Mercantil Commercebank Investement Services, Inc. (Coral Gables)


Mercantil Commercebank Investement Services, Inc. is a large advisory firm based in Coral Gables. It manages $445.11 million of regulatory assets for 978 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, New York, and Texas.

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

Mercantil Commercebank Investement Services: assets under management

The assets under management (AUM) of Mercantil Commercebank Investement Services, Inc. is $445.11 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 293% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $445.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $455.13 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mercantil Commercebank Investement Services, Inc. for their services and products based on a percentage of assets under management and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Mercantil Commercebank Investement Services, Inc.

William Millar Wilson has been acting as President since 1 Jan 2002. Raphael Enrique Vina joined the executive team most recently as the Cco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Alberto Peraza Director 1 Jul 2001 Other xxx-xx-xxxx
N.A. Mercantil Commercebank Shareholder 1 Jul 2001 75% - 100% 59-1846933
N.A. Mercantil Bank Shareholder 1 Jul 2001 75% - 100% 59-1846933
Ricardo Marcelo Alvarez Treasurer/ mercantil commercebank 1 Jul 2001 Other 2018288
Guillermo Villar Director 1 Jul 2001 Other 4470916
William Millar Wilson Director 1 Jan 2002 Other xxx-xx-xxxx
Rosa Maria Delgado De Costantino Director 1 Sep 2002 Other 4601476
Norma Maria Duenas Director 1 Sep 2002 Other 4601408
Raphael Enrique Vina Finop 1 Feb 2004 Other 4510049
Jose Luis Perich Chief compliance officer 1 Nov 2004 Other 1309507
Victor Leonardo Santana Perez Branch manager 1 Jan 2007 Other 1273188
Roberto Isasi Vantini Director 1 Apr 2008 Other 4541030
Gustavo Antonio Marturet Medina Director 1 Apr 2008 Other 4493405
Andres Sala Director 1 Apr 2008 Other 4500212
Nelson Pinto Director 1 Apr 2008 Other 65-1126480
Eduardo Bello Branch manager 1 Oct 2008 Other 5433549
Sophia Ohanessian Chief compliance officer 1 May 2009 Other 4850052
Ermengarda Palumbo Director 1 Jul 2011 Other 5238388
Lourdes Milagros Jordan Caldera Branch manager 1 Jan 2012 Other 4551606
Alfonso Osorio Branch manager 1 May 2012 Other 4725282
Eduardo Enrique Bello President & ceo 1 Apr 2013 Other 5433549
Maria Libertad Domador Director 1 Apr 2013 Other 4579400
Pedro Raul Parra Director 1 Jul 2015 Other 6549038
Miguel A Palacios Director 1 Jul 2015 Other 6549030
Fernando Figueredo Director 1 Oct 2015 Other 6577349
Eduardo Enrique Bello Chief compliance officer 1 Nov 2015 Other 5433549
Raphael Enrique Vina Cco 1 Oct 2016 Other 4510049

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Mercantil Commercebank Holding Corporation Owner 1 Feb 1987 75% - 100% 65-0032379
Mercantil Servicios Financieros Owner 1 Dec 1998 50% - 75% foreign
Mercantil Servicios Financieros Owner 1 Jan 2003 75% - 100% foreign
Mercantil Commercebank Florida Bancorp Inc. Owner 1 Oct 2008 75% - 100% 80-0297916
Mercantil Commercebank Voting Trust Owner 1 Oct 2008 75% - 100% 30-6192759
Mercantil Florida Bancorp Inc. Owner 1 Oct 2008 75% - 100% 80-0297916
Mercantil Bank Holding Corporation Owner 1 Oct 2008 75% - 100% 65-0032379

Based in Coral Gables

The principal office where Mercantil Commercebank Investement Services, Inc. performs its advisory services is located at 220 Alhambra Circle, 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. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at mercantilcis.com.