On May 1, 2024, Sanctuary Wealth announced its acquisition of tru Independence.
Sanctuary Wealth (“Sanctuary”) announced that it acquired tru Independence (“tru”). Upon the completion of the transaction, the firms will operate as distinct entities, maintaining their existing brands and leadership teams. Further terms of the transaction were not disclosed.
Sanctuary, based in Indianapolis, Indiana, is a platform offering technology, operations, research, and support for independent advisors. As of March 2024, Sanctuary had $28 billion in assets under advisement.
tru, based in Portland, Oregon, is a services-based platform that provides advice for registered investment advisors. As of April 2024, tru had $543 million in assets under management. Echelon Partners served as the exclusive financial advisor to tru on the transaction.
To read the press release: please click here.