Balanz has announced the launch of Balanz Capital USA, its broker-dealer for the North American market.
Its new broker-dealer, Balanz Capital USA, “will enhance the Group’s ability to offer the best possible user experience to its clients, including both individuals and institutions,” according to a statement accessed by Funds Society.
The new broker-dealer in the U.S. will be led by Fred Lucier, who joins from Axio Financial, where he served as Managing Partner.
“Balanz Capital USA will play a crucial role in the growth of our global wealth management business. With a highly robust digital infrastructure, the firm is well-positioned to meet the needs of a broad client base. The company has a global footprint, and our expanded capabilities and expertise in the U.S. will allow us to better serve both current and future clients,” stated Lucier.
The Group, which employs over 1,200 employees and serves 1,000,000 clients, is building on its more than 20 years of experience “successfully collaborating with its clients to help them manage their wealth,” the firm added.
“Through its five offices worldwide, Balanz offers clients the best tools and a variety of products to optimize their investments and protect their capital. The result is customized portfolios tailored to a wide range of investment profiles,” declared Claudio Porcel, President of Grupo Balanz.
Balanz established its first presence in the U.S. in late 2022, marking the next phase of its global expansion strategy. Headquartered in Argentina, the Balanz Group also operates in the United Kingdom, Uruguay, Panama, and the United States.
Balanz entered the U.S. market by opening a registered investment advisor, Balanz Advisors, hiring Richard Ganter as CEO.
