Team managing $100 million at Morgan Stanley leaves to form hybrid

Team managing $100 million at Morgan Stanley leaves to form hybrid
PrairieFire Wealth Planning uses B-D, RIA platforms of Sanctuary Wealth.
AUG 26, 2019
A Morgan Stanley team led by Matt Meline, who managed $100 million in Des Moines, Iowa, has formed a hybrid firm, PrairieFire Wealth Planning, and affiliated with the broker-dealer and registered investment adviser platforms of Sanctuary Wealth. [More:​ See more adviser moves in InvestmentNews' Advisers on the Move database.] Sanctuary Wealth, which has $8 billion in assets under management and is headquartered in Indianapolis, specializes in serving breakaway advisers from large firms. Mr. Meline began his career in in 1999 at PFIC Securities. He moved to Wells Fargo Investments in 2001 and, after a short stint at Citigroup, joined Morgan Stanley in 2009. [Recommended video: How to help clients make it through retirement]

Latest News

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.