The fintech LAKPA announced the authorization of its Registered Investment Advisor (RIA) in the United States by the Securities and Exchange Commission (SEC). This will allow them to expand their reach, according to a statement.
The technology firm specialized in financial advisory for high-net-worth investors – linked to the Chilean group LarrainVial – highlighted that this decision marks progress in its expansion plans, with the ambition of becoming the largest community of financial advisors in Latin America.
With the green light from the SEC, LAKPA’s RIA will enable them to directly manage the offshore assets of clients in the region, especially in markets such as Mexico, where international diversification is a key component of wealth management.
Until now, explained the fintech, these assets had been managed through indirect agreements with other financial institutions. In this way, they expect to provide greater efficiency, security, and transparency, they highlighted.
Currently, the fintech has more than 50 strategic alliances with local and global brokerage firms and asset managers. The RIA’s approval opens the door to expand these agreements to U.S. broker-dealers and custodians, strengthening the open architecture of its platform and multiplying the investment options available.
“This step not only expands our capabilities, but also reaffirms our commitment to ethics, transparency, and the building of a solid and reliable financial ecosystem in Hispanic America,” stated Alicia Arias, commercial director at LAKPA México, in the press release.
