Investment in Premier Mexican Wealth Management Firm is First International Holding for Ohio-Based Stratos
Stratos Wealth Enterprises, a Stratos Wealth Holdings company, announced the purchase of a controlling interest in NSC Asesores, a premier wealth management and investment firm headquartered in Mexico City, with more than $4 billion (U.S.) in client assets, from an affiliate of the leading Swiss wealth manager Julius Baer Group Ltd. (“Julius Baer“). Stratos companies collectively oversee $23.3 billion in assets under advisement.
The Stratos investment provides NSC, one of the oldest and largest wealth management firms in Mexico, an experienced partner with a national footprint in the United States, allowing it to develop its capabilities and talent in Mexico and expand into other growth markets.
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Lou Camacho, COO of Stratos Wealth Holdings and President of Stratos Wealth Enterprises, said, “Looking forward to a more globalized financial services industry, we see incredible opportunities to work with the NSC leadership as we partner to enhance its historic strength in Mexico and in other markets with emergent wealth management demand.”
NSC’s founder and CEO Claudio Nunez, said, “More than 30 years ago, I founded NSC with a belief that independent and objective financial advice for our clients would drive incredible growth for our team and our clients. As we look ahead to the next 30 years, we are excited to collaborate with Stratos and Julius Baer in support of our strategic objectives in Mexico and around the world.”
Nancy Andrefsky, CFO of Stratos Wealth Holdings, said, “The strength of the NSC team and the firm’s financial foundation make this deal the right opportunity to expand internationally.”
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Stratos now holds 50.1 percent of the Mexican wealth management firm. Julius Baer will maintain a 19.9 percent holding and NSC’s managing partners own the remaining 30 percent of the firm.
Jeff Concepcion, the founder and CEO of Stratos, said, “We have long monitored the high-growth Latin American market for an opportunity generating similar success there as we’ve seen in the United States over the past several years. We are very impressed with our new NSC partners and are confident that we will see years of significant growth together within the Mexican and broader Latin American audience.”
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