Banorte Asset Management, Inc
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Learn more about Banorte Asset Management, Inc
Overview
Banorte Asset Management, Inc is an advisory company based in Houston, Texas. The firm oversees $139.4 million in total assets across 598 customer accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). It has a small group, including 9 financial advisors. Banorte Asset Management, Inc is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are exchangable financial investments such as options, equities and bonds.
Banorte Asset Management, Inc manages the majority of its client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes transaction decisions for the client's account without needing the client's permission. Banorte Asset Management, Inc also manages 52 non-discretionary accounts totaling $74.9 million in assets under management. The advisory firm manages about $233,080 in assets for every customer account. The average advisor at Banorte Asset Management, Inc manages around 66 client accounts, placing it towards the middle in terms of personalization.
The company's headquarters is at 5075 Westheimer, Houston, Texas 77056. The firm is registered to provide services to customers in the state of Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Banorte Asset Management, Inc by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$139.4 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
14
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
598
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$233.1 thousand
Products and Services
Banorte Asset Management, Inc offers a number of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and other services. However, the firm did not provide financial planning services to any of its customers in the previous fiscal year. It is involved in selling products or offering services aside from investment advisory services to its customers. The company is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution and insurance company or agency.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial advisory services usually are based on the type of services provided. However, fees charged by Banorte Asset Management, Inc typically consist of the following fee structure: asset-based. The company participates in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with high net worth investors, charitable organizations, corporations and other. Out of its 598 customers, Banorte Asset Management, Inc's biggest client type by number of accounts is other, but it also manages money for 51 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). About 99% of its customers are from outside of the U.S.
- High-Net-Worth Individuals* - 8.53%
- Other Individuals - 0%
- Corporations - 91.3%
- Charitable Organizations - 0.17%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Banorte Asset Management, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Banorte Asset Management, Inc
Houston, TX
Houston, TX
Houston, TX
Bogota,
Houston, TX
Houston, TX
Spring, TX
Spring, TX
Spring, TX
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