Sanctuary Wealth has announced a significant expansion and enhancement of its multi-custodial wealth management platform by integrating BNY Pershing's Wove platform. This collaboration will provide all Sanctuary partner firms with access to the upgraded Sanctuary One platform, designed to offer a unified view of an investor's complete financial picture.
The Wove platform incorporates BNY Pershing's interoperable suite of products, including Wove Investor, Wove Data, and Wove Advisory, through a single source. This integration aims to streamline advisors' workflows, allowing them to view assets holistically regardless of where they are held, and to focus more time on personalized client engagement.
Bob Walter, President of Sanctuary Wealth, emphasized the critical role of the right technology partner for Sanctuary's growth. Ainslie Simmonds, Head of Global Strategy, BNY Pershing, noted that Wove empowers advisors with next-generation solutions to meet evolving client needs, enhancing offerings and driving business growth for BNY Mellon's wealth services.
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