MMBG Investment Advisors provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
MMBG Investment Advisors reports 139 clients. They include 136 high-net-worth individuals, 1 individual client and 1 charitable organization. Of its assets, 100.0% ($2.98B across 234 accounts) are managed with discretion. Of its clients, 92% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | <1% | <1% |
| High-net-worth individuals | 98% | 99% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | Fewer than 5 | $2.45M | 0.1% | $2.45M |
| High-net-worth individuals | 136 | $2.95B | 99.0% | $21.7M |
| Charitable organizations | Fewer than 5 | $14M | 0.5% | $14M |
| Corporations and other businesses | Fewer than 5 | $14.8M | 0.5% | $14.8M |
| Total | 139 | $2.98B | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $2.45M
- AUM share
- 0.1%
- Avg. per client
- $2.45M
- Clients
- 136
- Regulatory AUM
- $2.95B
- AUM share
- 99.0%
- Avg. per client
- $21.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $14M
- AUM share
- 0.5%
- Avg. per client
- $14M
- Clients
- Fewer than 5
- Regulatory AUM
- $14.8M
- AUM share
- 0.5%
- Avg. per client
- $14.8M
Total
- Clients
- 139
- Regulatory AUM
- $2.98B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 92%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
MMBG Investment Advisors is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning and other specified services are charged a fixed, non-asset-based fee, typically $1,000 to $20,000 depending on a variety of factors.
Controladora MG Internacional S.a.p.i. De C.V. owns 75% or more of MMBG Investment Advisors and is in turn owned by Mauricio Morales Sada (25–50%) and Bernardo Guerra Treviño (25–50%). It has 14 employees, 9 of them in advisory roles.
Leadership
- Andres Aguilar CalvoPrincipal Officer
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Andres Aguilar Calvo
- Armando Jose Blancq Cazaux Lozano
- Francisco De Borja Echanove Camina
- Nelson Andre Flores
- Francisco Garcia Lozano
- Luis Fernando Jimenez Perez
- Gonzalo Lobeira Richardson
Staff
- 14 employees
- 9 in advisory functions
- 7 state-registered reps
- 5 soliciting firms
- Owns 75% or more of MMBG Investment Advisors Co.
Controladora MG Internacional S.a.p.i. De C.V.
Control person · since August 2016
- Owns 25% to 50% of Controladora MG Internacional S.a.p.i. De C.V.
Mauricio Morales Sada
Control person · since June 2016
- Owns 25% to 50% of Controladora MG Internacional S.a.p.i. De C.V.
Bernardo Guerra Treviño
Control person · since June 2016
- Owns 75% or more of MMBG Investment Advisors Co.
Controladora MG Internacional
Control person · since August 2016
MMBG Investment Advisors’ regulatory assets grew 2.0× from $1.48B (March 2021) to $2.98B (March 2026); clients rose from 74 to 139 and employees from 6 to 14.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.98B | 139 | 14 | 1 |
| March 2025 | $2.46B | 114 | 8 | 1 |
| March 2024 | $1.97B | 102 | 7 | 1 |
| March 2023 | $1.72B | 122 | 7 | 1 |
| March 2022 | $2.04B | 102 | 7 | 1 |
| March 2021 | $1.48B | 74 | 6 | 1 |
Besides its headquarters, MMBG Investment Advisors has 0 offices, with 1 listed address in Florida.
Florida · 1 listed address
- 1221 Brickell Avenue, 1221 Brickell Building, Suite 1030, MiamiHQ
Contact and registration details
- Legal name
- MMBG Investment Advisors Co.
- Headquarters
- 1221 Brickell Avenue, 1221 Brickell Building, Suite 1030, Miami, FL 33131
- Website
- mmbginvestment.com
- Phone
- 305-374-0704
- SEC file
- 801-108467
- Structure
- Florida corporation
- Fiscal year end
- December
MMBG Investment Advisors uses Morgan Stanley ($849M, 33%), J.P. Morgan ($834M, 32%) and Pershing ($530M, 20%), among others, as custodians for its separately managed accounts. MMBG Investment Advisors does not have custody of client assets.
- Morgan StanleyMorgan Stanley Smith Barney LLC · Purchase, NY · $849M33%
- UBS Financial ServicesUBS Financial Services Inc. · Weehawken, NJ · $397M15%
- J.P. MorganJ.P. Morgan Securities LLC · New York, NY · $834M32%
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $530M20%
At year end, MMBG Investment Advisors’ separately managed accounts were mostly in funds (50%) and stocks (37%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.26B across 177 positions; the largest are Apple Inc. (9.6%), Alphabet Inc. (9.0%) and Amazon Com Inc. (7.5%).
What the accounts hold
- Stocks37%
- Exchange-traded equities36%
- Non-exchange-traded equities1%
- Funds50%
- Cash12%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $1.26B
- Reported 13F value
- 177
- Positions
- 54.9%
- In the 10 largest
- +16.1%
- Value vs. prior quarter
- Apple Inc.9.6%
- Alphabet Inc. · Cap Stk CL A9.0%
- Amazon Com Inc.7.5%
- Microsoft Corp.6.0%
- Betterware DE Mexc S A P I D4.6%
- Nvidia Corporation4.3%
- Meta Platforms Inc. · CL A4.0%
- JPMORGAN Chase & CO3.9%
- Micron Technology Inc.3.0%
- Goldman Sachs Group Inc.2.9%
Together, the ten largest are 54.9% of reported value.
How many clients does MMBG Investment Advisors have?
MMBG Investment Advisors has 139 clients and manages $2.98 billion for them, as of March 2026. They include 136 high-net-worth individuals, 1 individual client and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does MMBG Investment Advisors offer?
MMBG Investment Advisors provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does MMBG Investment Advisors use?
MMBG Investment Advisors’ separately managed account assets are held at Morgan Stanley Smith Barney LLC (Purchase, NY), with $849M, J.P. Morgan Securities LLC (New York, NY), with $834M, Pershing Advisor Solutions LLC (Jersey City, NJ), with $530M and UBS Financial Services Inc. (Weehawken, NJ), with $397M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does MMBG Investment Advisors have?
MMBG Investment Advisors has 7 investment adviser representatives registered with state securities authorities, out of 14 employees, and 9 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does MMBG Investment Advisors invest in?
At the end of its last fiscal year, MMBG Investment Advisors’ separately managed accounts held 50% registered funds (mutual funds, ETFs, BDCs), 36% exchange-traded equities, 12% cash and equivalents and 1% non-exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns MMBG Investment Advisors?
MMBG Investment Advisors is owned through a holding company by Mauricio Morales Sada and Bernardo Guerra Treviño. Its direct owners are Controladora MG Internacional S.a.p.i. De C.V. (75% or more) and Controladora MG Internacional (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does MMBG Investment Advisors get paid?
MMBG Investment Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is MMBG Investment Advisors registered with the SEC?
Yes, MMBG Investment Advisors has been registered with the SEC as an investment adviser since 20 October 2016. Its CRD number is 285263 and its SEC file number is 801-108467.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact MMBG Investment Advisors?
MMBG Investment Advisors’ main office is at 1221 Brickell Avenue, 1221 Brickell Building, Suite 1030, Miami, FL 33131. Its phone number is 305-374-0704. Its website is mmbginvestment.com.