Deals & Moves: Sanctuary Lands Father-Son Merrill Breakaway
Key takeaways
- Sanctuary Wealth, a Miami-based hybrid registered investment advisor with more than $58 billion in client assets, added a father-son breakaway team from Merrill Lynch, based in Paoli, Pa.
- Valen Private Capital and its founder, John Durham, left Merrill after more than 22 years with the wirehouse, where he was a senior vice president.
- “As I evaluated independence, I wanted a partner that would allow me to build Valen Private Capital around my clients—not force my clients into someone else’s model,” Durham said.
Deals & Moves: Sanctuary Lands Father-Son Merrill Breakaway John Durham (left) and Benjamin Durham Alex Ortolani Sat, June 6, 2026 at 12:35 AM GMT+7 4 min read You can find original article here Wealth Management. Subscribe to our free daily Wealth Management newsletters.
Sanctuary Wealth, a Miami-based hybrid registered investment advisor with more than $58 billion in client assets, added a father-son breakaway team from Merrill Lynch, based in Paoli, Pa. It’s the second team from Merrill that Sanctuary, which was founded by former Merrill advisor Jim Dickson, has announced in recent months.
Valen Private Capital and its founder, John Durham, left Merrill after more than 22 years with the wirehouse, where he was a senior vice president. He brings his firm to Sanctuary to manage more than $477 million in assets from a group of ultra-high-net-worth families, according to an announcement.