Commercebank Investment Services, Inc. (Coral Gables)

Name: Commercebank Investment Services, Inc.
Address: 220 Alhambra Circle, Penthouse Floor, Coral Gables, FL, 33134
Telephone: 305-460-8599

Commercebank Investment Services, Inc. is a large advisory firm based in Coral Gables. It manages $209.19 million of regulatory assets for 572 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, New York, and Texas.

Commercebank Investment Services provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Commercebank Investment Services: assets under management

The assets under management (AUM) of Commercebank Investment Services, Inc. is $209.19 million. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $89.04 million in discretionary accounts and $120.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.72 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $212.65 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Commercebank Investment Services, Inc. for their services and products based on a percentage of assets under management and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Commercebank Investment Services, Inc.

Diego Vicente Arnal has been acting as President since 1 Jul 2001. Jose Luis Perich joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ricardo Marcelo Alvarez	Principal/treasurer	1 Jul 2001	Other	2018288
Diego Vicente Arnal	Director	1 Jul 2001	Other	4471006
Alberto Bernabe Gonzalez	Director	1 Jul 2001	Other	4471053
Alberto Peraza	Finop/secretary	1 Jul 2001	Other	4471425
Guillermo Villar	Director	1 Jul 2001	Other	4470916
William Millar Wilson	President/director	1 Jul 2001	Other	4471428
N.A. Commercebank	Shareholder	1 Jul 2001	75% - 100%	59-1846933
William Millar Wilson	Director	1 Jan 2002	Other	xxx-xx-xxxx
Gustavo Antonio Marturet Medina	President	1 Jan 2002	Other	4493405
Norma Maria Duenas	Director	1 Sep 2002	Other	4601408
Rosa Maria Delgado De Constantino	Director	1 Sep 2002	Other	4601476
Giampiero Riccio	Director	1 Apr 2003	Other	4534528
Raphael Enrique Vina	Finop	1 Feb 2004	Other	4510049
Jose Luis Perich	Chief compliance officer	1 Nov 2004	Other	1309507

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Commercebank Holding Corporation	Owner	1 Feb 1987	75% - 100%	65-0032379
Mercantil Servicios Financieros	Owner	1 Dec 1998	50% - 75%
C.A. Banco Mercantil	Owner	1 Jun 2000	25% - 50%

Based in Coral Gables

The principal office where Commercebank Investment Services, Inc. performs its advisory services is located at 220 Alhambra Circle, Penthouse Floor, Coral Gables, FL 33134, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-460-8599 or by fax 305-460-8598. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at commercebanksecurities.com.