Insigneo to Acquire Accounts of $4B IBD Focused on Latin American Wealth

Core Insights - Insigneo Financial Group has signed an agreement to acquire the accounts of VectorGlobal Wealth Management Group, adding over $4 billion in client assets and bringing Insigneo's total assets to nearly $35 billion [1] - The deal is expected to close in the first quarter of 2026, although specific terms were not disclosed [1] Company Overview - VectorGlobal is a wholly owned subsidiary of Vectormex International, which was previously part of the Mexican broker/dealer Vector Casa de Bolsa, recently targeted for alleged money laundering [2] - The acquisition will involve the transfer of VectorGlobal accounts in multiple countries including Chile, Mexico, Colombia, Ecuador, Peru, Venezuela, the U.S., and Canada to Insigneo's platform [3] - Insigneo will offer positions to VectorGlobal's advisors and select support staff as part of the transition [3] Strategic Growth - Insigneo has been actively growing through acquisitions, having previously acquired Citi's international personal bank business in Puerto Rico and Uruguay in 2022, and the Latin American consumer brokerage and investment accounts of PNC Investments in 2023 [4] - The firm currently has about 280 advisors serving over 32,000 clients globally [5]