Former Wells Fargo Duo With $300 Million in Client Assets Joins Sanctuary Wealth
Los Angeles-based advisers Adam Weinstock, CFP, and Eleanor Weinstock are joining SLK Private Wealth, a Sanctuary Wealth partner firm. Formerly of Wells Fargo Advisors, the Weinstocks have a client base of more than $300 million in total assets focused on athletes, entertainers, entrepreneurs, and corporate executives. Adam will become a managing partner of SLK, while Eleanor will become a managing director.
SLK was founded by managing partners Glen Strauss, Jonathan Lewis and EJ Kahn, and includes Razmig Der-Tavitian, chief investment officer; Hank Krakover, partner and portfolio manager; and a seven-person support team. SLK’s founders left Wells Fargo in 2022 to establish ownership of their $1.6 billion independent business within Sanctuary’s network.
“Adam and Eleanor run a sophisticated, high-touch advisory business that will fit perfectly with SLK’s culture and approach,” said Strauss. “Adam will take on a leadership role at SLK, bringing on new clients, continuing to build the practice and ensuring seamless client service for decades to come.”
“I’ve been interested in the independent space for several years and have fielded offers from a broad spectrum of firms but nothing that mirrored the opportunity we see with SLK,” said Adam. “I’ve known and respected the SLK team from our years together at Wells Fargo and have been incredibly impressed with the people and platform at Sanctuary. When the opportunity arose to help manage and grow the practice while providing our clients with greater investment choice and services, the decision to join SLK was easy.”
SLK is an independent wealth management firm that specializes in tax, retirement, insurance, education and estate planning.
“Independent wealth management firms, like SLK, within the Sanctuary network enjoy the benefits of positive operating leverage. Adding a team like the Weinstocks not only enhances their offering to clients but improves their margins and increases the enterprise value of their business,” said Vince Fertitta, president of Sanctuary Wealth. “Adam and Eleanor made the move to independence based on their trust in their former colleagues and the range of solutions they could offer their clients within the Sanctuary platform. We welcome them and look forward to supporting them as they serve their clients and build equity in their business.”
Sanctuary Wealth includes more than 120 partner firms in 30 states across the country with approximately $42 billion in assets on platform. Sanctuary Wealth includes the fully owned subsidiaries: Sanctuary Advisors LLC, an SEC-registered investment adviser; Sanctuary Securities Inc., a FINRA member broker-dealer; as well as Sanctuary Alternative Holdings, Sanctuary Asset Management, Sanctuary Insurance Solutions, Sanctuary Global, and Sanctuary Global Family Office.
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