Sanctuary Wealth has recruited Hillguard Wealth Management as its latest Sanctuary Global partner firm. Led by Marcello Zaffaroni, CEO, and Juan Martin Campuzano, CIO. Formerly with Truist Wealth, the team services approximately 20 U.S. and International families representing $700 million in assets.
Hillguard will operate out of Sanctuary’s corporate office in Miami. The team will leverage Sanctuary’s custodian relationships with Bank of New York and Goldman Sachs to custody client assets. Hillguard will also have access to Sanctuary Open, a technology-enabled multi-discipline platform to advise clients on assets held at non-custodial banks around the world.
“Hillguard’s highly specialized and thriving international practice is the perfect fit for Sanctuary,” said Vince Fertitta, President of Sanctuary Wealth. “Having led and supervised international advisors for over a decade at Merrill Lynch, I know there is significant demand in the marketplace for an alternative to the way most banks and wirehouses treat that sort of business.”
According to a company statement, Hillguard delivers comprehensive wealth management that integrates all aspects of its clients’ financial lives. The firm’s sophisticated solutions help protect wealth across generations and borders. From banking to investments to credit services and beyond, it has decades of experience providing advice on the full range of financial decisions facing ultra-high-net-worth families around the globe.
On their move to independence with Sanctuary, Zaffaroni said, “We are confident that Sanctuary has the tools and expertise needed for our practice to evolve into more of the family office model that our clients desire, enabling our team to better map our client’s financial journey across continents and generations. Sophisticated international clients want a portion of their assets in large creditable U.S. Banks. We are pleased to work with Bank of New York, as well as Goldman Sachs, and are equally excited to add the ability to offer advice on the wealth our clients hold around the world.”
Adam Malamed, CEO of Sanctuary Wealth, welcomed Hillguard and said, “We have built out our global platform to address the product, solution and service requirements of wealthy global families. In addition to accessing our full tech stack, practice management tools and growth resources, international firms can leverage the added resources of our dedicated Sanctuary Global division. We welcome Marcello and his team and look forward to working together for years to come.”
