Boreal Capital Management Miami announced in a statement on Monday, May 5, that during fiscal year 2024 it increased its business volume in Miami to $2.951 billion, representing a 40% increase since 2022.
“We have a very clear value proposition, focused on our highly personalized private banking and our expert wealth management,” said Joaquín Frances, CEO of Boreal Miami. “We are committed to providing our clients with personalized attention, tailoring our services to their needs. Our steady growth is the best proof that our clients trust us and value what we do.”
The Boreal professional team grew by 7% compared to 2023, and the combined number of clients—together with Boreal Capital Securities, a subsidiary of MoraBanc—increased by 3.4% year-over-year.
“Boreal’s successful year contributed to the global growth of its parent company, MoraBanc, which increased its assets under management by 67%, reaching €18 billion. MoraBanc’s profits rose by 12%, to €57.7 million, and it reported a CET1 fully loaded capital ratio of 19.47%, well above the European banking average of 16%. MoraBanc’s acquisition of the Spanish securities firm Tressis also contributed to its 2024 results,” the firm noted.
Boreal Capital Management Miami, a subsidiary of the MoraBanc Group, is an asset management and advisory firm based in Miami. It partners with Boreal Capital Securities, a registered broker-dealer and subsidiary of MoraBanc. Through its business platform, Boreal offers clients a transparent and flexible model that supports multiple custodians. Pershing, a Bank of New York Mellon company, is its preferred custodian.
