Sanctuary Wealth has added AZ Apice Capital Management to its network.

AZ Apice is a four-person team led by managing partners Walter Alves and Bruno Gorgatti and has more than $400 million in assets primarily with clients in Brazil, according to Sanctuary. The team was formerly affiliated with Insigneo and is based in Sanctuary’s Miami office, Sanctuary says.

“They are outstanding advisors with a strong international clientele, and we look forward to helping grow both their client base and the assets they manage,” Sanctuary president Robert Walter said in a statement.

Alves has been in the industry since 1996, having first registered with New England Funds, and also worked at Lehman Brothers, Morgan Stanley and Northeast Securities before launching AZ Apice in 2016, according to his BrokerCheck record. AZ Apice became affiliated with Insigneo in 2017.

Gorgatti has been in the industry since 2000, having first registered with Lehman Brothers, and also worked at Morgan Stanley and Northeast Securities before launching AZ Apice with Alves, according to his BrokerCheck record.

Alves and Gorgatti have been business partners focusing on the Brazilian market for more than 20 years, and are fluent in English, Portuguese and Spanish, according to Sanctuary.

The team also includes sales supervisor and compliance associate Daniella Martins and sales associate Pietra Coquieri, Sanctuary says.

AZ Apice has “been following Sanctuary’s success for the past few years” and was “thrilled when they extended their offering to internationally focused teams," Alves said in a statement, adding that international advisors’ choices for independence “had been extremely limited prior to Sanctuary.”

“After conducting thorough due diligence, we knew that we wanted to be part of the Sanctuary network. Sanctuary provides a wide range of solutions for our clients, efficiencies that will enhance our business, and a culture of excellence,” Alves said in the statement.

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