Ownership
Our principal owners are Monex Casa De Bolsa, S.A. de C.V., a financial intermediary as such
term is defined in the Mexican Securities Market Law (“Ley del Mercado de Valores”). Monex
Casa de Bolsa, S.A. De C.V. is directly owned by Monex Grupo Financiero, S.A. de C.V., which
is directly owned by Monex, S.A.P.I. de C.V (formerly Monex, S.A.B. de C.V.). Monex, S.A.P.I.
de C.V. is held by a Trust named Fideicomiso F/9846 Banco Monex SA IBM Monex Grupo
Financiero.
Services Offered
Monex Asset Management, through our investment professionals (“Financial Advisor”), provides
discretionary and nondiscretionary investment advisory and consulting services to individuals,
trusts, estates and charitable and not for profit organizations. Investment advice and portfolio
management services are provided on a continuing basis including the appropriate allocation of
managed assets among cash, stocks, mutual funds and bonds. This selection of specific securities
will provide proper diversification and help to meet the client’s stated investment objectives,
although you may impose restrictions on us with respect to investing in certain securities or types
and classes of securities.
Investment Products
Monex Asset Management is not limited to the investment products offered, but we generally offer
advice on the following as well as the foreign equivalents of the following investment products:
• Equity securities (exchange-listed, over the counter, foreign issuers)
•
Corporate debt securities
•
Certificates of deposits
• Municipal securities
•
Investment Company Securities (mutual fund shares)
•
United States government securities
Option contracts on securities
Currencies
• Insurance Products
Monex Asset Management is licensed as an insurance agency and provides analysis of and
recommends the purchase and sale of certain insurance products for both advisory and non-
advisory clients. Please refer to Item 10 – Other Financial Industry Activities and Affiliations for
more detail.
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Wrap Programs
Monex Asset Management does not participate in any wrap fee programs.
Assets Under Management
As of December 31, 2023, Monex Asset Management managed $200,926,531in client portfolio
assets, $116,121,613 of which was managed on a discretionary basis and $84,804,918 in client
portfolio assets
were managed on a non-discretionary basis.
Retirement Accounts – DOL Disclosure
We are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act
of 1974 (“ERISA”) and/or the Internal Revenue Code (“Code”), as applicable, when we provide
investment advice regarding portfolio assets held in an IRA, Roth IRA, Archer Medical Savings
Account, a Plan covered by ERISA, or a plan described in Section 4975(e)(1)(A) of the Code
(collectively referred to collectively sometimes herein as (“Retirement Accounts”).
To ensure that Monex Asset Management will adhere to fiduciary norms and basic standards of
fair dealing with respect to Retirement Accounts, we are required to give advice that is in the "best
interest" of the retirement client. The best interest standard has two chief components, prudence
and loyalty. Under the prudence standard, the advice must meet a professional standard of care
and under the loyalty standard, our advice must be based on the interests of our retirement clients,
rather than the potential competing financial interest of Monex Asset Management.
To address the conflicts of interest with respect to our compensation, we are required to act in your
best interest and not put our interest ahead of yours. To this end, we must:
• Meet a professional standard of care when making investment recommendations (give
prudent advice).
• Never put our financial interests ahead of yours when making recommendations (give loyal
advice).
• Avoid misleading statements about conflicts of interest, fees, and investments.
• Follow policies and procedures designed to ensure that we give advice that is in your best
interest.
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
Education
Monex Asset Management generally requires Financial Advisors to have a college degree, or a
minimum four years related experience, have displayed a high degree of integrity in previous
business background, have high standards of morals and ethics and be committed to providing
quality investment advice. All Financial Advisors must have the required licenses for an
investment adviser.
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Branch Offices
San Diego Branch:
350 10th Avenue, Suite 1000
San Diego, CA 92101
San Antonio Branch:
18756 Stone Oak Parkway, Suite 266
San Antonio, TX 78258