Sanctuary Wealth added 1280 Financial Partners to its growing network of partner firms. The former UBS-affiliated wirehouse said it is tapping into Sanctuary’s strategic capital partnership program as they launch their new independent firm, which currently manages approximately $2 billion in total client assets.
According to 1280 Financial, it provides tailored advice and solutions through a value proposition focusing on service, performance, and a unique investment philosophy that builds portfolios for wealthy clients from the ground up. Private clients include high-net-worth and ultra-high-net-worth individuals, families, athletes, entertainers, entrepreneurs and corporate executives.
“As a fast-growing, multi-generational team with complex platform needs and a passion for delivering a superior client experience, my partners and I were extremely thorough and deliberate when making the decision to launch our own firm,” said Tom Burt, managing partner and senior portfolio manager of 1280 Financial. “Each of our advisers had a broad set of opportunities in front of them and their own personal criteria to make this move together. Finding a partner who could satisfy our collective requirements was not easy. We explored the gamut and kept returning to Sanctuary.”
1280 Financials’ team, which came together in 2021, is based in Fort Myers, Fla.; Sandusky, Ohio; Augusta, S.C.; and Miami. They include:
- Tom Burt, managing partner, senior portfolio manager;
- Duane Ohly, managing partner, senior portfolio manager;
- Charlie Todd, managing partner, senior portfolio manager;
- John McGee, managing partner, senior portfolio manager;
- Brett Kinzel, senior vice president, senior portfolio manager;
- John Petracco, senior vice president, senior portfolio manager;
- Carol Powell, senior vice president, senior portfolio manager; and
- Richard Allen Flippo, vice president, wealth advisor.
Support staff include registered wealth associates Jennifer Woods, Rebecca Elder, Becky Pyburn, and Melanie Woods.
“1280 Financial conducted deep due diligence over several years before selecting Sanctuary as their strategic partner,” said Vince Fertitta, president of Sanctuary Wealth. “They wanted a proven and vested partner with deep experience in transitioning top-performing wirehouse teams to independence. They required the most cutting-edge technology available and a partner with both the will and the wherewithal to address complex client opportunities. … We’re honored to have 1280 Financials’ trust and confidence as they unlock the asset that they’ve built over their storied careers.”
The Sanctuary Wealth network currently includes more than 120 partner firms in 30 states nationwide, with approximately $50 billion in assets on platform. Sanctuary Wealth consists of the wholly owned subsidiaries: registered investment adviser Sanctuary Advisors LLC and broker-dealer Sanctuary Securities Inc., as well as Sanctuary Alternative Holdings, Sanctuary Asset Management, Sanctuary Insurance Solutions, Sanctuary Global, Sanctuary Global Family Office, and tru.
“Having solved for the needs of over 120 teams transitioning to independence, Sanctuary has built the most expansive platform in the industry without giving up our exclusive and dynamic culture,” added Fertitta.
Former UBS -affiliated advisers are not new to Sanctuary Wealth. In February 2025, the firm added NewSpring Wealth Partners to its network. Founded by wealth adviser Kristin Larson, the Minneapolis-based firm had been with UBS for nine years and managed nearly $200 million in total client assets at the time of transition. Also, in April 2024, Sanctuary Wealth appointed former Wells Fargo and UBS executive Michael Goldfader as its west coast regional managing director.
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