Sanctuary Wealth Partners, part of Noyes Group, has acquired Indianapolis-based investment advisor Winthrop Capital Management.
Winthrop Capital Management was founded in 2007 by Greg Hahn and is currently said to have nearly $1bn in assets under management (AUM).
It offers management services of model portfolios, equity, high-grade and high yield fixed income portfolios for private clients and institutions.
It also provides income-oriented strategies, managing taxable and tax-exempt strategies to its clients.
Sanctuary president and founder Jim Dickson said: “Winthrop’s exceptional portfolio management capabilities, proprietary research, and model portfolio track record advance our platform for our current and future financial advisors.
“Adding Winthrop signals our commitment to our advisors to deliver a client-centric, best-in-class platform with a deep bench of experience.
“This addition represents the necessary next step in the evolution of our brand as a premier landing spot for wirehouse advisors looking to enhance and customise their client experience.”
Following the acquisition, Hahn will head the Investment Solutions Division for Sanctuary Wealth Partners.
Also, he has been appointed as the chief investment officer for Noyes Group and will join the Sanctuary Wealth Partners Board of Directors.
Noyes COO Matthew Reynolds said: “Adding Winthrop Capital Management enhances our advisors’ access to both outstanding investment management and a highly-respected Chief Investment Officer.
“Our advisors needed a first-rate platform, and Greg’s gifted and technologically adept team helps us deliver that.”