Mora Wealth Management Opens Corporate Office in Miami in Response to Growth of Latin American Affluent Investor Market
Independent investment firm opens Brickell Avenue office, adds noted industry veterans to its team, and launches a website to serve potential investors
MIAMI – March 26, 2012 – In response to a growing Latin American affluent investor market, which now accounts for more than $2.2 trillion in institutional assets and has shown an 18.1 percent increase in millionaire wealth since 2007, Mora Wealth Management has established a corporate office in Miami, added noted industry veterans to its team and launched a new website to serve current and prospective clients.
According to Reuters, Latin American wealth four-year growth pattern trumps all world regions, including Asia. Similarly, according to The Latin American Venture Capital Association, private equity funds raised a record high of $8.1 billion for Latin America in 2010. At the same time, private equity investments quintupled on a year-over year basis to $17.2 billion. Assets under management of Brazilian hedge funds increased 23 percent in the same period.
“Latin America has become an increasingly attractive investment market,” said Eli Butnaru, chief executive officer of Mora Wealth Management’s Miami operations. “With GDP growth and legal reforms in countries like Colombia and Peru, the entire region is considered much less risky than in years past when greater instability ruled the day.”
Mora Wealth Management’s Spanish heritage stemming from MoraBanc in Andorra, its establishment of a significant physical office presence in Miami with a team of multicultural investment experts, as well as its launch of a content-rich website, confirm its commitment and understanding of Latin America’s role as an emerging market economic force. By establishing its presence in Miami, Mora Wealth Management is geographically well-positioned to manage capital flows and clients between the financial nexus of Europe, Latin America and North America. The website, complete with a wealth planning resource center, list of practice areas and social media capabilities, will enable Mora to meet the needs of its current and potential investors worldwide.
“In today’s tech-savvy marketplace, a website is an essential tool to market the vast financial investment resources and solutions investors and clients need and want,” said Butnaru. “Adding an interactive, informational, resource-rich platform is an effective way for us to share and communicate our investment perspectives and strategies with clients internationally.”
Forrester Research data affirm Butnaru’s assessment, indicating that more than one in four affluent investors express interest in online collaborative advice tools, prompting full-service wealth management firms like Mora Wealth Management to leverage their websites as a competitive advantage.
About Mora Wealth Management
Mora Wealth Management, with offices in Miami, Zurich, Switzerland, and Montevideo, Uruguay, is a global provider of financial investment solutions to high-net-worth individuals, family offices and organizations. With a rich legacy of superior private client service and performance, Mora’s trusted, multicultural advisors offer custom-tailored solutions to fit the unique needs of its global clientele. Its unique “open-architecture” business model enables Mora to create customized solutions from the complete array of products available on the market and offer its clients the best-possible investment options. For further information about Mora Wealth Management, please visit http://www.morawealth.com.