Merrill team with $530 million goes indie with Sanctuary

The Longo Group, which managed $530 million at Merrill Lynch in Slidell, Louisiana, has gone independent and affiliated with Sanctuary Wealth.

The eight-member team is led by Ted Longo, who had been with Merrill Lynch since 1986.

The hybrid firm will use Sanctuary as its broker-dealer and registered investment adviser.

[More: Broker recruiting moves plunge amid pandemic]

The post Merrill team with $530 million goes indie with Sanctuary appeared first on InvestmentNews.

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