Wealth management in Mexico

Basham, Ringe y Correa, S.C.

Basham, Ringe y Correa, S.C. fields a private wealth team ‘that can compete with any other law firm in Mexico and internationally’. Ultra-high-net-worth (HNW) clients in Mexico and significant family estates look to the firm for comprehensive wealth and estate management counsel, and complementary strengths in tax law, succession and inheritance proceedings, family law, and dispute resolution all contribute to a rounded offering. The team’s workload ranges from the transfer of domestic and international assets, and designing cross-border successions and estates, to due diligence for Mexican, US and international trusts, and succession and estate planning for trusts. ‘Terrific advisorVictor Barajasunderstands the nitty-gritty of the Mexican law’ and is well-regarded across private wealth and tax matters. He jointly leads the department with Alejandro Barrera, a tax partner with wealth planning expertise. José Massas is a key name from the family law and successions perspective; at associate level, senior Manuel Zarate and Monica Patricia Perez provide key support.

Responsables de la pratique:

Victor Barajas; Alejandro Barrera


Les références

I have dealt especially with Víctor Barajas. His treatment is formidable and his knowledge of the issues to be resolved is extraordinary. That is why I always go to Basaham for serious issues that require total reliability, both in the treatment and in the results.

Basham, Ringe y Correa is a very good law firm. They have grown their visibility in the wealth management industry in the last decade thanks to the hard work of their employees. They are very well positioned and have a team that can compete with any other law firm in Mexico and internationally.

Victor Barajas is a terrific advisor. He understands the nitty-gritty of the Mexican law as well as the legal details that can make the difference for a client. He is very open and transparent. He shares his ideas in a very pragmatic way. Victor has provided Basham, Ringe y Correa with a huge visibility in the industry/market. He has done a fantastic job positioning his firm where it is now and I am sure they will continue to rise, especially because of Victor success and vision.

Chevez Ruiz Zamarripa

The private client practice group at Chevez Ruiz Zamarripa is held in high regard by the market and acts for individuals, financial institutions, trustees, and both financial and external advisors. One client highlights the ‘penetration that this office has in the Mexican market’, dubbing the team ‘indisputable leaders’. The slate of work covers tax obligations for both residents of Mexico and foreign clients, the implementation of investment and legal structures in Mexico and abroad, and compliance with all relevant regulatory rules. Practice head Alfredo Sánchez is praised for his ‘holistic and pragmatic vision regarding each case’ and draws on three decades' experience assisting with all aspects of domestic and international estate planning and succession matters for individuals, trusts, and estate administrators. Tax expert Ricardo Paullada is frequently engaged on private client matters, and Samy Lazarov is also a key partner in the practice group. An up-and-coming name in the market, Ana Sofía Ríos has a broad practice in wealth management matters, including Mexican trust formation, holding companies, donations and gifts, and retirement and succession planning. Experienced associate Alejandra Pacheco is noted.

Responsables de la pratique:

Alfredo Sánchez


Les références

Chevez, Ruiz & Zamarripa is a benchmark not only in Mexico but also in Latam. It has very well-prepared partners with an experience that makes them unique. The penetration that this office has in the Mexican market, advising on all types of transactions, individuals and corporations, makes them indisputable leaders. Because of the exposure they have in the industry, they are the ones who have been able to gain the most practical experience. They always speak from experience, as they have many cases within their reach.

Alfredo Sanchez: For me, without a doubt, he is one of the best prosecutors in Mexico. His holistic and pragmatic vision regarding each case/family makes him a unique advisor. In addition to having a very high intellectual capacity, he is also a great technician. An expert in tax / accounting matters, which allows him to solve problems immediately, since he has the knowledge and experience, he also has remarkable emotional intelligence which allows him to handle families or complex cases in a simple way and without creating friction or discussions.

Seasoned professionals; well known in the marketplace as policy setters.

Principaux clients

JP Morgan


Citibank


UBS


Credit Suisse


Julius Ber


Bank Safra


BNP


Santander


Morgan Stanley


Merrill Lynch


Principaux dossiers


  • Advised a family on compliance with Mexican tax obligations and establishing a trust.
  • Assisted with the structuring of the financial investments of a Mexican family through a trust and life insurance policy abroad.
  • Advised a foreign bank that plans to incorporate a Sicav (société d’investissement à capital variable), in which Mexican individuals hold their assets.

Galicia Abogados S.C.

Reflecting its breadth as one of the country’s foremost full-service firms, Galicia Abogados S.C. fields a wealth management practice that assists with the gamut of estate and succession planning issues, including tax advice, corporate governance, real estate law, wills, trusts, regulatory compliance, and litigation risk management. Along with the creation of efficient structures, the team provides ongoing advice -particularly to family offices- on daily operations. An abundance of talent in the team starts with the four practice heads: Christian Lipperthas excellent judgment built on deep experience’ and is often involved in cross-border matters; Gabriela Pellón receives client praise for her leadership and acts for HNWIs and family offices on an international scale; Eugenio Sepúlveda (in Monterrey) oversees restructuring related work; and Arturo Perdomo assists from a finance perspective. Senior associate Cecilia Díaz de Rivera stands out as one of the emerging experts in the field with a practice built on a strong corporate and finance foundation. Fabiola Jiménez, Fernando Luján and Ana Elena Dominguez are additional associates to note, along with November 2022 hire Gabryela Valencia.

Responsables de la pratique:

Christian Lippert; Gabriela Pellón; Eugenio Sepúlveda; Arturo Perdomo


Les références

It is a highly trained, proactive and responsible team. They really take ownership of the cases they support.

Ability. Knowledge at the highest level. Gabriela Pellón’s leadership is noteworthy and her entire team is perfectly committed to offering the highest quality services.

Teamwork with them is extremely professional.

Baker McKenzie Abogados, S.C.

Baker McKenzie Abogados, S.C. brings the firm’s hallmark international outlook to its wealth management department in Mexico, with a focus on cross-border tax compliance, as well as strength in assisting insurers with compliance for operating in Mexico. Pre-migration planning is an additional notable component of the firm’s family client's offering. The team is led by Jorge Narváez-Hasfura, one of the country’s leading tax lawyers. With a ‘charismatic approach’, Javier Ordoñez-Namihira is also a key figure in the team; clients highlight him as ‘a super knowledgeable lawyer’. A senior associate in the tax planning group, Lizette Téllez de la Vega provides key support on wealth management matters.

Responsables de la pratique:

Jorge Narváez-Hasfura


Les références

They have a very pragmatic approach and look at things with the intention of finding a solution. They do not repeat the clients the problem to be faced but how to solve it. They have one of the strongest teams in the region. The fact that Baker has offices all over the globe make them a one stop shop. This is valuable nowadays, when the flow of information is critical and when having too many people involved in a project can affect the outcome.

Javier Ordoñez is a super knowledgeable lawyer. He knows the law and regulations in and out. His charismatic approach and easy access made him a very reliable person for us. Clients and the industry in general speak very high about him. He is a hard worker person and someone who rolls up his sleeves when needed.

I’d highlight the team’s up-to-the-minute knowledge and creativity in the face of the different challenges seen in planning.

Principaux clients

Swiss Life (Luxembourg)


Utmost PanEurope


Principaux dossiers


  • Assisting Swiss Life (Luxembourg) with regulatory, tax and wealth management advice to enable it to offer life insurance products to Mexican clients.
  • Advising Utmost PanEurope on regulatory, tax and wealth management advice in connection with life insurance offered to Mexican clients.

Sánchez Devanny

Sánchez Devanny is a strong choice for HNWIs and families looking for tax and legal planning advice on the transfer of domestic and international assets. International tax planning specialist Abel Mejía is the main contact at the Queretaro office and is well-versed in various kinds of advice to individuals, including pre-migration tax planning to other countries, international patrimonial structures incorporating corporate-family governance protocols, and inheritance transmission. He co-leads the team along with two Monterrey-based fellow co-heads: ‘first-class advisorRicardo León, who has broad tax expertise and is a regular advisor to wealthy families on their tax affairs; and corporate law and project finance partner Ernesto Silvas. Jorge López is a tax practice associate with frequent involvement in wealth planning matters. Since publication, López has been raised to the partnership - effective as of December 2023.

Responsables de la pratique:

Abel Mejía-Cosenza; Ricardo León-Santacruz; Ernesto Silvas-Medina


Les références

The team led by Abel Mejia is simply fantastic, always ready and available. Unbeatable treatment and a great result for the client. Sanchez Devanny is a law firm with which we work regularly and will continue to do so in the future.

Attention to detail, availability, kindness, ability to overcome problems and come up with creative solutions to new problems and complicated situations.

Sanchez Devanny has worked very hard in the industry to achieve the reputation it has today. It is no coincidence that its partners and employees have the level that the firm has. They have diversified very well working in the niches in which a firm like them can undoubtedly add value. The following generations of associates or employees are very well prepared and are being properly trained to assume leadership roles that the market demands.

Principaux clients

Citibank


UBS


Merrill Lynch


JP Morgan


Lombard Odier


Deutsche Bank


Pictet


Lombard International Insurance


Morgan Stanley


Credit Suisse


Principaux dossiers


  • Advising a financial advisory joint venture on structuring different wealth planning and international holding vehicles to allow joint ownership of the merged business vehicles by their legacy US and Mexican owners.
  • Assisted private equity fund founders with creating and implementing an international wealth planning structure to participate in an offshore holding fund.
  • Advised a wealthy family in Mexico on an investment in optical fibre infrastructure, designing the international vehicles that would allow them to raise capital between international family and friends.