The latest moves, appointments and personnel changes in the North American wealth management sector.

Commonwealth Financial Network
Commonwealth Financial Network, a US wealth manager, has added new members to the Jacksonville, Florida-based Aegis Consulting that joined its network of affiliated advisors in 2023. The latest additions are Mark O’Sickey and Paul Solorzano.

Aegis oversees almost $2 billion and has 17 members of its team of advisors.

Like most of the Aegis team, O’Sickey and Solorzano were formerly affiliated with Osaic and its predecessor, Lincoln Financial Advisors, for a combined 31 years. O’Sickey is based in Cleveland, Ohio, and Solorzano is based in San Francisco, California. Together, they brought nearly $600 million in client assets to Aegis.

Aegis Consulting serves more than 1,300 families from its offices in Jacksonville, Orlando, Tampa, and Boynton Beach, Florida; Reston, Virginia; Cleveland, Ohio; San Diego and San Francisco, California.

Raymond James
Raymond James has brought in financial advisor Matt Bennett to its employee advisor channel in Wilmington, North Carolina.

Bennett was previously at Morgan Stanley, where he managed approximately $120 million in client assets. He and senior registered client service associate Danielle Rich operate as Matt Bennett of Raymond James. They are joinnig RJA's Wilmington branch, led by branch manager David Thomas.

With over 25 years of experience in the financial services industry, Bennett began his career at Liberty Funds in 1998 and has worked at firms such as Merrill Lynch and Smith Barney. Most recently, he served at Morgan Stanley for over 15 years. 

Yayati
Yayati, the wealthtech and investment management provider that is planning a fundraising round for the business, has appointed Jerry Chafkin as chief investment officer. Chafkin is former CIO of AssetMark.

Yayati focuses on the options market and use of options in wealth portfolios. The firm was founded in 2023 and is seeking a lead investor for its upcoming funding round.