No commissions, no ads, no advice. This Sanctuary Wealth profile draws only on public records, each linked so you can confirm it yourself.

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The short answer: is Sanctuary Wealth a fiduciary?

Yes. Sanctuary Wealth is a fiduciary when it acts as your investment adviser, and it reports $34.9 billion in client assets. Publicly, it files with the SEC as Sanctuary Advisors (CRD #226606). According to its latest Form ADV (filed September 14, 2026), the firm reported $34.9 billion in regulatory assets under management (a firm-reported figure). Every line here traces to a public filing you can pull yourself in a few minutes.

Its Form ADV also reports that a related person is a broker-dealer (Item 7.A), and brokerage accounts fall under Regulation Best Interest instead. Ask which capacity covers each of your accounts. The firm must tell you. Get started with Truthifi

What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)

Sanctuary Wealth at a glance

✅ Verified from public filings, last checked October 5, 2026. Sanctuary Wealth (SEC CRD #226606) is a fiduciary when acting as your adviser, on an advisory-fee basis, with $34.9 billion in regulatory assets under management. Every figure below links to its primary source.

What	Sanctuary Wealth	Source
SEC CRD	#226606	IAPD
Registration	Investment adviser, with a related person that is a broker-dealer (Form ADV Item 7.A)	IAPD
Registered since	July 10, 2015 (SEC)	IAPD
Fiduciary?	Yes, when acting as your adviser	SEC adviser standard
Fee model	Advisory fees (no commissions reported in Item 5.E)	Form ADV Item 5.E
How it's paid	A percentage of assets under management, hourly charges, fixed fees, and performance-based fees	Form ADV Item 5.E
Regulatory Assets Under Management	$34.9 billion (Form ADV filed September 14, 2026)	IAPD
Client accounts	62,617 (61,677 discretionary)	IAPD
Employees	770 (396 in advisory roles)	IAPD
Ownership	Parent-owned	Form ADV Schedule A
Disclosures	Form ADV answers Yes to one or more disciplinary questions. Read them on IAPD	IAPD
HQ	Miami, FL	IAPD

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Sanctuary Wealth fees: what you'll pay

Sanctuary Wealth charges advisory fees: according to its Form ADV (Item 5.E), it reports no commissions for its advisory services and is paid through a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Its filing also reports broker-dealer, insurance or other sales activity by the firm or a related company, business that can be paid by commissions. Ask how each part of the relationship is paid. The details are in its Form ADV Part 2A, and the two-page Form CRS summarizes them.

Which of those four methods weighs most depends on your account. Performance-based fees are the one we'd raise by name, though, because they tie the adviser's pay to returns rather than to a flat rate or balance. Ask which of your accounts, if any, carry them.

Advisory fees are what clients pay the adviser directly. Commissions earned through a related broker-dealer or insurance business are a separate source of pay. For how other fee structures compare, see Fee-only financial advisor: costs and how to find one and Are you paying too much? Why that might be the wrong question.

Who owns Sanctuary Wealth, and what conflicts does it disclose?

Sanctuary Wealth is owned by Sanctuary Wealth Group LLC, as listed in Schedule A of its Form ADV. (Form ADV Schedule A)

Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid.

Sanctuary Wealth SEC record: disclosures

Sanctuary Wealth's Form ADV answers Yes to one or more disciplinary-history questions. A disclosure can be a regulatory, civil or criminal matter involving the firm or a related person. Read each item in context on IAPD, not secondhand, before drawing conclusions.

On the record, the firm has been registered with the SEC since July 10, 2015. Its IAPD page lists notice filings in 53 jurisdictions, meaning the states and territories where it has notified local regulators that it does business. It reports 770 employees, 396 of them (about 51%) in investment advisory roles. If you're asking "is Sanctuary Wealth legit?", start with registration: a public CRD and filings anyone can pull. An SEC registration dating to 2015 and notice filings in 53 jurisdictions settle the identity question; the fee and conflict sections above cover the rest.

Our take: for Sanctuary Wealth, we'd put the account map ahead of the fee rate. Three facts sit together in its filing: a related broker-dealer, custody of client assets, and discretion over 61,677 of its 62,617 accounts. That combination means the same relationship can trade for you, hold your assets and, through the affiliate, sell you products. Our recommendation: before you compare fees, get a written list of which of your accounts are advisory, which are brokerage, and who holds the assets in each.

Reading Sanctuary Wealth reviews against the public record

Star ratings and client comments describe how a relationship felt. They rarely show what Sanctuary Wealth reports to the SEC. Three points from this profile are worth holding next to any review. Pay: advisory fees with no commissions reported in Item 5.E, alongside broker-dealer or insurance activity that can earn commissions. Control: Sanctuary Wealth Group LLC owns the firm, and Part 2A lists its conflicts. History: the Form ADV answers Yes to at least one disciplinary question, so a glowing review and a disclosure can both be true. Other firms checked the same way are on the Truthifi /advisors hub.

How to verify Sanctuary Wealth yourself

Three checks, all on public SEC pages:

1. Check the SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/226606.
2. Read the filings (Form ADV / Form CRS): linked from the IAPD page (the firm's Form CRS is the short plain-English version).
3. Confirm the entity: match Sanctuary Wealth (CRD #226606, legal name SANCTUARY ADVISORS, LLC) so you're reading the right firm.

What Sanctuary Wealth does and who it serves

On its Form ADV, Sanctuary Wealth reports providing financial planning, portfolio management for individuals, small businesses and institutions, pension consulting, selection of other advisers, and educational seminars.

It reports providing financial planning to 101 to 250 clients in its last fiscal year (Form ADV Item 5.H), a count the form keeps separate from the client totals below.

Its Form ADV (Item 5.D) breaks its clients down by type, about 19,540 clients in all (people and entities, not accounts):

Client type	Clients	Assets managed
Individuals	14,600	$7.89 billion
High-net-worth individuals	4,425	$22.90 billion
Pension and profit-sharing plans	85	$2.20 billion
Charities	65	$334.4 million
Corporations or other businesses	365	$1.56 billion

By our arithmetic from that table, the 4,425 high-net-worth clients (about 23% of clients) hold $22.90 billion, about 66% of the assets in the table. That's roughly $5.2 million per high-net-worth client, against about $540,000 per individual client. Put plainly, just under a quarter of Sanctuary Wealth's clients account for about two-thirds of what it manages. If you're weighing other service models for a smaller balance, see Robo-advisor vs. human financial advisor: which is better?

It reports 62,617 client accounts (Item 5.F). That figure counts accounts, not people, so it runs higher than the roughly 19,540 clients above, since many clients hold more than one account. Of those accounts, 61,677 (98.5%) are discretionary, meaning the firm can trade without seeking your approval first, and 940 are non-discretionary. Its main office is in Miami, FL.

It reports that it or a related person has custody of certain client assets, which brings extra safeguards such as surprise examinations. The specifics are in its Form ADV.

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Vetting the firm is quick. Seeing your whole financial picture is the part that pays off.

Confirming Sanctuary Wealth is registered takes a few minutes. Following what happens inside the accounts is harder. With a related broker-dealer and custody in the picture, advisory and brokerage holdings can show up on different statements, and a 401(k) or a spouse's accounts held elsewhere usually appear on neither. Putting those statements on one screen is the job Truthifi does.

How Truthifi can help

Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits, including single-stock exposure, returns next to a benchmark, a fee breakdown of the fees on each account, by type, and your Truthifi Score. You can share the accounts you choose with your advisor at Sanctuary Wealth. See how Truthifi keeps your accounts secure

Paid plans also support AI assistants with MCP sign-in, such as Claude, and Truthifi Connect is the lighter membership for that use alone. Fee questions need Monitoring or Monitoring Plus+; see How to ask AI about your real investment accounts.

Ask AI about your Sanctuary Wealth accounts

Once your accounts are connected read-only, you can ask in plain English:

• "What do I own across my Sanctuary Wealth accounts and everything else, and how is it allocated?"
• "Which of my accounts are advisory and which are brokerage, and what am I paying in fees on each?"

Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).

No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free. Link up to 10 connections (per Truthifi platform data on the pricing page). Plans and limits are on the pricing page → truthifi.com.

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FAQ

Is Sanctuary Wealth a fiduciary? Yes, when acting as your adviser. Its Form ADV reports a related person that is a broker-dealer, and brokerage accounts fall under Regulation Best Interest instead. Ask which capacity covers each of your accounts.

Is Sanctuary Wealth fee-only? Not necessarily. Its Form ADV (Item 5.E) reports no commissions for advisory services, but the filing also reports broker-dealer, insurance or other sales activity by the firm or a related company, which can be paid differently. Ask how everyone you deal with is paid. The details are in its Form ADV Part 2A.

Who owns Sanctuary Wealth? Sanctuary Wealth is owned by Sanctuary Wealth Group LLC, as listed in Schedule A of its Form ADV.

Does Sanctuary Wealth have complaints or disclosures? Yes. Its Form ADV answers Yes to one or more disciplinary-history questions. Read each item on IAPD, in context. A disclosure is not by itself proof of current wrongdoing.

Is Sanctuary Wealth legit? Sanctuary Wealth is registered with the SEC (CRD #226606) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.

Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

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About this profile

Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.

Read next from the Truthifi blog

• What is a fiduciary?
• Fee-only financial advisor: costs and how to find one
• Are you paying too much? Why that might be the wrong question
• How to ask AI about your real investment accounts
• Robo-advisor vs. human financial advisor: which is better?
• All advisor fact packs on Truthifi

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A note on sources. The facts on this page come from publicly available documents, Sanctuary Wealth's SEC filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with Sanctuary Wealth. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.

What no filing can tell you. Sanctuary Wealth's Form ADV reports the $34.9 billion it manages for about 19,540 clients, not what your own accounts returned after its fees. That number lives only in your statements, and it's the one figure no public profile can work out for you.