Sanctuary Wealth Acquires a Stake in InnoVise

INVESTMENT MANAGEMENT DEALS BLOG

October 18, 2021

On September 28, 2021, Sanctuary Wealth announced that it had acquired a stake in InnoVise Family Wealth Advisors.

Under the terms of the transaction, Sanctuary Wealth (“Sanctuary”) has acquired InnoVise Family Wealth Advisors (“InnoVise”). Innovise was formerly known as Audent Family Wealth Advisors and adopted the InnoVise name in anticipation of this deal. Michael Pagano will join InnoVise as its Chief Operating Officer. Further terms of the agreement were not disclosed.

Sanctuary, based in Indianapolis, is an independent wealth management firm. Sanctuary has approximately $12 billion in assets under management.

InnoVise, based in Los Angeles, is an advisory firm specializing in family office consultancy, and business sale pre-event planning. Berkshire Global Advisors LP advised InnoVise on the transaction.

To read the press release: please click here.