Prior to Wealthcare Capital Management, Chesney was associated with SunTrust Investment Services, where he was senior vice president and central division manager.

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Prior to joining SunTrust, he was a private wealth advisor with Merrill Lynch where he worked for more than 22 years.

In his new role, Chesney will be responsible for recruiting and mentoring both new and existing advisors, as well as the practice management consulting team that supports advisors in their transition to the patented Wealthcare process, according to Wealthcare.

Wealthcare Capital president and CEO David Loeper said as their organization is currently set for rapid growth, this is the perfect time to bring Perry on board.

"With his impressive track record as a leader and communicator, we expect to benefit from his experience and insight as he helps take us to the next level," added Loeper.