Pmadvisers

Pmadvisers

Pmadvisers launched in 2007, founded by an unnamed principal who cut his teeth across 25 years in Wall Street markets before setting up a commission-free advisory in Bogotá. The firm operates as a Registered Investment Adviser with the US SEC (CRD #292085 / SEC# 801-112542), an explicit choice that puts it under the Investment Advisers Act of 1940's fiduciary standard rather than the lesser suitability standard common among broker-dealers and banks across Latin America. That regulatory posture anchors its pitch to Colombian and regional entrepreneurs and senior executives. Its investment platform is deliberately simple: discretionary, globally diversified portfolios constructed from low-cost funds and direct securities. The firm states it does not capture client money in-house — clients open accounts at an authorized broker-custodian, retaining legal ownership 100% of the time. Pmadvisers earns only from advisory fees billed directly to the client, and its website emphasizes zero commissions, zero product sales, and no revenue-sharing from fund managers. The geographic focus implied by its Bogotá headquarters and Spanish-language site targets high-net-worth professionals in Colombia and, more broadly, Latin America, though formal office presence is not disclosed outside the capital. The firm's team size and total assets under advisement remain private. In September 2023, it maintained its active SEC registration and displayed no regulatory infractions on its public IAPD record, consistent with the clean compliance history it markets. Adjacent private wealth vehicles or philanthropic foundations tied to the firm have not emerged in public filings. The service menu is limited to portfolio management and financial planning, with no evidence of in-house venture, credit, or real-asset arms. Its genuine structural differentiator is a strict US-fiduciary wrapper delivered from Colombia. Pmadvisers is not a multi-family office aggregating outside capital into commingled vehicles, nor a broker-dealer pushing structured notes; it is a pure-pay advisory housed under SEC oversight — a regulatory asymmetry that relatively few Colombia-based wealth managers maintain. The result is a lean, single-jurisdiction RIA with an international compliance backbone and a concentrated client base of Latin American business owners who want their assets held in US custody accounts.