As part of a review of its strategic participations, Julius Baer has decided to sell 50.1% of its share in NSC Asesores to Stratos Wealth Partners, retaining a 19.9% stake in reflection of Julius Baer’s ongoing commitment to the Mexican Wealth management market.
Zurich, 25 February 2022 – Julius Baer today announces that an agreement has been signed to sell 50.1% of its 70% participation in Mexico-based NSC Asesores, S.A. de C.V., Asesor en Inversiones Independiente (‘NSC Asesores’) to Stratos Wealth Partners Ltd, a US-based registered investment advisor.
The transaction follows a review of the Group’s strategic participations and the conclusion that NSC Asesores can develop and grow best under a different ownership structure. The current managing partners of NSC Asesores will continue to hold 30% and Stratos Wealth Partners will be the new majority owner of the company. Julius Baer will retain a minority participation of 19.9% and remains committed to the Mexican market, which represents an important market for the Group. The transaction was signed and closed on the same day.
NSC Asesores is one of the largest independent wealth management companies in Mexico. Julius Baer acquired an initial stake in NSC Asesores in 2015. As of 31 December 2021, NSC Asesores has managed client assets in excess of USD 4 billion.