# Banorte Asset Management, Inc.

> Banorte Asset Management, Inc. is an SEC-registered investment advisory firm in Houston, TX, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated May 19, 2026.

- CRD: 290555
- Filed as: BANORTE ASSET MANAGEMENT, INC.
- Also doing business as: B.A.M. DIGITAL, BANORTE WEALTH ADVISORS, BANORTE WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: May 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/290555
- AdvisorCensus page: https://advisorcensus.com/firm/banorte-asset-management-inc-houston-tx-290555

## Quick answers

**How is Banorte Asset Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Banorte Asset Management, Inc. reports these compensation arrangements: a percentage of assets under its management.

**Where is Banorte Asset Management, Inc. located?**
Banorte Asset Management, Inc.'s principal office is in Houston, TX, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Banorte Asset Management, Inc. registered with the SEC or a state?**
Banorte Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 290555.

**How much does Banorte Asset Management, Inc. manage?**
Banorte Asset Management, Inc. reports $661,189,262 in regulatory assets under management in its Form ADV filing dated May 19, 2026 (78% discretionary).

**How have Banorte Asset Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Banorte Asset Management, Inc.: Regulatory assets under management: $106,891,633 in the October 2021 data and $661,189,262 in the October 2026 data, up 519%. Total employees: 14 in October 2021 and 40 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Banorte Asset Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (747); high net worth individuals (93); corporations or other businesses not listed above (28).

**Which custodians does Banorte Asset Management, Inc. use?**
Banorte Asset Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Banorte Asset Management, Inc. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/290555

**What changed in Banorte Asset Management, Inc.'s recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers LLC
- Pershing LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $661,189,262
- Discretionary: $516,791,604
- Non-discretionary: $144,397,658

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 747 | $184,671,204 |
| High net worth individuals | 93 | $382,512,577 |
| Charitable organizations | 1 | $1,197,191 |
| Corporations or other businesses not listed above | 28 | $92,808,290 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 40 total, 17 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/290555

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- The Woodlands, TX

### Websites listed on Form ADV (Item 1.I)
- bam.globalinvest.us
- banortewealthmanagement.com
- LinkedIn @banorte-securities-international-ltd

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $106,891,633 | 14 | September 3, 2021 |
| October 2022 | $155,036,773 | 17 | August 5, 2022 |
| October 2023 | $139,381,819 | 14 | October 3, 2023 |
| October 2024 | $217,562,323 | 29 | March 21, 2024 |
| October 2025 | $336,853,862 | 32 | June 25, 2025 |
| October 2026 | $661,189,262 | 40 | May 19, 2026 |

Regulatory assets under management: $106,891,633 in the October 2021 data and $661,189,262 in the October 2026 data, up 519%.
Total employees: 14 in October 2021 and 40 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- No longer lists the business name BAM Digital.
- Added the business name B.A.M. Digital.
- Employees performing advisory functions went from 16 to 17.
- Regulatory assets under management went from $336,853,862 to $661,189,262 (+96%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Banorte Asset Management, Inc. (CRD 290555): Form ADV filing data as of October 2026.