BBVA Group has announced the creation of BBVA Global Wealth Advisors in Miami. The new service aims to serve high net-worth Latin American clients and complement the international wealth management service already offered in Switzerland and Spain.
Initially, the service will be available to non-US resident clients from Latin America who are interested in having an international investment advisory solution in the United States. To qualify for the service, clients must bring assets under management of at least $500,000.
BBVA Global Wealth Advisors clients will have access to non-discretionary portfolio management services, advisory and wrap fee accounts, and other investment options, the press release said.
“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,” said Jaime Lázaro, Global Head of BBVA Asset Management & Global Wealth.
Murat Kalkan, Head of BBVA Global Wealth Advisors, added: “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.”
BBVA Asset Management & Global Wealth is the unit that coordinates the asset managers, investment advisors, and private banks of the BBVA Group globally.
