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

Sanctuary Wealth
Sanctuary Wealth has welcomed Velorum Wealth Management, an Indianapolis, Indiana practice with $580 million in client assets. 

Founder and managing partner Bernard Reed leads the firm. Formerly with Bank of Montreal (BMO) Private Wealth, Reed decided to start his own firm by moving his practice to Sanctuary’s partnered independence model, forming Velorum Wealth Management to expand his offerings and services to high net worth clients.

Velorum works primarily with individual and family business owners who control companies valued between $10 million and $100 million. For entrepreneurs in the process of selling their businesses, Velorum offers full financial planning services, with a focus on tax mitigation and estate considerations. 

Before forming Velorum, Reed was a private wealth advisor and director at Bank of Montreal (BMO) Wealth Management. Prior to his time at BMO, he was vice president, private wealth advisor at Key Corporate & Commercial Bank and VP, private wealth advisor at Regions Bank.

Raymond James
Raymond James has welcomed financial advisor Paul Hess to the firm’s employee advisor channel.

Hess works alongside advisors at Silverman Partners of Raymond James, based in Boca Raton, Florida. He is joined at the firm by client service associate Donna Kroyman. Hess was previously affiliated with Merrill Lynch where he managed about $100 million in client assets.

Carnegie Investment Counsel
Carnegie Investment Counsel, an RIA with $6.5 billion in assets under management, has named Skye Barry as senior vice president and wealth advisor, based in the firm’s Cincinnati office, delivering integrated wealth management strategies to clients around the country to support their long-term financial goals.

Before joining Carnegie, Barry led investment strategy at Constellation Wealth Advisors, according to her Linkedin profile.

Barry is CFA charterholder and a CFP® professional. Originally from Cape Town, South Africa, Barry earned her bachelor of business science in finance from the University of Cape Town.