Stonex Group revealed on Monday that it had signed a letter of intent to get Intercam Adviss, Inc. And Intercam Securities, Inc. , Companies for wealth management in the United States for Intercam Holdings, Inc.
The deal is a strategic step by the International Financial Services Company to deepen its presence in Latin America and expand the offer of its investment products.
The proposed acquisition is subject to negotiation and the signing of final agreements, organizational approvals and standard closure conditions.
“This deal is compatible with the Stonex strategy of expanding its global wealth management scope, especially in Latin America, and providing customers with wider markets and investment products,” said Jay Carter, CEO of Stonex Wealth Management.
Intercam Advisors customers offer wealth management solutions and portfolio management. Intercam Securities is a mediation company.
The current STONX process is expected to complete and enhance its cross -border capabilities.
While the financial conditions have not been revealed, both parties confirmed that they are working on the completion of the agreement in the near future.
Stonex, listed in nasdaq under Snex Ticker, S.PERATES World Financial Services Network. He – she Provides services such as advanced digital platforms, clearing and implementation services from one side.