Business
Sanctuary Wealth Welcomes $580 Million Indianapolis-Based Private Wealth Advisor from Bank of Montreal (BMO) Wealth Management
Sanctuary Wealth (Sanctuary), providing elite financial advisors the freedom, flexibility, control and choice to thrive in an evolving industry, welcomes Velorum Wealth Management (Velorum), 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 and forming Velorum Wealth
About this update from Wealth Management Inc
[{"type":"text","content":"Bernard Reed Leaves Bank Channel for Independence, Launches Velorum Wealth Management ","length":85,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, July 9, 2025 /PRNewswire/ -- Sanctuary Wealth (Sanctuary), providing elite financial advisors the freedom, flexibility, control and choice to thrive in an evolving industry, welcomes Velorum Wealth Management (Velorum), 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 and forming Velorum Wealth Management to expand his offerings and services to high-net-worth clients.","length":620,"tagName":"p"},{"type":"text","content":""After spending most of his career building and servicing his client base in the bank channel, Bernard knew he needed to become independent to meet his clients' needs and to take his business to the next level," said Vince Fertitta, President, Wealth Management, Sanctuary Wealth. "Conducting due diligence with several firms before selecting Sanctuary, Bernard appreciated that we would provide him the platform, the people and the partnership he needed to launch confidently, along with the independence and control he craves. Bernard is also eager to leverage our relationships with some of the industry's top trust departments, business owner consultants and family office services providers to support the sophisticated needs of his high-net-worth clients. Whatever solution he is looking for, he knows he can count on Sanctuary."","length":863,"tagName":"p"},{"type":"text","content":"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, to ensure the creation of lasting legacies and multi-generational wealth. The firm develops deep relationships with its select group of clients and provides them with personalized, flexible and actionable financial strategies tailored to their needs. ","length":554,"tagName":"p"},{"type":"text","content":""Comin...