A two-advisor team managing $400 million in Miami has switched its broker-dealer affiliation and registered investment advisory platform to Sanctuary Wealth from Insigneo.
The team, known as AZ Apice Capital Management, is headed by Walter Alves and Bruno Gorgatti, who formed their firm in 2016 after leaving Morgan Stanley.
Most of their clients are Brazilians, Sanctuary Wealth said in a release.
The team is based in Sanctuary’s Miami office.
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A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
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