LAKPA Strengthens Its Offering in Mexico with Model Portfolios from JP Morgan AM

Chilean fintech company LAKPA continues to expand its presence in Mexico, adding allies in one of the largest Latin American markets and broadening its offering. The latest milestone in this growth story is an alliance with JP Morgan Asset Management, which will allow the fintech to offer model portfolios from the US asset manager to Mexican clients.

The agreement allows the technology firm to have access to the model portfolios of the prestigious American investment house, highlights Alicia Arias, commercial director of LAKPA . “This will allow our financial advisors to offer their clients an investment portfolio designed by JP Morgan Asset Management, which will be acquired directly in the investment account of each investor,” she explained.

These investment portfolios, the executive explains, are adapted to the needs of Mexican investors and use efficient investment vehicles, available through the International Quotation System of the local market.

“We are pleased to offer our advisors portfolios designed by a team of experts with more than 50 years of experience in multi-asset investment solutions, backed by a solid track record of value creation,” Arias emphasizes. This team, he adds, manages more than $460 billion globally and has more than 1,300 investment professionals.

The goal of the technology firm is to establish itself as an investment advisor that offers a complete ecosystem for those financial advisors who wish to work independently , as described by the firm. With this, investors can keep their investments in the brokerage firm of their choice – with which LAKPA has commercial alliances – and management is left in the hands of their trusted advisors , through the fintech platform.

To date, the Chilean firm has commercial alliances with Actinver, GBM, Invex, Finamex, Scotia Wealth Management and Banorte Casa de Bolsa, according to its website.

LAKPA plans to Conquer the Mexican market

Strengthening ties with different players in the Mexican market is one of the key drivers of the firm’s business evolution in the country. “In addition to technology, which is a central pillar of our value proposition, LAKPA Mexico continues to add commercial alliances, both with counterparties for operations and custody and with global asset managers , to access the best solutions in the financial market in the public and private spheres,” says Arias.

Along those lines, the executive says that they hope to replicate in the North American country the success that LAKPA has achieved in Chile . “We are very pleased to have reached milestones such as surpassing $1 billion in assets advised,” she adds.

The fintech company LAKPA sees Mexico as fertile ground for financial advice, both on the supply and demand side. “In the country, few people have access to investments and financial advisory services. According to data from Banxico and AMIB, there are more than 400 billion pesos in demand or term funds, almost double the value of the investment fund industry, to put it in context,” said Arias.

In addition, he adds, according to AMIB, there are just over 9,000 people certified to provide financial advice.

“We are convinced that our solution will contribute to the development of a new network of financial advisors, who will operate under a scheme free of conflict of interest, without dependence on a single institution or compensation scheme,” he said.

__

(Featured image by Anton Lukin via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Funds Society. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us