People Moves
Sanctuary Wealth Services Appoints Chairman
San Francisco, CA-headquartered Sanctuary Wealth Services, a provider of business support services for breakaway advisors, has named Craig Johnson as chairman.
Johnson is vice chairman of JMP Group and a member of its executive committee, as well as chairman of Harvest Capital Strategies.
At JMP, Johnson served as president from 2007 through 2010 and earlier was president of JMP Securities between 2002 and 2007. Prior to those roles, he was a founding member of Saw Island Asset Advisors, an alternative investment firm specializing in hedge fund investments that was acquired by Harvest Capital Strategies in 2003.
Sanctuary noted that over the past year it has added five advisors in San Francisco and Marin County, CA, and Denver, CO. The firm has also grown discretionary assets under management from $20 million to $350 million, while expanding its capabilities to support a third business model - advisors who act as portfolio managers.
Click here to view a recent article on Family Wealth Report looking at how Sanctuary is building a strong Bay Area base.