Sanctuary Wealth hires former Wells Fargo, BNY Mellon Pershing veterans
Two wealth management industry veterans have joined Sanctuary Wealth in leadership roles to build on the firm’s network of partner firms with around $30 billion in assets under management.
Michael Goldfader takes on the role of regional managing director for the West Coast, with experience gained over 33 years in the industry, including as a financial advisor, and 22 years at UBS, where he was market head in Beverly Hills. Most recently he was high net worth and private wealth leader at Wells Fargo Advisors and The Private Bank in Los Angeles and Orange County, California.
“Sanctuary’s compelling value proposition for wirehouse breakaways strikes the right balance, offering the control top producers crave without giving up the infrastructure and support they need,” Goldfader said ina statement. “In order for the best independent advisors to thrive, they must have the freedom and flexibility to choose how to build their businesses, and that simply isn’t available on platforms that are self- or single custody.
Meanwhile, Michelle McIntyre has joined as national business development officer. Previously with BNY Mellon, she has two decades in financial services across the independent and wirehouse channels, including serving as a financial advisor and in leadership roles at Merrill Lynch – which recently lost a $700 million breakaway practice to Sanctuary.
Together with Goldfader and the business development team, McIntyre will aim to attract wirehouse breakaway partner firms and those that are already independent.
“In my previous role, I had a unique perspective on the various ways a breakaway could establish independence, and I worked with those already independent as they tried to eliminate the distractions that got in
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