Kevin Pearly, Founding Partner and Private Wealth Advisor at
SkyPath Private Wealth and a member of Sanctuary's Wove
pilot group added, "Sanctuary is leading the way by integrating
Wove platform into its partner firms, setting a new standard for
productivity and client service. Independent advisors have access
to up-to-date and cutting-edge technology, however, often these
applications do not communicate with each other. Wove is designed
to solve for this by bringing these tools together, providing
financial advisor teams the potential to focus more time on
personalized client engagement, strengthening relationships and
driving business growth."
About Sanctuary Wealth
Sanctuary Wealth (sanctuarywealth.com) is the advanced platform
for elite advisors with the entrepreneurial spirit to build, own
and create lasting equity in their practices while delivering
clients the tailored service they deserve. It is committed to
providing partner firms with unequaled freedom, flexibility,
control and choice through an ecosystem of partnered independence
that offers a complete technology and operations platform, support
from a community of like-minded advisors and the resources of
invaluable affiliated businesses. Sanctuary Wealth and its tru
Independence brand offers partner firms multiple affiliation models
to best serve their unique needs.
Currently, the Sanctuary Wealth network includes more than 120
partner firms in 30 states nationwide, with approximately
$48 billion in assets on platform.
Sanctuary Wealth consists of the wholly owned subsidiaries: tru
Independence and Sanctuary Advisors LLC, SEC-registered investment
advisers, Sanctuary Securities, Inc., a FINRA member broker-dealer,
as well as Sanctuary Alternative Holdings, Sanctuary Asset
Management, Sanctuary Insurance Solutions, Sanctuary Global, and
Sanctuary Global Family Office.
About BNY
BNY is a global financial services company that helps make money
work for the world — managing it, moving it and keeping it safe.
For 240 years we have partnered alongside our clients, putting our
expertise and platforms to work to help them achieve their
ambitions. Today we help over 90% of Fortune 100 companies and
nearly all the top 100 banks globally access the money they need.
We support governments in funding local projects and work with over
90% of the top 100 pension plans to safeguard investments for
millions of individuals, and so much more. As of March 31, 2024, we oversee $48.8 trillion in assets under custody and/or
administration and $2.0 trillion in
assets under management.
BNY is the corporate brand of The Bank of New York Mellon
Corporation (NYSE: BK). We are headquartered in New York City, employ over 50,000 people
globally and have been named among Fortune's World's Most Admired
Companies and Fast Company's Best Workplaces for Innovators.
Additional information is available on www.bny.com. Follow us on
LinkedIn (link) or visit our Newsroom (link) for the latest company
news.
BNY Pershing (member FINRA, NYSE, SIPC) is a leading
provider of clearing and custody, trading and settlement, advisory
and investment solutions, data insights, business consulting and
other services to wealth management and institutional firms looking
to grow their businesses.
Brokerage custody provided by Pershing LLC, member FINRA,
NYSE, SIPC, a BNY company. Brokerage services may be
provided by Pershing Advisor Solutions LLC, member FINRA, SIPC.
Bank custody provided by BNY Mellon, N.A, member FDIC. Investment
advisory services, if offered, may be provided by BNY Mellon
Advisors, Inc., an investment adviser registered in the United States under the Investment
Advisers Act of 1940 or one or more affiliates of BNY. Technology
services may be provided by Pershing X, Inc. For more information
visit www.pershing.com.
Media Contacts for Sanctuary Wealth
Donald Cutler or Joseph
Kuo
Haven Tower Group
424-317-4864 or 424 317 4851
dcutler@haventower.com or jkuo@haventower.com
Media Contacts for BNY Pershing
Courtney Woolston
Courtney.woolston@bny.com
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SOURCE Sanctuary Wealth