MIAMI--(BUSINESS WIRE)--In response to a growing Latin American affluent investor market that currently accounts for more than $2.2 trillion in institutional assets and shows 18.1 percent increases in millionaire wealth since 2007, Mora Wealth Management (MWM) has established a corporate office in Miami, added noted veterans to its team and launched a website.
According to Reuters, Latin American wealth four-year growth pattern trumps all world regions, including Asia. The Latin American Venture Capital Association reports that private equity funds raised a record $8.1 billion for Latin America in 2010. Private equity investments quintupled year-over-year 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, CEO of MWM’s Miami operations. “With GDP growth and legal reforms in countries like Colombia and Peru, the region is considered much less risky than in years past when greater instability ruled.”
MWM believes its Miami office positions it geographically to manage capital flows and clients between the financial nexus of Europe, Latin America and North America. Butnaru said he expects potential clients to appreciate the firm’s unique “open-architecture” business model, which enables MWM to create customized solutions from the complete array of products available on the market and offer its clients the best-possible investment options.
MWM’s Spanish heritage stemming from MoraBanc in Andorra, its establishment of a significant office presence in Miami with a team of multicultural investment experts, and its launch of a content-rich website, confirm its understanding of Latin America’s role as an emerging market economic force.
About Mora Wealth Management
Mora Wealth Management (MWM), 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, MWM’s trusted, multicultural advisors offer custom-tailored solutions to fit the unique needs of its global clientele. Its unique “open-architecture” business model enables MWM 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 MWM, please visit http://morawealth.com/.