Ascentis Wealth Management, a part of Ascentis Holdings, announced that it is welcoming Ascentis Family Wealth, a newly launched Dallas-based wealth advisory practice led by Kevin Gray.
Previously, Gray founded Veracity Capital and served as Chief Executive Officer. Once all assets have been transferred, Ascentis Family Wealth will oversee approximately $250 million in assets under management. The firm is a member of Advisory Services Network, which will provide operations solutions and compliance support.
Ascentis Family Wealth specializes in serving high-net-worth and ultra-high-net-worth investors and their families, entrepreneurs, business owners, successful wealth creators and athletes. Other members of the team include Niko Puritz, Wealth Advisor, and Lisa Monello, Client Relationship Specialist.
The announcement follows the formal launch last month of Ascentis Holdings, a unified wealth management and asset management platform comprised of three businesses under one company: Ascentis Wealth Management, Ascentis Asset Management and Ascentis Independent Advisors.
Michael Mansur and Clint Sorenson founded and oversee Ascentis Holdings and serve as CEOs of AWM and AAM, respectively. John Nahas leads AIA and is a founding partner in the broader Ascentis platform.
As part of the transaction, Gray will take an equity stake in Ascentis Wealth Management. The partnership was structured to support continuity for clients and a shared commitment among owners.
Before launching Veracity Capital, Gray spent more than 12 years at Ayco Private Wealth Management of Goldman Sachs & Co., rising to Vice President. He is a Certified Exit Planning Advisor.
Thomas C. Prescott Jr., a co-founder and Managing Member of Advisory Services Network, also commented on the partnership.
Ascentis Wealth Holdings, LLC is a holding company that owns or controls multiple Registered Investment Adviser firms. Advisory services may be provided by Ascentis Wealth Management, Ascentis Asset Management and/or Ascentis Independent Advisors, each registered with the U.S. Securities and Exchange Commission and operating as separate legal entities responsible for their own advisory services, disclosures and regulatory compliance.
Together, the three firms form a wealth management platform offering fee-based advisors flexible affiliation options, practice management resources and structured investment processes supported by shared technology and service infrastructure. Ascentis supports advisors serving affluent individuals, families and business owners, with investment capabilities spanning traditional and alternative strategies.
KEY QUOTES
“We’re delighted to welcome Kevin and his team to the Ascentis platform. Kevin has spent two decades earning trust through clear advice and strong service, and he has built a practice that puts clients first. This partnership gives him more support behind the scenes so he can keep running the business his way while delivering a consistent experience for the families he serves. It also creates more room for Kevin and his team to grow, both personally and financially, without losing what makes their work distinctive.”
Michael Mansur, CFP, Co-Founder Of Ascentis Holdings And CEO Of Ascentis Wealth Management
“Ascentis Wealth Management’s expanded resources and ambition are a huge reason why I’m partnering with the firm. I look forward to leveraging deeper investment expertise and stronger support across technology, marketing and operations, plus the asset management capabilities behind the platform. Just as important, the core values that guide Ascentis Holdings align with how I want to serve my clients. I have known Clint and Michael for a long time and bringing our aspirations together in a formal way is the best next step for my clients. Ascentis Family Wealth is about combining a greater force of resources with shared standards and a powerful foundation for the client experience.”
Kevin Gray, Founder Of Ascentis Family Wealth
“We’re delighted for Kevin and the team at Ascentis Family Wealth as they take this exciting next step. We’re proud to be an enabling force behind the relationship by providing the custody and compliance infrastructure that supports independent advisors. Our role is simple: reduce operational friction so Kevin and his team can stay focused on advice, client service and delivering a consistent experience.”
Thomas C. Prescott, Jr., Co-Founder And Managing Member Of Advisory Services Network
