At a time when Mexico’s Vector Casa de Bolsa is undergoing a process of dismantling—after the U.S. Department of the Treasury accused it, along with CI Banco and Intercam, of facilitating money laundering—the international arm of the firm, VectorGlobal Wealth Management Group, has come under new ownership. The buyer: U.S.-based financial advisory group Insigneo Financial Group, which with this acquisition strengthens its foothold in Latin America.
According to a statement issued by the wealth management firm, the agreement includes client accounts from both VectorGlobal WMG and its RIA in Miami, VectorGlobal IAG.
Thus, the transaction includes the transfer of more than $4 billion in client assets from across the continent, including Colombia, Chile, Mexico, Ecuador, Peru, Venezuela, the United States, and Canada. This will allow the firm to establish a stronger position in the region, reaching total assets under management of approximately $35 billion.
In addition, the transaction includes a three-year referral agreement between Insigneo and Casa de Bolsa Finamex for the referral and servicing of the latter’s offshore client accounts, recently acquired from Vector Casa de Bolsa.
Around 80 Professionals and Executives Join Insigneo
But the acquisition doesn’t only involve the assets: approximately 80 investment professionals and key executives from Vector will be considered to join Insigneo‘s team once the agreement is signed, according to the details provided.
“This transaction represents a significant milestone in the execution of Insigneo’s growth strategy,” stated Raúl Henríquez, CEO and Chairman of the Board of the acquiring firm. “This acquisition will allow us to reinforce and expand our geographic presence, strengthen our team to better serve our clients, and reaffirm our firm’s commitment to Latin America,” he added in the press release.
Looking ahead, the transaction is pending regulatory approval, but it is expected to be fully closed in the first quarter of 2026.
This is the third major transaction the firm has carried out in a few years, having acquired the international businesses of Citi in Puerto Rico and Uruguay in 2022, and integrated the offshore accounts of PNC for Mexican clients in 2023.
All in all, the U.S.-based financial advisory firm has 280 investment professionals and 68 institutional firms in its network, serving a total of more than 32,000 clients in various countries.
