The latest senior wealth management executive moves in North America.

Sanctuary Wealth, a network of advisors, has brought another group into its fold: Muirwood Private Wealth, based in California's East Bay.

The team is led by co-founders Christopher Kenny and Edward T Christiansen who have been partners since 2000, first with Wells Fargo's Private Bank and for the last 14 years with Merrill Lynch Wealth Management. It oversees around $500 million in client assets under management.

Muirwood Private Wealth is the fifth California advisory team to join Sanctuary Wealth's partnered independence platform and the third in the state transitioning from Merrill Lynch. It is also the second team to join Sanctuary just this month, following the launch of Wigand Integrated Wealth on June 8. That team is led by another pair of former Merrill Lynch advisors, Reinhold and Samuel Wigand.

Both partners have more than 25 years of professional experience, most of that together. From 2006 until the present, they served as wealth management advisors and senior vice presidents with Merrill Lynch Wealth Management. They originally came together when they formed an advisory team at Well Fargo's Private Bank in 2000. 

As a team they want to be the first call any client makes when they have a question concerning anything financial. With their move to Sanctuary - now unencumbered by corporate distractions - they feel that this will be easier to accomplish.

Adit Ventures
Venture investor and software professional Jon Cholak has joined Adit Ventures, a family-office owned, venture capital investment firm, as portfolio manager. He holds the title of managing director.

Cholak will work with Adit in launching a new early-stage venture platform, running alongside other Adit offerings. He will be based in Austin, Texas.

The company’s statement set out Cholak’s track record: He has deployed more than $90 million in early-stage capital across more than 15 companies. Cholak has had board roles with his portfolio companies and has served as a speaker at industry engagements. 

During his career, Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA.  

Adit Ventures has nine members of its team, looking at secular investment ideas such as artificial Intelligence, cloud computing, cybersecurity, defense, digital healthcare, fintech, and the internet of things (IoT).

Prospera
Prospera Financial Services is affiliating with Dylan Hale of Level Wealth Management. Hale is based in Odessa, Texas, and oversees $86 million of assets. Prospera, a privately held company, is also in Texas and was founded in 1982 as a broker-dealer.

Hale, president and financial advisor, graduated from Texas A&M University with a bachelor of science in rangeland ecology and management. With a very different starting career to what’s typical in financial services, Hale was a member of the Midland, Texas Bomb Squad and Explosive Ordinance Disposal Unit.

Hale runs the business with his wife, Sarah, who is its operations and administrative manager and registered senior administrative assistant. She is a graduate of Texas Tech University and has a bachelor of science in human development and family studies.