Wirehouse advisors

Six months in, the wirehouse is taking an unusually hands-on approach in its first foray into the RIA space.

The St. Louis-based firm is looking to hire advisors from wirehouses, says head of recruitment John Pierce.

Sanctuary Wealth firms now have over $10 billion in client assets.

The recruits include a 37-year industry veteran who co-managed $240 million in client assets.

Two teams with $344 million in total AUM are tasked with expanding the firm’s presence in Mexico and South America.

The fast-growing firm now has more than 100 brokers.

The regional BD opened its third new location in Texas this year.

The firm had cut back on hiring efforts in 2016, citing exorbitant costs.

Concerns arose when the SEC first proposed its package of regulations. Instead of addressing these worries, the agency just codified them.

The advisors managed more than $225 million in combined client assets.