General
Meridiana MFO LLC (“Meridiana”) is a limited liability company duly organized under the laws of the
State of Florida on 09/26/2019. The company founding members are Enrique Carrillo (CRD No. 7193382)
and Juan Felipe Martinez (+) (CRD No. 7193397).
From its offices in Coral Gables, FL, (Main Office), Meridiana offers the following services to its advisory
clients:
Investment Advisory Services
Adviser provides investment advisory services to its clients through various types of discretionary and
non-discretionary accounts in accordance with each client’s investment objectives. Investment activities
focus on investments in various kinds of assets and securities in a variety of markets that is intended to
fit within the client’s objectives, strategies and risk profile as described by each client.
Meridiana offers ongoing portfolio management services based on the individual goals, objectives, time
horizon, and risk tolerance of each client. Meridiana creates an Investment Policy Statement for each
client, which outlines the client’s current investment profile (income, tax levels, and risk tolerance
levels) and then constructs a plan (the Investment Policy Statement) to aid in the selection of a portfolio
that matches each client’s specific situation. Investment Policy Statement may include, but not limited
to, the following:
▪ Investment strategy
▪ Asset allocation
▪ Risk tolerance
▪ Personal investment policy
▪ Asset selection
▪ Regular portfolio monitoring
Meridiana evaluates the current investments of each client with respect to their risk tolerance levels and
time horizon. Risk tolerance levels are documented in the Investment Policy Statement, which is given to
each client. Accounts may focus on investments in specified and limited kinds of assets and securities, in
limited markets, or they may be broad-based across many asset classes and markets. Such accounts are
intended to fit within the investor’s objectives, strategies and risk profile as described by each client.
The strategies utilized for these customized accounts may be similar to or may vary widely from the core
strategies typically utilized by the Adviser, as further described in Item 8. Clients may place targets on
these accounts and may restrict the types of investments made in such accounts.
As an investment adviser, Meridiana provides portfolio management and administrative services to
client accounts (the “Accounts”), including investigating, analyzing, structuring, and negotiating
P a g e | 5
potential investments, monitoring the performance of investments and advising the Accounts as to the
disposition of investment opportunities.
Adviser provides investment advisory services to Adviser’s clients through the management of
investment portfolios in accordance with the objectives, guidelines, and risk profiles of individual clients.
Clients provide such information to Adviser at or before the time they enter into an advisory agreement
with Adviser.
NON-DISCRETIONARY ACCOUNTS. Our primary business consists of providing nondiscretionary advisory
services to high and ultra-high net worth families residing in Latin America and USA. The services are
tailored to the client’s needs. Clients are asked to provide the Firm with information regarding their
financial profile and any restrictions the client wishes to impose on the management of the accounts.
For these non-discretionary accounts, we will recommend an investment strategy, allocation mix, or
changes to the client’s existing portfolio that we believe is suitable for that client. The Firm has an
ongoing responsibility to make recommendations to the client based upon the client’s financial and
investment profile. We do not buy or sell securities in the account unless the client approves of the
recommendation. Upon approval of a recommendation, we will arrange for effecting the securities
transaction(s) recommended.
INVESTMENT CONSULTING SERVICES. We provide investment advice and portfolio analyses and/or
recommendations to clients on an ongoing basis. Recommendations may cover not only the accounts
owned directly by the client but also accounts of entities owned, beneficially or otherwise, by the client.
We will arrange for effecting the securities transaction(s) recommended only upon the client’s request.
INVESTMENT PRODUCT TYPES. The primary investment vehicles in which client accounts are invested
are bonds, mutual funds, and exchange-traded funds. Occasionally,
and based on the needs and
objectives of the client, we may also advise on:
• Exchange listed securities.
• Securities traded over the counter.
• Securities issued by foreign issuers, including foreign sovereign debt instruments.
• Corporate debt securities.
• U.S. government securities.
• Structured Products (including reverse convertibles).
• Options contracts on securities.
• Private placements.
• Private equity funds; and
• Hedge funds.
BUSINESS CONSULTING SERVICES. Meridiana offers to its client’s recommendations and advice
regarding mergers, acquisitions, restructuring, and other financial or business transactions or matters on
a one-time, non-discretionary basis. This service is provided to our advisory clients at no additional cost.
P a g e | 6
STATEMENT CONSOLIDATION SERVICES. We provide consolidation services where we prepare and
deliver to the client a report itemizing the value of the client’s holdings in each of the accounts included
in the agreement and their collective value on a particular date. The reports contain information and
data about accounts for which we do not provide investment management services or advise the client.
If the client chooses to also subscribe to our management services, such services are provided through a
separate agreement. The consolidation services may be provided in conjunction with a consulting
arrangement.
Meridiana offers several specialized programs, as follows:
1. Third Party Managers
Based upon the Investment Policy Statement defined for each client (as described above), the
Adviser may recommend to certain clients that they authorize the active discretionary management
of a portion of their assets by certain investment managers that are not affiliated with the Adviser.
Adviser continues to render services to the client and, in addition, monitor and review the
performance of the third-party manager and the performance of the client’s accounts that are
being managed.
2. Family Wealth Services
As an investment adviser, Meridiana provides portfolio management and administrative services to
our clients, including investigating, analyzing, structuring, and negotiating potential investments,
monitoring the performance of investments and advising the clients as to the disposition of
investment opportunities.
Other Services
Adviser provides investment advisory services to clients through the management of investment
portfolios in accordance with the objectives, guidelines, and risk profiles of the individual clients. Clients
provides such information to Adviser at or before the time they enter into an advisory agreement with
the Adviser. The Adviser may provide additional services to the clients. The scope of services and
additional fees are negotiated individually with each client and incorporated into the Portfolio
Management Agreement.
Meridiana may also refer clients to other financial services companies, including banks, as a courtesy to
the client and with no compensation from the institution. Meridiana does not assume any
responsibilities for the products and services offered by said institutions. Meridiana strongly
recommends clients to perform their own due diligence on these institutions before opening a new
account / relationship with them.
Additional General Information
Other professionals (e.g., trust companies, lawyers, accountants, insurance agents, etc.) may be
recommended to clients or engaged directly by the client on an as-needed basis. Conflicts of interest
P a g e | 7
related to recommendations of other professionals will be disclosed to the client in the event they
should occur. Additionally, Meridiana’s client agreements may not be assigned without client consent.
Investment Restrictions
Adviser offers an array of services and clients can select among the services that the client and the
Adviser feel are suited for the client. Clients may impose reasonable restrictions on the management of
their accounts, including by restricting particular securities or types of investments. Clients should be
aware that performance of restricted accounts may differ from performance of accounts without such
impediments, possibly producing lower overall results.
Assets Under Management
Meridiana has approximately $342,825,446 in Assets Under Management (AUMs) as of December 31st,
2022, all managed in a non-discretionary manner.