Sanctuary Wealth has announced the addition of NewSpring Wealth Partners, a Minneapolis-based advisory firm, to its network.
Founded by financial adviser Kristin Larson, NewSpring Wealth Partners manages close to $200m in client assets.
Larson, who has over a decade of experience in wealth management, previously served as wealth management senior vice president and financial adviser with the Carlson Larson Wealth Management group at UBS Financial Services.
Before her tenure at UBS, she held planning and client service roles at Wells Fargo Advisors and Ameriprise.
Larson said: “With Sanctuary, I’ve found a true partner who will support my practice, helping me empower mid-career professionals, especially women, who, like me, are starting on new journeys.
“Access to best-in-class technology, solutions and coaching coupled with the freedom and flexibility to grow my brand as I see fit, made Sanctuary the perfect place to launch NewSpring.”
NewSpring Wealth Partners operates as an independent advisory firm focused on helping clients build and protect their wealth.
The firm aims to provide a personalised and confidential space for clients to manage their financial goals and reduce financial stress.
Sanctuary Wealth, which provides a platform for independent financial advisers, currently supports more than 120 partner firms across 30 US states, overseeing approximately $50bn in assets.
The firm offers multiple affiliation models through its subsidiaries, including tru Independence, Sanctuary Advisors, and Sanctuary Securities.
Sanctuary Wealth CEO Adam Malamed said: “As the great wealth transfer continues, women will gain even greater control over the nation’s finances and many will look to accomplished women like Kristin to manage their assets and achieve their financial goals.
“I’m proud that Sanctuary has the platform and culture that continues to attract such high-quality, women-led partner firms, and we stand committed to ensuring Kristin has all she needs to succeed in the independent space.”
