Sanctuary Wealth welcomes Fuentes Hondermann Wealth Management, the latest internationally-focused team to join the partnered independence network.
Based in Sanctuary’s Miami office, the three-person team with $250 million in client assets under management was previously affiliated with Morgan Stanley Wealth Management and consists of Managing Director, Senior Wealth Advisor Luis Fuentes, Executive Director, Senior Wealth Advisor Rosario Hondermann, and Executive Director, Senior Wealth Advisor Chris Fuentes.
“We created Sanctuary Global specifically as a platform for teams who provide wealth management services to a mix of high-net-worth domestic and international clients. Wealth is a global phenomenon, and Sanctuary is committed to serving every aspect of the wealth management universe”, said Jim Dickson, CEO, and Founder of Sanctuary Wealth.
The principals at Fuentes Hondermann Wealth Management estimate their business as being about 30% from US clients and 70% international with a concentration in the Argentina/Uruguay region as well as Mexico.
The three partners have been together as a team for more than 25 years, first with Merrill Lynch and then, starting in 2012, with Morgan Stanley Wealth Management before deciding that independence offered the most benefits to their clients.
“When we decided to declare our independence, we looked around the industry at large platforms and boutique firms, but none of them aligned with our needs the way Sanctuary Wealth does,” explained Luis Fuentes, Managing Director, Senior Wealth Advisor at Fuentes Hondermann Wealth Management.
Fuentes add: “Sanctuary gives us the freedom and flexibility to run our business in a way that provides the maximum benefit to our clients, backed with the support and resources of a much larger organization. While we are the owners of our business, we are also part of a global company that understands our clients’ unique situation.”
Luis Fuentes, the senior member of the team, was born in Havana, and spent 41 years of his career with Merrill Lynch as an international financial advisor, leading and mentoring various teams during his tenure and serving wealthy families and institutions in the United States, Latin America, and Europe.
He is a graduate of the University of Miami with a degree in Business Administration and majors in Finance, Economics, and Marketing. He has also completed studies in Portfolio Modern Theory & Risk and Wealth Planning at the Wharton School of Business, University of Pennsylvania.
A wealth manager for more than 20 years, Rosario Hondermann holds degrees in both law and political science from Universidad Nacional Mayor de San Marcos in Lima, Peru. Although born in Lima, she has lived in Miami, Florida with her family for more than 30 years and provides financial solutions and advice to high-net-worth clients and institutions in Latin America, Europe, and the United States.
With more than 25 years of experience as an international financial advisor, Chris Fuentes started his career in 1998 after graduating from the University of Miami, School of Business Administration. Chris specializes in the creation and implementation of global portfolio strategies and asset allocation and like his partners is fluent in Spanish and English.
For Marcelo Soba