Banorte Asset Management, Inc. is a mid-sized advisory firm based in New York. It manages $30.42 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2017.
Banorte Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Banorte Asset Management, Inc. is $30.42 million. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Banorte Asset Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Banorte Asset Management is high net worth individuals with 14 clients and $23.72 million of assets under management. Among the 1 most similar advisory firms, Banorte Asset Management has the 0th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $23.72 million for 14 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Banorte Asset Management doesn't advise any private funds.
The company employs 17 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Banorte Asset Management, Inc. performs its advisory services is located at 140 East 45 Th Street, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in The Woodlands, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-484-5200 or by fax 212-484-5290. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at banortesecurities.com.