M and A
Deals Of The Day: The Latest In Wealth Management M&A – Sanctuary Wealth, AZ Apice
The latest mergers, acquisitions and corporate actions in and around the North American wealth management industry.
Sanctuary
Sanctuary
Wealth has added advisor AZ Apice Capital Management to its
network of partner firms on the Sanctuary Global platform.
Based in Sanctuary's Miami headquarters, the four-person team which is led by managing partners Walter Alves and Bruno Gorgatti, advises on more than $400 million in client assets under management, primarily for clients domiciled in Brazil. The team was formerly affiliated with Insigneo.
"AZ Apice was already successful as an independent firm before joining Sanctuary, which shows that Sanctuary Global is filling a need in the marketplace and providing resources and services that haven't otherwise been available to these firms,” Jim Dickson, CEO and founder of Sanctuary Wealth, said.
Bruno Gorgatti and Walter Alves both earned MBAs from Thunderbird School of Global Management at Arizona State University and have been business partners focusing on the Brazilian market for more than 20 years. They are fluent in English, Portuguese, and Spanish. They first joined forces at Lehman Brothers, then worked as a team within Morgan Stanley's Private Wealth Management Division, where they were executive directors, before declaring their independence and launching AZ Apice in 2016.
Joining Gorgatti and Alves at AZ Apice will be Daniella Martins, sales supervisor, compliance associate – an AZ Apice team member since 2020 – and Pietra Coquieri, sales associate, who joined the team this year.
