StoneX Enhances Wealth Management Services for Latin America

StoneX Expands Wealth Management Services

StoneX Group Inc. (NASDAQ: SNEX), a leading global financial services firm, has taken a significant step forward by acquiring Intercam Advisors, Inc. and Intercam Securities, Inc. This strategic move enhances StoneX’s capacity to provide comprehensive brokerage and investment advisory services specifically tailored for Latin American clients.

Rebranding Under the StoneX Umbrella

With the acquisition finalized, the companies have been effectively rebranded as StoneX International Securities Inc. and StoneX International Advisors, Inc. This change reflects StoneX's commitment to strengthening its existing wealth management business and fostering deeper connections with Latin America.

Integrated Solutions for Cross-Border Clients

This acquisition enables StoneX to deliver a wider array of integrated advisory and brokerage solutions. Built on the firm’s extensive global reach and infrastructure, this expansion empowers them to serve cross-border clients more effectively, addressing their unique financial needs and circumstances.

Client Commitment and Vision

Jay Carter, CEO of StoneX Wealth Management, expressed enthusiasm about this development. He stated that the acquisition represents a dedicated effort to enhance access for Latin American clients, providing secure U.S.-regulated custody and customized investment solutions. Carter emphasized that these services will be delivered through the esteemed StoneX wealth platform, underscored by the backing of a Fortune 50 financial services firm.

Managing Significant Client Assets

StoneX Wealth Management currently oversees more than $18 billion in client assets across the U.S. and Latin America. With a robust team of over 500 financial professionals across 44 states, the firm is equipped to offer extensive financial solutions tailored to individuals, families, and businesses alike.

About StoneX Group Inc.

StoneX Group Inc. stands as a prominent entity in the financial services sector, operating a global network that connects a spectrum of clients, from corporations to individual traders, to the global market ecosystem. This is achieved through an innovative combination of digital platforms, comprehensive clearing and execution services, and deep market expertise. Their goal is to be the trusted partner for clients, providing the necessary tools and services to facilitate informed trading, risk management, and enhanced business performance.

Global Presence and Clientele

Headquartered in New York City, StoneX is a Fortune 50 company, publicly traded on the Nasdaq Global Select Market under the ticker SNEX. With a workforce exceeding 4,700 employees, StoneX proudly serves over 54,000 commercial, institutional, and payment clients, in addition to more than 260,000 self-directed retail accounts, operating through more than 80 offices across six continents.

Contact Information

For further inquiries, please contact Jonathan Kay at Jonathan.Kay@stonex.com.

Frequently Asked Questions

What recent acquisition did StoneX make?

StoneX acquired Intercam Advisors and Intercam Securities to expand its services for Latin American clients.

How does this acquisition benefit Latin American clients?

The acquisition allows StoneX to provide more robust advisory and brokerage services tailored specifically for Latin American clients.

What are the new names for the acquired entities?

The entities have been rebranded as StoneX International Securities Inc. and StoneX International Advisors, Inc.

How much in assets does StoneX Wealth Management manage?

StoneX Wealth Management oversees more than $18 billion in client assets.

What is the mission of StoneX Group Inc.?

StoneX aims to be the trusted partner for clients, providing comprehensive services to facilitate trading opportunities and manage market risks.

About The Author

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