San Francisco, CA-headquartered Sanctuary Wealth Services has added another client to its platform in the shape of Mirador Capital Partners, an investment management firm serving individuals, families and businesses.

Mirador works with clients who are saving for retirement, planning for education, growing a business, transferring wealth across generations and building a legacy through philanthropy.

Joining Mirador’s founder, Don Garman, is Jason Pfannenstiel, Carol Wikle, Dan Murray and Audrey Glafkides, who together have nearly 90 years of investment management experience and are latterly of Morgan Stanley.

Sanctuary Wealth Services and its wholly-owned subsidiaries, Sanctuary Wealth Advisors and Sanctuary Securities, provide breakaway advisors, established wealth management firms and asset managers with a set of business support services and consulting expertise.

The firm will support Mirador with strategic business, operational, compliance and marketing support. Mirador has chosen Charles Schwab & Co as its primary custodian.

According to Jeff Spears, chief executive of Sanctuary Wealth Services, the "pendulum has swung back," as the original breakaways 20 years ago were the ones who managed money themselves. The key benefit of going independent is more control over the investment process, Spears told Family Wealth Report.