Julius Baer Shrinks Ownership Stake In Mexico Wealth Manager

Editorial Staff

1 March 2022

Beachwood, Ohio-based , the Swiss private bank.

The management of NSC, which has more than $4 billion in client assets, will continue to own 30 per cent of the business, according to a statement from the various parties this week.

The investment by Stratos cuts Julius Baer’s stake in NSC to 19.9 per cent. Emigrant Partners, LLC is the capital partner of Stratos and supported that firm in evaluating the NSC transaction and financing the acquisition.

The financial terms of the deal were not disclosed.

Stratos Wealth Holdings is a US national platform catering to the independent wealth space comprising registered investment advisory firms and broker-dealers. It was founded in 2009 by Jeff Concepcion and has approximately $22 billion in client assets under management or advisement.

NSC was founded in 1989, serving HNW individuals, families, multi-generation family offices, business owners, trusts, estates, and charitable organizations in Mexico and internationally.

Separately, Julius Baer has announced the start of a new program – initially flagged on February 2 – to buy back up to SFr400 million of its stock.