Mora Wealth Management LLC (Miami)

Name: Mora Wealth Management LLC
Address: 1450 Brickell Avenue, Miami, FL, 33131
Telephone: 305-459-5400

Mora Wealth Management LLC is a large advisory firm based in Miami. It manages $1.01 billion of regulatory assets for 646 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 21 other states.

Mora Wealth Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and offshore funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mora Wealth Management: assets under management

The assets under management (AUM) of Mora Wealth Management LLC is $1.01 billion. The firm's AUM has grown by 153% since the beginning of its operation, and $352.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $704.02 million in discretionary accounts and $301.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.56 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.56 million.

Investments

The firm invests in sovereign bonds the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mora Wealth Management LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.

What kind of clients Mora Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Mora Wealth Management is individuals with 483 clients and $754.31 million of assets under management. Among the 10 most similar advisory firms, Mora Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.01 billion for 644 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 80% of the firm’s clients are foreign persons or businesses.

Mora Wealth Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Mora Wealth Management LLC

The company employs 21 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 17 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Joseph Zeno joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Salvador Garcon	Executive, direct owner	1 Nov 1999	Other	3241078
Alfredo A. Kulisic	Executive, direct owner	1 Nov 1999	Other	4089102
Ignacio Gil	Executive, direct owner	1 Nov 1999	Other	3241082
Jacobo Antonio Gadalamaria	Chief compliance officer	1 Mar 2007	Other	2138460
Sa Mora Banc Grup	Direct owner	1 Sep 2009	75% - 100%	foreign
Luis Alvarez Mora	Executive direct owner	1 Sep 2009	Other	5723096
S.A. Banc International D'andorra	Direct owner	1 Sep 2009	75% - 100%	foreign
Joan Quera Font	Executive	1 Sep 2009	Other	5723094
Gisella M. Santivanez	Compliance officer	1 Sep 2009	Other	1587010
S.A. Morabanc	Direct owner	1 Sep 2009	75% - 100%	foreign
Adela Cortina	Chief compliance officer	1 Sep 2010	Other	5882442
Adela Cortina Fabrega	Chief operating officer	1 Sep 2010	Other	5882442
Eli Butnaru	Chief executive officer	1 Aug 2011	Other	2527114
Angelique Elizabeth Figueroa	Chief compliance officer and chief operations officer	1 Jul 2012	Other	3126583
John Joseph Zeno	Chief compliance officer	1 May 2016	Other	2871575

Based in Miami

The principal office where Mora Wealth Management LLC performs its advisory services is located at 1450 Brickell Avenue, Miami, FL 33131, which is also the mailing address of the firm. An additional office of the firm is in Yarmouth, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-459-5400 or by fax 305-459-5401. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at morawealth.com.