StoneX Enhances Wealth Management for Latin American Clients
StoneX Group Inc. Strengthening Wealth Management Services
In a significant move to enhance its offerings, StoneX Group Inc. (NASDAQ: SNEX), a prominent global financial services firm, has recently expanded its wealth management services aimed at Latin American clients. This strategic decision reflects the company’s dedication to fostering strong relationships and providing tailored financial solutions to this diverse market.
Acquisition of Intercam Advisors and Intercam Securities
StoneX has successfully completed the acquisition of Intercam Advisors, Inc. and Intercam Securities, Inc., both based in the U.S., which specialize in providing brokerage and investment advisory services specifically for Latin American clientele. Following this acquisition, the firms have been rebranded as StoneX International Securities Inc. and StoneX International Advisors, Inc., integrating them into the StoneX family.
Benefits of the Acquisition
This acquisition is pivotal, as it significantly bolsters StoneX’s existing wealth management business while strengthening its connection within Latin America. The new entity will enable StoneX to bolster its capacity to serve cross-border clients by offering a more extensive array of integrated advisory and brokerage solutions, leveraging the firm’s expansive global infrastructure.
Commitment to Latin American Clients
Jay Carter, the Chief Executive Officer of StoneX Wealth Management, expressed his enthusiasm for this acquisition, stating, "This acquisition reflects our commitment to Latin American clients by expanding their access to secure, U.S.-regulated custody, tailored investment solutions, and dedicated support. This is delivered through the expertise of the StoneX wealth platform and backed by the institutional strength and presence of a Fortune 50 financial services firm.”
Comprehensive Wealth Management Solutions
Operating under the StoneX umbrella, the wealth management segment is quite impressive, managing over $18 billion in client assets across the U.S. and Latin America. The firm features a team of more than 500 financial professionals spread across 44 states, delivering an extensive array of solutions tailored for individuals, families, and businesses. Their offerings range from financial planning, investment advisory, to brokerage services, ensuring that they meet various client needs effectively.
About StoneX Group Inc.
StoneX Group Inc. is recognized for its global financial services network that connects companies, organizations, traders, and investors within a comprehensive market ecosystem. This is achieved through a unique blend of digital platforms and end-to-end clearing services, complemented by high-touch service and profound expertise. The firm's vision is to be the most trusted partner to its clients, empowering them to pursue lucrative trading opportunities, manage risks effectively, invest wisely, and enhance their business performance.
Company Scale and Reach
As a Fortune 50 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. employs over 4,700 individuals and serves a diverse client base of more than 54,000 commercial, institutional, and payment clients. Additionally, there are over 260,000 self-directed and retail accounts managed from more than 80 offices located across six continents, showcasing the firm's extensive reach and robust market presence.
Contact and Further Information
For those interested in further information about StoneX and its offerings, please reach out to Jonathan Kay via email. The dedication to client service and satisfaction remains a core value at StoneX, where each professional is committed to delivering exceptional financial solutions.
Frequently Asked Questions
What is StoneX Group Inc. known for?
StoneX Group Inc. is recognized for providing a range of financial services, including wealth management and investment advisory services globally.
What recent acquisition did StoneX complete?
StoneX recently acquired Intercam Advisors and Intercam Securities to enhance its wealth management capabilities in Latin America.
How does this acquisition benefit Latin American clients?
The acquisition allows StoneX to provide tailored financial services, secure custody, and dedicated support to its Latin American clientele more effectively.
What financial assets does StoneX manage?
StoneX manages more than $18 billion in assets across various markets, focusing on providing comprehensive financial solutions.
How can clients contact StoneX for more information?
Clients can reach out to Jonathan Kay via email for inquiries and more information about StoneX's services.
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