5150 Belfort Rd., Ste. 702 — Sanchez Wealth Operating Location
A Jacksonville wealth management firm founded by a longtime Southside advisor has been absorbed into a fast-growing national platform, part of a wave of buyouts reshaping how Americans get financial advice. Sanchez Wealth Management Group, which oversees nearly $710 million in client assets according to a release, was acquired by Modern Wealth Management on September 10, 2026, marking the California-based firm’s third Florida deal in five months.
Modern Wealth Management, based in Monterey, California, was co-founded in 2023 by former United Capital executives Gary Roth, Mike Capelle, and Jason Gordo with $200 million in private equity funding from Crestview Partners, according to WealthManagement. The Sanchez purchase marks the firm’s 23rd total transaction, pushing its assets under management past $15 billion across 20 offices nationwide. The deal also exemplifies the company’s rapid national roll-up strategy.
A Family Practice Stays Put on Belfort Road
Founder Christen “Chris” Sanchez founded Sanchez Wealth in 2000, according to AdvisorHub’s reporting. All six members of his team made the move to Modern Wealth, including wealth advisors Dawn Nicoles, his sister, and Josh Mandelkorn; client service associates Alexandria Sanchez, his daughter, and Lindsey Hall; and Director of Operations Jennifer Koeller, per the same account…