Sanctuary Wealth, an Indianapolis-based wealth management firm, has launched Diagonal Investment Office, a Miami-based firm created to serve the needs of ultra-high-net-worth Latin American clients who invest in the U.S.
The firm, led by managing partners Rodolfo “Rudy” Rake and Santiago Rey, starts with $200 million in assets under management.
"With Diagonal, we are taking a U.S. fee-based model of fiduciary wealth management that leads with financial planning and adapting it to our Latin American clients," Rake said in a statement. "For these and more reasons we differ from a typical family office."
Rake, who was ranked the No. 1 college tennis player in the U.S. and later was a professional tennis player, joined Sanctuary Global, a unit of Sanctuary Wealth, in 2021 after 15 years with Morgan Stanley and a predecessor firm. He has specialized in serving Latin American investors.
Santiago Rey, who spent seven years with J.P. Morgan Securities, was most recently a partner with GAMNIC Family Office and founder of Accorde Invesiones Familiares (Accord Family Investments) in Lima, Peru.
Michael Bell explains how the PE push in retirement plans will benefit investors, why warnings around risks may be overplayed, and what it will take to get plan fiduciaries comfortable with private investments.
Research highlights the dominant role of workplace retirement plans and breaks down the major factors dictating workers' IRA rollover decisions.
The wealth tech firm is rolling out its "Do Anything" assistant as leaders and strategists tout the next evolution of artificial intelligence.
Appeals court overturns SEC’s CAT funding plan, broker-dealers face new uncertainty.
TradeStation Securities' communications violated industry rules, including falling short on describing the risks involved in investing in volatile crypto assets.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
