Sanctuary Wealth to acquire tru Independence.

Sanctuary Wealth, an asset and wealth management firm, agreed to acquire tru Independence, a financial services provider. Financial terms were not disclosed. "Sanctuary and tru have built their businesses on partnered independence, where being independent does not mean going it alone. tru is a pioneer in independent wealth management and an innovator in supporting elite advisors who wish to own their own RIAs. With a well-earned reputation for authenticity and transparency, tru's core values align with Sanctuary's. Together, the firms have an unprecedented opportunity to collectively redefine what it means to be a full-service, multi-channel independent wealth management enterprise that specializes in supporting only the most successful financial advisors with sophisticated businesses and accomplished clients," Adam Malamed, Sanctuary Wealth CEO.