Key Takeaways
- • Sapient Capital, an Indianapolis-based independent wealth advisory firm, has completed its acquisition of Wealthgate Trust Company LLC, a Nevada-licensed trust company, adding corporate trustee and trust administration capabilities to its family office business.
- • Wealthgate becomes a wholly owned subsidiary of Sapient; financial terms of the transaction were not disclosed.
- • The deal gives Sapient an affiliated corporate trustee for discretionary and directed trust arrangements and an internal successor trustee option for trust assets already under its advisory oversight.
- • Wealthgate, founded in 2019 and headquartered in Las Vegas, serves ultra-high-net-worth individuals and multigenerational families using a planning-led, attorney-advised model.
- • The combination lets Sapient coordinate trust administration with investment management and charitable planning, reducing clients' reliance on third-party corporate trustees.
Summary
Sapient Capital, an independent wealth advisory firm based in Indianapolis, has completed its acquisition of Wealthgate Trust Company LLC, a Nevada-licensed trust company headquartered in Las Vegas. The acquisition makes Wealthgate a wholly owned subsidiary of Sapient. Financial terms were not disclosed.
The transaction adds institutional trustee services to Sapient's existing offerings, which include investment management, estate planning coordination, wealth strategy and family office services. Wealthgate, founded in 2019, provides trustee and trust administration services to ultra-high-net-worth individuals and multigenerational families, operating under a planning-led, attorney-advised model designed for complex trust structures. According to the release, the affiliated corporate trustee can administer trusts for existing and prospective clients, including those requiring discretionary or directed trustee arrangements, and offers an internal successor trustee option for trust assets already under Sapient's investment advisory oversight.
Wealthgate's Nevada charter allows the combined business to offer trust administration under the state's trust laws, which the firm notes provide flexibility for estate planning, asset management and multigenerational wealth transfers. The company said the deal reduces the need for clients to maintain separate relationships with third-party corporate trustees, enabling coordination of trust administration with investment management, charitable planning and other family office services.
James Rooney, CEO of Sapient, said the firm is focused on building capabilities to serve multigenerational families "in a more coordinated and comprehensive way," describing Wealthgate as "a natural extension of that vision" that strengthens its Family Office Solutions offering. Alex Paul, founder and CEO of Wealthgate, said the combination will bring the company's trust administration expertise together with Sapient's broader investment and family office resources. Raymond James & Associates Inc. served as financial advisor to Wealthgate.
Sapient is registered with the U.S. Securities and Exchange Commission as an investment adviser and serves multigenerational families, ultra-high-net-worth individuals, endowments and foundations from offices in Indianapolis, New York, Miami, Chicago and Los Angeles.
The transaction adds institutional trustee services to Sapient's existing offerings, which include investment management, estate planning coordination, wealth strategy and family office services. Wealthgate, founded in 2019, provides trustee and trust administration services to ultra-high-net-worth individuals and multigenerational families, operating under a planning-led, attorney-advised model designed for complex trust structures. According to the release, the affiliated corporate trustee can administer trusts for existing and prospective clients, including those requiring discretionary or directed trustee arrangements, and offers an internal successor trustee option for trust assets already under Sapient's investment advisory oversight.
Wealthgate's Nevada charter allows the combined business to offer trust administration under the state's trust laws, which the firm notes provide flexibility for estate planning, asset management and multigenerational wealth transfers. The company said the deal reduces the need for clients to maintain separate relationships with third-party corporate trustees, enabling coordination of trust administration with investment management, charitable planning and other family office services.
James Rooney, CEO of Sapient, said the firm is focused on building capabilities to serve multigenerational families "in a more coordinated and comprehensive way," describing Wealthgate as "a natural extension of that vision" that strengthens its Family Office Solutions offering. Alex Paul, founder and CEO of Wealthgate, said the combination will bring the company's trust administration expertise together with Sapient's broader investment and family office resources. Raymond James & Associates Inc. served as financial advisor to Wealthgate.
Sapient is registered with the U.S. Securities and Exchange Commission as an investment adviser and serves multigenerational families, ultra-high-net-worth individuals, endowments and foundations from offices in Indianapolis, New York, Miami, Chicago and Los Angeles.
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