Mercantil Commercebank Investment Services (Coral Gables)

Name: Mercantil Commercebank Investment Services
Address: 220 Alhambra Circle, Penthouse Floor, Coral Gables, FL, 33134
Telephone: 305-460-8599

Mercantil Commercebank Investment Services is a large advisory firm based in Coral Gables. It manages $291.58 million of regulatory assets for 620 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, New York, and Texas.

Mercantil Commercebank Investment Services provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mercantil Commercebank Investment Services: assets under management

The assets under management (AUM) of Mercantil Commercebank Investment Services is $291.58 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $144.44 million in discretionary accounts and $147.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $239.65 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mercantil Commercebank Investment Services for their services and products based on a percentage of assets under management and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Mercantil Commercebank Investment Services

William Millar Wilson has been acting as President since 1 Jan 2002. Roberto Isasi Vantini joined the executive team most recently as the Chief Investment & Operations Officer/Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ricardo Marcelo Alvarez	Principal / treasurer commercebank	1 Jul 2001	Other	2018288
Alberto Peraza	Director	1 Jul 2001	Other	xxx-xx-xxxx
Guillermo Villar	Director	1 Jul 2001	Other	4470916
N.A. Mercantil Commercebank	Shareholder	1 Jul 2001	75% - 100%	59-1846933
William Millar Wilson	Director	1 Jan 2002	Other	xxx-xx-xxxx
Gustavo Antonio Marturet Medina	President/director	1 Jan 2002	Other	4493405
Norma Maria Duenas	Director	1 Sep 2002	Other	4601408
Rosa Maria Delgado De Costantino	Director	1 Sep 2002	Other	4601476
Raphael Enrique Vina	Finop	1 Feb 2004	Other	4510049
Jose Luis Perich	Chief compliance officer	1 Nov 2004	Other	1309507
Roberto Isasi Vantini	Chief investment & operations officer/director	1 Jan 2007	Other	4541030
Victor Leonardo Santana Perez	Branch manager	1 Jan 2007	Other	1273188

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mercantil Commercebank Holding Corporation	Owner	1 Feb 1987	75% - 100%	65-0032379
Mercantil Servicios Financieros	Owner	1 Dec 1998	50% - 75%	foreign

Based in Coral Gables

The principal office where Mercantil Commercebank Investment Services performs its advisory services is located at 220 Alhambra Circle, Penthouse Floor, Coral Gables, FL 33134, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-460-8599 or by fax 305-460-8598. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at www.mercantilcis.com.