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Sanctuary Wealth Expands and Enhances its Sanctuary One Platform with BNY

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#financialconsultant #wealth #wealthadvisors #luxurylifestyle
Published
01/04/2025 by

Sanctuary Wealth (Sanctuary), providing elite financial advisors the freedom, flexibility, control and choice to thrive in an evolving industry, has announced the expansion and enhancement of Sanctuary's multi-custodial wealth management platform. By leveraging BNY Pershing's Wove platform, Sanctuary will continue its growth momentum while offering elevated services to its partner firms and their clients.

All Sanctuary partner firms will now have access to the upgraded Sanctuary One platform powered by BNY Pershing's Wove, designed to help connect an investor's complete financial picture in one place.

"Having the right technology partner as Sanctuary continues to add scale through organic growth, strategic acquisitions and ongoing partnerships with elite wealth management firms is critical to creating exceptional advisor and client experiences," said Bob Walter, President, Sanctuary Wealth. "With its seamless integration of technology tools into a single, data-driven interface, Wove platform allows our partners to elevate their wealth management offering. We're excited to collaborate on the launch of Wove, to enhance our offerings and empower our partner firms to do more for their clients."

The Wove platform incorporates BNY Pershing's interoperable suite of products, including Wove Investor, Wove Data and Wove Advisory through a single source. Through a foundational framework designed to enable future integrations without disruption to services, Wove enables Sanctuary partner firms to improve the experience they provide to clients. It also streamlines the advisor's workflow, letting them view assets holistically, regardless of where assets are held to better service Sanctuary's clients. This platform includes portfolio construction and analytics tools, innovative trading and rebalancing features, a proposal tool and a client portal integrated with Sanctuary's existing tech stack.

"We are thrilled to help Sanctuary and their partner firms' growth ambitions by providing their advisors with next-generation solutions to meet their clients' evolving needs today and for the future," said Ainslie Simmonds, Head of Global Strategy, BNY Pershing and President, BNY Pershing X. "We believe in empowering advisors to spend more time focused on their clients by providing them with investment technology and solutions to seamlessly connect all the components of their clients' financial picture in one place and meaningfully cuts down on administrative tasks."

Kevin Pearly, Founding Partner and Private Wealth Advisor at SkyPath Private Wealth and a member of Sanctuary's Wove pilot group added, "Sanctuary is leading the way by integrating Wove platform into its partner firms, setting a new standard for productivity and client service. Independent advisors have access to up-to-date and cutting-edge technology, however, often these applications do not communicate with each other. Wove is designed to solve for this by bringing these tools together, providing financial advisor teams the potential to focus more time on personalized client engagement, strengthening relationships and driving business growth."

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