(IN BRIEF) BBVA Group announces the establishment of BBVA Global Wealth Advisors, Inc. in Miami, Florida, catering to high net-worth Latin American clients seeking international investment advisory solutions in the United States. The service targets non-US resident clients with assets under management of at least $500,000, offering non-discretionary portfolio management services and advisory and wrap fee accounts. Jaime Lázaro, Global Head of BBVA Asset Management & Global Wealth, highlights the move’s integration of local and global capabilities, while Murat Kalkan, Head of BBVA Global Wealth Advisors, emphasizes its importance in meeting client needs across different geographies. This expansion aligns with BBVA’s strategy to enhance its wealth management offerings globally.
(PRESS RELEASE) BILBAO, 15-Mar-2024 — /EuropaWire/ — Initially, the service will be primarily available to clients from Latin America interested in having an international investment advisory solution in the United States. It will generally be available to non-US resident clients that bring assets under management of at least $500,000.
BBVA Global Wealth Advisors clients will have access to, among other things, non-discretionary portfolio management services, and advisory and wrap fee accounts.
Jaime Lázaro, Global Head of BBVA Asset Management & Global Wealth, stated: “The opening of BBVA Global Wealth Advisors in Miami will allow us to advance the integration of the local and global capabilities of BBVA’s wealth management, enhancing the value proposition for our clients.”
Murat Kalkan, Head of BBVA Global Wealth Advisors, said: “Establishing our own US-based investment advisory service for the Group’s high net worth clients is a critical component to our value proposition in our service to these clients. Launching this service in the biggest wealth management market in the world will allow us to strongly complement the Group’s overall offering in this space, and address a highly demanded need of our clients across various geographies of our footprint.”
BBVA Asset Management & Global Wealth is the unit that coordinates the asset managers, investment advisors, and private banks of the BBVA Group globally.
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First published in this link of EuropaWIRE.
