DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Banorte Asset Management, Inc.

Independent wealth managerHouston, TexasCRD 290555SEC 801-114865websiteIAPD
Latest filing May 19, 2026
First filing on the tape Dec 7, 2017 · 42 filings
SEC status approved since Mar 25, 2019
RAUM
$661M
reported, Item 5.F
Discretionary
78%
of RAUM
Private clients
86%
$567M individuals and HNW
Advisors
19
registered through the firm on IAPD
RAUM per advisor
$34.8M
derived; firm RAUM over IAPD count
Employees
40
17 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$661M as of May 19, 2026
Mar 30, 2020$44.2M then
HNW client RAUM$383M as of May 19, 2026
Mar 30, 2020$36.2M then
State-registered IARs (5.B.3)17 as of May 19, 2026
Mar 30, 20200 then
Employees (5.A)40 as of May 19, 2026
Mar 30, 202017 then
Private funds: no history
RAUM +96% over the last fiscal year+68% a year over threeIARs 16 to 17
Practice profile
derived from the filing of May 19, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$34.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
44derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.1MderivedHNW RAUM over HNW clients
Average account
$760,862derivedRAUM over accounts (5.F.2.f)
Discretionary
78%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.1derivedItem 5.A over advisors
Advisors per office
9.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+96%derivedbetween the last two annual amendments
Advisor growth, one year
+6.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+24%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, selection of other advisersreportedItem 5.G
Wrap fee program
$661MreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$383M58%
  • Individuals$185M28%
  • Corporations and businesses$92.8M14%
  • Charitable organizations$1.2M0.2%
Individual clients
747reported
HNW clients
93reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
869reported
Financial planning clients
reported
Wrap fee programs
$60.7M sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.86 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=21.0derived
Advisors registered through the firm
19 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Aaron Antonio Buitron RomeroThe Woodlands, Tx Jul 17, 201913 y0
Julio Cesar Gil RecioHouston, Tx Jul 17, 201913 y0
Antonio Teruggi PeredaThe Woodlands, Tx Jul 17, 201920 y0
Ricardo Roche MaldonadoThe Woodlands, Tx Sep 6, 201913 y0
Mario HankThe Woodlands, Tx Dec 7, 202110 y0
Victor Hugo BujandaHouston, Tx Aug 1, 202233 y0
Marcelo Andres GomezCertified Financial PlannerHouston, TxAug 4, 202311 y2
Brenda Michelle Garcia AyalaThe Woodlands, Tx Aug 7, 202312 y0
Juan Carlos BarrazaHouston, TxJan 2, 202422 y5
Guillermo Pena FacioHouston, TxJan 4, 202412 y0
Jose Ramon RodriguezHouston, TxFeb 13, 202423 y3
Juan Fernando ValdiviesoChartered Financial ConsultantHouston, TxMar 12, 202429 y0
Jorge Antonio FigueroaHouston, TxApr 23, 202410 y1
Salomon LahanaHouston, TxSep 23, 202414 y3
Maria Genoveva HernandezHouston, TxJun 23, 202516 y4
Mayela OrrantiaHouston, TxMay 6, 202618 y5
Joaquin Sanchez HernandezChartered Financial AnalystHouston, TxMay 15, 202630 y3
Ignacio Antonio Perezanta OrdonezHouston, TxMay 26, 202619 y3
Joaquin A Barthel MedinaHouston, TxMay 27, 202615 y1
Advisor movement
1 left, 4 joined in 12 months
net +3 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 5.3% of current headcount4 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Ramon Jose Rodriguez · Chief Executive Officercontrol
      since 02/2024 · owns less than 5%
    • Eduardo Jorge Ibarra · Chief Operating Officer
      since 03/2020 · owns less than 5%
    • Antonio Teruggi Pereda · Commercial Director
      since 07/2020 · owns less than 5%
    • Fernando Juan Valdivieso · Chief Compliance Officer
      since 04/2023 · owns less than 5%
    Entity owners
    • Banorte Securities Holdings International, Inc. · Sole Shareholder Of Applicant
      direct · owns 75% or more
    • Casa De Bolsa Banorte S.A. De C.V. · Sole Shareholders Of Banorte Securities Holdings International, Inc.
      indirect · owns 75% or more of Banorte Securities Holdings International, Inc.
    • Grupo Financiero Banorte S.A. De C.V. · Sole Shareholders Of Casa De Bolsa Banorte
      indirect · owns 75% or more of Casa De Bolsa Banorte S.A. De C.V.
    Related persons
    Schedule D 7.A
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Houston, Tx · principal1941
    The Woodlands, Tx700
    Offices
    Schedule D 1.F, the 25 largest
    • The Woodlands, TX8 employees
    ADV anomalies
    2 against comparable advisers; where to look, not conclusions
    • discretionary share shiftChange between filings · filing Mar 25, 2026
      discretionary share of RAUM moved from 60.0% to 78.0% between the annual amendments of 2025-04-25 and 2026-03-25
      peers: independent wealth managers, $500M to $1B (1,483)
    • RAUM up 50 %Change between filings · filing Mar 25, 2026
      RAUM (Item 5.F) moved from $336,853,862 to $661,189,262 (+96.0%) between the annual amendments of 2025-04-25 and 2026-03-25; the peer median change was +16.0% (1386 comparable advisers, 98.0th percentile of changes)
      peers: independent wealth managers, $500M to $1B (1,386) · 98% percentile
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 691 to 869
      Jun 25, 2025 to Mar 25, 2026
    • Advisory employees · 16 to 17
      Jun 25, 2025 to Mar 25, 2026
    • BD registered reps · 18 to 21
      Jun 25, 2025 to Mar 25, 2026
    • Corporate clients · 11 to 28
      Jun 25, 2025 to Mar 25, 2026
    • HNW clients · 119 to 93
      Jun 25, 2025 to Mar 25, 2026
    • Individual clients · 560 to 747
      Jun 25, 2025 to Mar 25, 2026
    • Employees · 32 to 40
      Jun 25, 2025 to Mar 25, 2026
    • Insurance-licensed employees · 0 to 6
      Jun 25, 2025 to Mar 25, 2026
    • State-registered IARs · 16 to 17
      Jun 25, 2025 to Mar 25, 2026
    • Discretionary RAUM · $203M to $517M
      Jun 25, 2025 to Mar 25, 2026
    • HNW RAUM · $225M to $383M
      Jun 25, 2025 to Mar 25, 2026
    • Individual RAUM · $100M to $185M
      Jun 25, 2025 to Mar 25, 2026
    • Non-discretionary RAUM · $134M to $144M
      Jun 25, 2025 to Mar 25, 2026
    • RAUM · $337M to $661M
      Jun 25, 2025 to Mar 25, 2026
    • Wrap assets (sponsor) · $197M to $60.7M
      Jun 25, 2025 to Mar 25, 2026
    • Financial planning clients · unset to
      May 20, 2025 to Jun 25, 2025
    • Related adviser · false to true
      Apr 25, 2025 to May 20, 2025
    • Accounts · 571 to 691
      Nov 14, 2024 to Apr 25, 2025
    • Advisory employees · 13 to 16
      Nov 14, 2024 to Apr 25, 2025
    • Advisory activities · 4 to 2
      Nov 14, 2024 to Apr 25, 2025
    • BD registered reps · 16 to 18
      Nov 14, 2024 to Apr 25, 2025
    • Charity clients · 2 to 1
      Nov 14, 2024 to Apr 25, 2025
    • Corporate clients · 6 to 11
      Nov 14, 2024 to Apr 25, 2025
    • HNW clients · 64 to 119
      Nov 14, 2024 to Apr 25, 2025
    • Individual clients · unset to 560.0
      Nov 14, 2024 to Apr 25, 2025
    • Employees · 29 to 32
      Nov 14, 2024 to Apr 25, 2025
    • State-registered IARs · 13 to 16
      Nov 14, 2024 to Apr 25, 2025
    • Discretionary RAUM · $89.7M to $203M
      Nov 14, 2024 to Apr 25, 2025
    • HNW RAUM · $101M to $225M
      Nov 14, 2024 to Apr 25, 2025
    • Individual RAUM · unset to 100399303.0
      Nov 14, 2024 to Apr 25, 2025
    • Non-discretionary RAUM · $128M to $134M
      Nov 14, 2024 to Apr 25, 2025
    • RAUM · $218M to $337M
      Nov 14, 2024 to Apr 25, 2025
    • Wrap assets (manager) · $65.5M to $0
      Nov 14, 2024 to Apr 25, 2025
    • Wrap assets (sponsor) · $0 to $197M
      Nov 14, 2024 to Apr 25, 2025
    • Accounts · 576 to 571
      Feb 22, 2024 to Mar 21, 2024
    • Advisory employees · 9 to 13
      Feb 22, 2024 to Mar 21, 2024
    • Advisory activities · 5 to 4
      Feb 22, 2024 to Mar 21, 2024
    • BD registered reps · 14 to 16
      Feb 22, 2024 to Mar 21, 2024
    • Charity clients · 1 to 2
      Feb 22, 2024 to Mar 21, 2024
    • Corporate clients · 8 to 6
      Feb 22, 2024 to Mar 21, 2024
    Signals
    13 dated events
    • Banorte Asset Management, Inc. reported RAUM $661.2M, up 96% from $336.9M (2025-06-25 to 2026-03-25)
      Mar 25, 2026 · RAUM change · derived
    • Banorte Asset Management, Inc. reported RAUM $336.9M, up 55% from $217.6M (2024-11-14 to 2025-04-25)
      Apr 25, 2025 · RAUM change · derived
    • Xavier Ernesto Ibarrola left Banorte Asset Management, Inc. for Avanzza Investments Llc (registered 2026-09-01)
      Mar 8, 2024 · Advisor changed firm · fact
    • Ramon Jose Rodriguez (Chief Executive Officer) appeared on Schedule A of Banorte Asset Management, Inc.
      Feb 22, 2024 · Control person joined · fact
    • Ernesto Xavier Ibarrola (Chief Executive Officer) no longer on Schedule A of Banorte Asset Management, Inc. (listed 2023-12-12, absent 2024-02-22)
      Feb 22, 2024 · Control person left · inference
    • Rafael Felipe Gomez Gutierrez left Banorte Asset Management, Inc. for Vectorglobal Iag, Inc. (registered 2024-06-19)
      Dec 19, 2023 · Advisor changed firm · fact
    • Juan Esteban Medina left Banorte Asset Management, Inc. for Acp Capital Management, Llc (registered 2025-02-19)
      Oct 4, 2023 · Advisor changed firm · fact
    • Walter William Cathriner (Cco) no longer on Schedule A of Banorte Asset Management, Inc. (listed 2022-10-11, absent 2022-12-19)
      Dec 19, 2022 · Control person left · inference
    • William Walter Cathriner left Banorte Asset Management, Inc. for Gfs Advisors Llc (registered 2023-01-03)
      Dec 16, 2022 · Advisor changed firm · fact
    • Walter William Cathriner (Cco) appeared on Schedule A of Banorte Asset Management, Inc.
      Mar 30, 2020 · Control person joined · fact
    • Ernesto Xavier Ibarrola (Ceo) appeared on Schedule A of Banorte Asset Management, Inc.
      Oct 1, 2019 · Control person joined · fact
    • Antonio Carlos Mena (Managing Director) no longer on Schedule A of Banorte Asset Management, Inc. (listed 2019-09-06, absent 2019-10-01)
      Oct 1, 2019 · Control person left · inference
    • Banorte Asset Management, Inc. filed its initial SEC registration (Form ADV)
      Dec 7, 2017 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Firm profile
    linkedin.com/company/banorte-securities-international-ltdreportedpublic record, Form ADV, Sep 17, 2026
    Website
    bam.globalinvest.usreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    713-980-4600reportedpublic record, Form ADV, May 19, 2026
    Contact form
    bam.globalinvest.us/contactreportedpublished by the firm, firm site, Sep 16, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $34.8Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026