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Sanctuary Wealth Poaches Carson Counsel, Reprises CCO

Former Carson Wealth lawyer Kevin Miller is joining Sanctuary, while a former CCO returns to his post at the firm after a leave of absence.

Sanctuary Wealth has announced Kevin Miller will assume the role of chief legal officer at the $25 billion AUM, Indianapolis-based RIA aggregator. Miller was most recently with Carson Wealth, where he spent almost three years as general counsel and corporate secretary for the $20 billion AUM firm.

At the same time, Sanctuary announced the return of Kevin Chase to the position of chief compliance officer. Chase spent the past six months as Sanctuary's regulatory and risk director following nearly three years as the CCO and a brief sabbatical.

Miller will report to Sanctuary CEO Adam Malamed and join the firm's executive leadership team. Chase will return to Sanctuary's senior leadership team.

The announcement follows David Vaughan’s appointment to the role of chief financial officer. 

"The continued enhancement of our leadership team reflects Sanctuary's commitment to continuously invest in top senior talent to deliver an elevated service experience and provide business growth solutions for our partner firms and their clients, while accelerating our growth strategy," Malamed said in a statement.

The changes come weeks after founder and CEO Jim Dickson suddenly departed the firm in early February.

Miller has been in the wealth management industry for 30 years, including more than two decades with Securities America. He joins Sanctuary from Carson, where he counseled the executive leadership team and board of directors on corporate strategy and oversaw legal and compliance teams and advised on growth initiatives. 

"There is an outsized opportunity for Sanctuary's growth to further surge, given the rising demand among the most sophisticated and successful wealth managers for a platform that delivers on their strategic needs,” Miller said in a statement, calling Sanctuary “one of the most exciting growth stories in the wealth management space.”

Prior to joining Sanctuary in early 2019, Chase spent almost 26 years at Merrill Lynch, where he was divisional manager before his departure. At Sanctuary, he held the title of CCO until June 2021, when he took a leave of absence to spend more time with his family while also consulting for Sanctuary and Bates Group, a financial services compliance consulting group, according to a spokesperson. He returned to Sanctuary in November 2022 and held the role of regulatory and risk director for six months before stepping back into the CCO position.

“We fully support Mr. Chase's decision to prioritize his family, and we remain committed to upholding the highest standards of compliance and ethics,” the spokesperson said. “We are confident that Mr. Chase's expertise and contributions will continue to enhance our efforts.

"I believe an important part of the firm's success is our ingrained compliance culture that puts the needs of clients above all else,” said Chase. “I'm proud of the role I've played in building that culture and am honored by the confidence Adam and his team have shown by inviting me to lead the firm's compliance program once again."

Miles Edwards, who joined Sanctuary as chief legal and compliance officer in the fall of 2021, no longer appears on the company website but is still registered at the firm with the SEC. According to his SEC registration, Edwards moves to a new firm every 1-3 years. 

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