BBVA Opens Miami Advisory for Wealthy Latin American Clients
The Spanish bank already offers international wealth services in Spain and Switzerland.
Spanish lender Banco Bilbao Vizcaya Argentaria SA has opened a new office in Miami to serve wealthy Latin American clients.
Spain’s second-largest bank has established BBVA Global Wealth Advisors Inc., it said in a statement Thursday. BBVA already offers international wealth management services in Switzerland and Spain.
The new branch is open to non-U.S. resident clients looking to park at least $500,000 with the lender. The offering will include non-discretionary portfolio management services as well as advisory and wrap fee accounts.
BBVA sold its U.S. retail business in 2021 to PNC Financial Services Group Inc., but retained its investment banking presence in the country.
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