Crosspoint is the first asset manager to join Sanctuary and serves individuals, RIAs and other institutions. Under the agreement Sanctuary will provide the firm with performance reporting and operational, compliance and marketing support.

Three former employees of ThinkEquity – Michael Kress, Tony Cantando and Kyle Shealer – branched out to form Crosspoint. Cantando now acts as senior portfolio manager while Shealer is equity strategist, technical analyst and head trader.

This is the second announcement from Sanctuary this year, after the firm announced that Emerald Bay Wealth Management had hired it to support its business. Emerald Bay was founded in 2011 by Michael Battey and M Hannah Sullivan.