Modern Wealth Buys $710 Million Sanchez Group, Lifting Assets Above $15 Billion
Updated
Updated · Wealth Management · Sep 10
Modern Wealth Buys $710 Million Sanchez Group, Lifting Assets Above $15 Billion
2 articles · Updated · Wealth Management · Sep 10
Summary
$710 million in client assets moved to Modern Wealth after it acquired Jacksonville-based Sanchez Wealth Management Group, its fifth deal of 2026 and third Florida acquisition in five months.
Chris Sanchez said Modern Wealth's technology, infrastructure and support were key to the sale, letting his team focus more on client service rather than building those capabilities alone.
The transaction deepens Modern Wealth's push in Florida after earlier buys of Legacy Wealth Management in South Florida and Flaherty Asset Management in Clearwater and the Tampa Bay area.
23 acquisitions since Modern Wealth's 2023 launch have pushed the RIA's assets above $15 billion, extending a roll-up strategy backed by $200 million from Crestview Partners.
Why are legacy financial advisors suddenly rushing to surrender their independent brands to national mega-RIAs in Florida's booming wealth market?
What hidden operational pressures are forcing million-dollar advisory teams to abandon decades-old brokerages for massive independent platforms right now?
Could the aggressive corporate buyout of boutique wealth managers secretly lead to higher fees and less personalized service for elite clients?