Sanctuary Wealth Services, a San Francisco-based platform provider and services support firm for wealth managers, has snagged a Morgan Stanley breakaway team specializing in proprietary asset management.

Five former Morgan Stanley advisors, led by founder Don Garman, last week formed Mirador Capital Partners in Pleasanton, Calif., with around $200 million in assets under management. Garman launched the firm’s flagship fund, Garman Global Growth & Income portfolio, in 1980. Sanctuary will support Mirador with strategic business, operational, compliance and marketing support.

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