{
  "crd_number": 310936,
  "slug": "mercor-investment-group-puebla-310936",
  "primary_business_name": "MERCOR INVESTMENT GROUP",
  "legal_name": "MATIENZO LAFFOURCADE, JUAN FRANCISCO",
  "dbas": [],
  "city": "Puebla",
  "state": null,
  "country": "Mexico",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-11-25",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-01-13",
  "carried_forward": false,
  "raum_total": 41633589.0,
  "raum_discretionary": 41633589.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 3169401.0,
      "count": 10
    },
    "high_net_worth_individuals": {
      "raum": 38464188.0,
      "count": 21
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/310936",
  "city_as_filed": "PUEBLA",
  "url": "https://advisorcensus.com/firm/mercor-investment-group-puebla-310936",
  "display_name": "Mercor Investment Group",
  "summary": "Mercor Investment Group is an SEC-registered investment advisory firm in Puebla, Mexico, registered since 2020, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated January 13, 2026.",
  "citation": "AdvisorCensus. Mercor Investment Group (CRD 310936): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Mercor Investment Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Mercor Investment Group reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Mercor Investment Group located?",
      "a": "Mercor Investment Group's principal office is in Puebla, Mexico, according to its Form ADV."
    },
    {
      "q": "Is Mercor Investment Group registered with the SEC or a state?",
      "a": "Mercor Investment Group is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 310936."
    },
    {
      "q": "How much does Mercor Investment Group manage?",
      "a": "Mercor Investment Group reports $41,633,589 in regulatory assets under management in its Form ADV filing dated January 13, 2026 (100% discretionary)."
    },
    {
      "q": "How have Mercor Investment Group's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Mercor Investment Group: Regulatory assets under management: $25,005,149 in the October 2021 data and $41,633,589 in the October 2026 data, up 67%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Mercor Investment Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (21); individuals (other than high net worth individuals) (10)."
    },
    {
      "q": "Does Mercor Investment Group report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/310936"
    },
    {
      "q": "Does Mercor Investment Group state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated January 13, 2026 says: \"Mercor Investment Group currently imposes a minimum account size requirement of $50,000.\""
    },
    {
      "q": "What changed in Mercor Investment Group's recent Form ADV filings?",
      "a": "In the February 2026 filing data: Regulatory assets under management went from $35,783,080 to $41,633,589 (+16%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 25005149.0,
      "total_employees": 1,
      "filing_date": "2021-02-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 27064958.0,
      "total_employees": 1,
      "filing_date": "2022-01-04"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 26452180.0,
      "total_employees": 1,
      "filing_date": "2023-01-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 32407657.0,
      "total_employees": 1,
      "filing_date": "2024-01-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 35783080.0,
      "total_employees": 1,
      "filing_date": "2025-01-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 41633589.0,
      "total_employees": 1,
      "filing_date": "2026-01-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $35,783,080 to $41,633,589 (+16%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated January 13, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$50,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $50,000"
        ],
        "quotes": [
          "Mercor Investment Group currently imposes a minimum account size requirement of $50,000."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 50000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Mercor Investment Group currently imposes a minimum account size requirement of $50,000."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/mercor-investment-group-puebla-310936.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 3169401.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 21,
      "fewer_than_5": false,
      "raum": 38464188.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/310936",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}