Fintech
LAKPA Strengthens Its Offering in Mexico with Model Portfolios from JP Morgan AM
LAKPA’s agreement with JP Morgan Asset Management provides Mexican investors access to expertly curated investment portfolios through local brokerage partnerships. The fintech aims to empower independent financial advisors, offering tech-driven, conflict-free advisory solutions. LAKPA’s growth strategy focuses on commercial alliances and replicating its Chilean success, responding to Mexico’s high demand for investment advisory amidst limited access.
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.
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(Featured image by Anton Lukin via Unsplash)
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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.
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