Sanctuary Wealth Adds $2.2B Centel Wealth Advisory

Sanctuary Wealth has added New Haven, CT-based Centel Wealth Advisory, which manages $2.2B in individual and institutional assets, as a partner firm in its network, according to a September 13 news release.

Centel is led by founders Stephen Fordyce, Robert Bowman, and Sam DeGennaro, with Fordyce and Bowman serving as managing partners and DeGennaro as managing director in the new venture. The trio previously operated as the Sound Advisory Group, affiliating with Snowden Lane.

Centel touts itself as a multigenerational practice focusing on wealth advisory services and institutional plan management. With the addition of Centel, Sanctuary Wealth said its network includes over 120 partner firms across 30 US states, with approximately $44B in assets on its platform.

View the press release here.