Timothy Smeal

About Timothy Smeal

A seasoned Financial Services Industry Operations Executive with over 20 years of experience in leading and transforming bank and broker-dealer operations, compliance, risk management, and reporting functions. Currently, the Director of Operations at Sanctuary Wealth, an independent wealth management firm with over $42 billion in assets under management.Skilled in developing and executing policies and strategies that align with regulatory requirements, industry best practices, and business goals. Experienced in working with federal and government agencies, such as OCC, FCC, FINRA, and SEC. Expert at managing complex projects and processes that involve cross-functional teams and stakeholders. Recognized for delivering productivity, efficiency, and customer satisfaction improvements, as well as mitigating reputational and financial risks. A strong leader and builder of talent who fosters an entrepreneurial and innovative culture.

Experience

1. Director of Operations

   Sanctuary Wealth

   Aug 2021 — Present

   Lead multiple operations teams responsible for transitioning and integration of new break-away and M&A business for the broker-dealer/RIA. In addition, responsible for managing a team of licensed principals who function as the delegated supervisors for the firm. Created the Principal Review Desk, a team responsible for the supervisory functions for the firm. Duties include but are not limited to new account review, pre and post trade product review, Option trading oversight and client risk assessment. One of the key architects to the redesign and setup of the Sanctuary Operations Department. Developed and enhanced the Advisor transitioning process to onboard new advisors and their clients when making the move to partnered independence. Responsible for increasing satisfaction scores by 40% while digitizing and streamlining the process. Currently a member of the firms Alternative Investment Product Due Diligence committee. Managing key initiatives including implementing a more robust advisor/client transitioning tool, creating a more robust Supervision program, as well enhancing firm and departmental policies and procedures.