Bolton Continues Expansion in NYC with Addition of Morgan Stanley Team

Bolton Global Capital is pleased to announce that the team of Ruben Lerner and Manuel Uranga have joined the firm. They have been affiliated with Morgan Stanley as managing directors since 2008 and currently manage a book of $550 million.

Their new firm, A Plus Capital, is headquartered in New York City at 515 Madison Avenue and will have an office in Miami.  With over 30 years in combined industry experience with Morgan Stanley, Smith Barney and Citigroup Global Markets, the partners will continue to service high net worth clients in Europe, Latin America and the US, offering a broad range of investment solutions. Their junior partner Ariel Materin, formerly of Morgan Stanley, will also be joining A Plus Capital to manage client acquisition, as well as investment strategy.

Custody of client assets will be held through BNY Mellon Pershing, the world’s largest clearing firm. BNY Mellon is oldest US banking institution and the largest global custodian with over $30 trillion in assets, doing business in more than 60 countries. Bolton will be providing compliance, back office, and marketing support as well as the wealth management and trading technologies for the A Plus Capital team.

Mr. Uranga holds a Masters in Economics and Business Administration from CUNEF (Colegio Universitario de Estudios Financieros) in Spain. Mr. Lerner holds a Masters in Business Administration from Boston University and a Bachelor of Finance degree from Universidad Metropolitan in Venezuela. Mr. Materin graduated from Drexel University with a Bachelor in Business Administration.

The addition of the Lerner Uranga team represents a continued expansion by Bolton into the New York City market. The firm expects to add more than $850 million in client assets managed by teams recruited this year in New York City market.

Bolton continues NYC expansion with $550m Morgan Stanley team

Independent broker-dealer Bolton Global Capital has ramped up its expansion in New York City with the addition of Morgan Stanley international advisors Ruben Lerner and Manuel Uranga.

After nine years as managing directors at Morgan Stanley, where they advised on an international client book of $550 million, Lerner and Uranga have launched A Plus Capital, which will be headquartered in Manhattan at 515 Madison Avenue, Bolton has announced.

Junior partner Ariel Materin, client associate Jennifer Ramos and office manager Olga Lopez  also join from Morgan Stanley. Materin will manage client acquisition and investment strategy for the team while Ramos will be based in A Plus Capital’s Miami location and Lopez will manage the New York office.

Lerner, originally from Venezuela, and Uranga, from Spain, service clients across Europe, Latin America and the US.

The duo joined Morgan Stanley from Smith Barney, which was then still part of Citi, in 2008 with sales assistants Dolores Alcaide-Mendez and Jennifer Ramos. Alcaide-Mendez remains with Morgan Stanley.

Custody of client assets will be held through BNY Mellon Pershing. Bolton will be providing compliance, back office, and marketing support as well as the wealth management and trading technologies for the A Plus Capital team.

Morgan Stanley confirmed the team’s exit, but declined to comment further.

Bolton’s big plans

The Bolton, Massachusetts-based business is looking to continue to acquire more than $850 million in client assets in New York City market before the end of 2017.

It entered the region in May when former HSBC private banker Ethan Assouline joined the broker-dealer.

Over the last two years Bolton had been targeting advisors in Miami, adding international teams that had left wirehouses and private banks due to internal policy changes during that period. It now has over $4 billion in assets under management from non-US resident clients.

Ruben Lerner and Manuel Uranga Join Bolton’s New York Team

Independent broker-dealer Bolton Global Capital has ramped up its expansion in New York City with the addition of Morgan Stanley international advisors Ruben Lerner and Manuel Uranga.

After nine years as managing directors at Morgan Stanley, where they advised on an international client book of $550 million, Lerner and Uranga have launched A Plus Capital, which will be headquartered in Manhattan at 515 Madison Avenue, Bolton has announced.

Junior partner Ariel Materin, client associate Jennifer Ramos and office manager Olga Lopez also join from Morgan Stanley. Materin will manage client acquisition and investment strategy for the team while Ramos will be based in A Plus Capital’s Miami location and Lopez will manage the New York office.

Lerner, originally from Venezuela, and Uranga, from Spain, service clients across Europe, Latin America and the US.

The duo joined Morgan Stanley from Smith Barney, which was then still part of Citi, in 2008 with sales assistants Dolores Alcaide-Mendez and Jennifer Ramos. Alcaide-Mendez remains with Morgan Stanley.

Custody of client assets will be held through BNY Mellon Pershing. Bolton will be providing compliance, back office, and marketing support as well as the wealth management and trading technologies for the A Plus Capital team.

Morgan Stanley confirmed the team’s exit, but declined to comment further.

Bolton’s big plans

The Bolton, Massachusetts-based business is looking to continue to acquire more than $850 million in client assets in New York City market before the end of 2017. It entered the region in May when former HSBC private banker Ethan Assouline joined the broker-dealer.

Over the last two years Bolton had been targeting advisors in Miami, adding international teams that had left wirehouses and private banks due to internal policy changes during that period. It now has over $4 billion in assets under management from non-US resident clients.

Bolton contrata equipo de $550 millones de Morgan Stanley en Nueva York

La corredora de bolsa independiente Bolton Global Capital continuó su expansión en Nueva York con la incorporación de los asesores internacionales de Morgan Stanley, Ruben Lerner y Manuel Uranga.

Después de nueve años como directores ejecutivos de Morgan Stanley, donde asesoraron en una nómina de clientes internacionales por un total de $550 millones, Lerner y Uranga lanzaron A Plus Capital, que tendrá su sede en Manhattan en 515 Madison Avenue, anunció Bolton.

La socia junior Ariel Materin, la asociada de clientes Jennifer Ramos y la gerente de oficina Olga Lopez también se unen de Morgan Stanley. Materin administrará la adquisición de clientes y la estrategia de inversión para el equipo, mientras que Ramos se basará en la ubicación de A Plus Capital en Miami y López administrará la oficina en Nueva York.

Lerner, originaria de Venezuela, y Uranga, de España, prestan servicios a clientes de toda Europa, América Latina y Estados Unidos.

El dúo se unió a Morgan Stanley desde Smith Barney, que seguía siendo parte de Citi, en 2008 con los asistentes de ventas Dolores Alcaide-Mendez y Jennifer Ramos. Alcaide-Ménde sigue en Morgan Stanley.

La custodia de los activos de clientes se llevará a cabo a través de BNY Mellon Pershing. Bolton proporcionará soporte de cumplimiento, back office y mercadeo, así como las tecnologías de administración y trading de patrimonios para el equipo de A Plus Capital.

Morgan Stanley confirmó la salida del equipo, pero se negó a comentar más.

Los planes de Bolton

El negocio con sede en Bolton, Massachusetts, busca continuar adquiriendo más de $850 millones en activos de clientes en el mercado de Nueva York antes de finales de 2017.

Entró en la región en mayo, cuando el ex banquero privado de HSBC Ethan Assouline se unió a la corredora.

Durante los dos últimos años, Bolton había estado buscando asesores en Miami, agregando a los equipos internacionales que habían dejado las grandes firmas y bancos privados debido a cambios de política interna durante ese período. Ahora tiene más de $4.000 millones en activos bajo administración de clientes no residentes en los Estados Unidos.

$6.4M adviser leaves Merrill Lynch

A Merrill Lynch adviser who oversaw $650 million in client assets left the wirehouse earlier this month to join Bolton Global Capital, his new employer said.

Euclides Moreno generated $6.4 million in annual revenue while at the wirehouse, according to Bolton.

The Miami-based adviser specializes in servicing wealthy international clients. Moreno had been with Merrill Lynch since joining the industry in 2000, according to FINRA BrokerCheck records. Prior to becoming an adviser, Moreno worked in his family’s Venezuela-based bank, according to his new firm.

His departure comes after Merrill announced it was cutting back on recruiting experienced advisers. The firm will instead focus on growing its brokerage force by training new talent and hiring young advisers from its competitors.

Merrill recently reported its headcount fell by 145 advisers to 14,484 advisers for the first quarter. Some departing advisers have cited concerns over the firm’s plans to cease offeringcommission-based retirement accounts, though Merrill said last week that it would relax those restrictions.

For Moreno, Bolton says it will provide back office, compliance and technical support. Client assets will be custodied through Pershing, the company says.

Bolton has more than $6 billion in client assets and 40 branch offices across the United States, according to the company.

$650 Million AUM Advisor Joins Bolton

Bolton Global Capital is pleased to announce that Euclides Moreno has joined the firm’s Miami office. Mr. Moreno held the position of Managing Director with Merrill Lynch where he worked for the past 17 years. He has built a successful international wealth management practice with $650 million in client assets and $6.4 million in annual revenues. He was among the top producers in Merrill Lynch’s international wealth management complex in Miami.

Mr. Moreno will be operating his business under the name: The Moreno Wealth Management Group Client accounts will be held and maintained through BNY Mellon Pershing, the world’s largest clearing firm. BNY Mellon is the oldest banking institution in the US founded by Alexander Hamilton in 1784 and is the world’ largest custodian with more than $30 trillion in assets held in custody. Through the BNY Mellon Pershing platform, The Moreno Wealth Management Group will have access to markets and exchanges in more than 65 countries and can service their clients on a global basis.

Bolton will provide back office, compliance and technical support to the Moreno team. Through Bolton’s independent business model, financial advisors acquire better ownership and control of their book and are provided with turnkey solutions to set-up, brand and run their businesses with all of the capabilities, services and products of the major wirehouses and private banks. Financial advisors also capture a substantially higher share of the revenues generated from their businesses. Many of the largest teams at the major banks and wirehouses have transitioned to the independent business model over the last few years. Nine teams from the major firms with over $1.5 billion in client assets transitioned to Bolton last year.

“We are proud to have such a top notch professional affiliate with our organization and we look forward to supporting the continued growth of his business.” stated Ray Grenier, CEO of Bolton. Mr. Moreno is a graduate of Babson College in Wellesley Massachusetts. He holds the CIMA designation, awarded by IMCA in conjunction with the Wharton School at the University of Pennsylvania. Prior to joining Merrill Lynch in 2000, he worked in his family’s banking business in Venezuela. He lives Cocoplum with wife Sandra, sons Carlos Alfredo, Juan Diego and daughter Silvana.

Bolton Global Capital has been a broker dealer and FINRA member firm for 32 years with over $6 billion in client assets and 40 branch offices across the US. The firm’s SEC Registered Investment Advisor operates under the name Bolton Global Asset Management.

Bolton Global Capital
579 Main Street
Bolton, MA 01740
(800) 649-3883

Euclides Moreno se une a Bolton Global

Bolton Global Capital ha sumado al equipo de su oficina de Miami a Euclides Moreno, quien mantendrá la denominación “The Moreno Wealth Management Group” con la que ya operaba anteriormente. Moreno ejercía de managing director en Merrill Lynch liderando una práctica con 650 millones en activos de clientes internacionales, que suponía 6,4 millones en ingresos para la firma, y un equipo de siete profesionales.

En esta nueva etapa, los activos de los clientes serán custodiados por BNY Mellon Pershing, plataforma a través de la cual tendrán acceso a mercados de 65 países, mientras que Bolton proveerá el back office, compliance y apoyo técnico al equipo de Moreno.

“Estamos muy orgullosos de que otro de los mejores profesionales se una a nuestra firma y estamos deseando apoyar el continuo crecimiento de su negocio”, declaró Ray Grenier, CEO de Bolton. La oferta de Bolton ya atrajo el año pasado a nueve grandes equipo de los principales bancos y broker dealers, lo que resultó en la transferencia a la plataforma de un total 1.500 millones en activos.

Antes de unirse a Merrill Lynch, firma a la que ha estado ligado durante 17 años, Moreno trabajó en el negocio bancario de su familia en Venezuela.

Por Qué los Asesores se Reinventan Como Independientes

Este último año, Bolton Global, uno de los 50 mayores broker dealer independientes de Estados Unidos, ha visto cómo su equipo de asesores financieros ha crecido sustancialmente en todo el país,y especialmente en Miami, una plaza importante en la industria del wealth management internacional. La firma ha ido anunciando sus últimas incorporaciones que, a su vez, han servido de llamada para otros asesores contemplando, o en proceso de, un cambio.

Entre noviembre de 2015 y diciembre de 2016, la versión digital de Funds Society ha publicado una serie de nuevas incorporaciones a la firma, entre ellas The Perez Group, Eduardo Robson, Daniel Aymerich, Soraya Batista-Gracía, Eddie Moreno,  Alex Astudillo, Ángela Canas, Tanya Duarte y Archivaldo Vásquez, Felipe Ballestas, Oscar Guevara, Samuel Nunez, Ricardo Morean, Christian Felix, Henrique Pinheiro y Diogo Scelza. En esta ocasión, hemos querido hablar con Ray Grenier, CEO de Bolton Global, para descubrir las claves del irresistible modelo de esta firma.

Bolton Global es uno de los 50 mayores broker dealers independientes de Estados Unidos, con más de 32 años de historia y 45 sucursales, Cuyos ingresos y activos bajo gestión por asesor financier en active lo sitúan entre las firmas independientes líderes del país. En el último año, Bolton Global ha visto como  más de 15 asesores con clients internacionales se han unido a su plataforma, muchos de ellos en Miami.

Pero, qué explica este éxito. La primera pregunta para el CEO de Bolton Global es clara: ¿Por qué los asesores financieros eligen ligarse a Bolton Global?

“No contamos Con un equipo de captación de FAs, hemos crecido fundamentalmente mediante el boca a boca”. Su major herramienta para captar nuevos equipos de financial advisors son los propios FAs que ya trabajan en Bolton, que les refieren a otros equipos con activos de calidad y amplia experiencia. “Un equipo contento y que cuenta con todo el apoyo de la organización para desempeñar su trabajo es el mejor embajador para atraer nuevo talento a la firma”, dice Ray Grenier.

“Nuestra plataforma permite a los FAs establecer su propia marca, el equity en sus cuentas de resultados y generar ingresos netos ustancialmente mayores,después de los gastos. Ofrece soluciones llave en mano para crear un modelo de negocio independiente, desarrollar la marca y el logotipo de la compañía, la página web y material promocional, para configurar la infraestructura de la oficina y plataformas tecnológicas,así como soluciones para capacitar al personal. También proporcionamos todo el respaldo administrativo de cumplimiento normative y supervisión para procesar el negocio de manera eficiente y efectiva, de acuerdo con las reglas y regulaciones de la industria”, explica Grenier. “A Través de Bolton, los FAs tienen acceso a todas las capacidades, productos y servicios disponibles a través de los principals wirehouses y bancos privados”, resume. Se trata de asesores que, en el 90% de los casos, se unen a Bolton después de una exitosa experiencia en alguno de los grandes broker dealers estadounidenses, cuyas carteras superan los 100 millones de dólares y cuentan con una experiencia professional de más de 15 años en la industria. En su mayoría son ciudadanos estadounidenses o profesionales que cuentan con los pertinentes visados para residir en el país, aunque la enseña también cuenta con varios asesores de inversion afiliados que operan desde otros mercados con capacidades registradas plenas.

 

JP Morgan Securities duo with $200M in AUM joins Bolton Global Capital ​

A JP Morgan Securities team that managed more than $200 million has joined Bolton Global Capital, according to the independent hybrid firm said.

Agustin De Estrada and Manuel Lecour are working as Aurora Partners and operating from Miami, the Boston-based Bolton said in a press release. Bolton clears and custodies securities with Pershing.

Agustin De Estrada began his career as a financial adviser with Merrill Lynch in 2002. He moved to JP Morgan in 2008. Manuel Lecour joined Citigroup Global Markets in 2008 and moved to JP Morgan Securities in 2012, where he and Mr. De Estrada began working as a team. They serve clients in Latin America, Europe and the U.S.

Marcela Aroyave, who also transferred from JP Morgan, manages client service operations for the team.