The BBVA Group has established a new entity, BBVA Global Wealth Advisors (BBVA GWA) in Miami, with the aim of serving high net-worth Latin American clients. The new entity joins the international wealth management service that BBVA already offers in Switzerland and Spain.
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 USD 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 GWA 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.”
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