On April 28, 2023, it was announced that Sanctuary Wealth will acquire Burnham Harbor Private Wealth.
Pursuant to the agreement, Burnham Harbor Private Wealth (“Burnham”) will leave Merrill Lynch to join Sanctuary Wealth (“Sanctuary”). The deal will see the entire Burnham team, including managing partners James Corrigan, David Holtkamp, Sean Jucas, and Kenneth Shay join Sanctuary as part of the transaction. Further terms of the deal were not disclosed.
Sanctuary, based in New York, is a wealth management firm offering a technology and operations platform to support partner firms in its network. Sanctuary partner firms manage approximately $25 billion in client assets.
Burnham is a Chicago-based wealth management firm offering services primarily to families and high-net-worth individuals. Burnham has over $1 billion in assets under management.
To read the press release: please click here.