{
  "crd_number": 285263,
  "slug": "mmbg-investment-advisors-co-miami-fl-285263",
  "primary_business_name": "MMBG INVESTMENT ADVISORS CO.",
  "legal_name": "MMBG INVESTMENT ADVISORS CO.",
  "dbas": [],
  "city": "Miami",
  "state": "FL",
  "country": "United States",
  "cbsa_code": "33100",
  "metro": {
    "cbsa_code": "33100",
    "common_name": "Miami",
    "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL",
    "path": "/advisors/fl/miami"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2016-10-20",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 2983709180.0,
  "raum_discretionary": 2983709180.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 14,
  "advisory_employees": 9,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 13968915.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 2452214.0,
      "count": 1,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 2952444231.0,
      "count": 136
    },
    "corporations_other_businesses": {
      "raum": 14843820.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "TX"
  ],
  "websites": [
    "https://mmbginvestment.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/285263",
  "city_as_filed": "MIAMI",
  "url": "https://advisorcensus.com/firm/mmbg-investment-advisors-co-miami-fl-285263",
  "display_name": "MMBG Investment Advisors Co.",
  "summary": "MMBG Investment Advisors Co. is an SEC-registered investment advisory firm in Miami, FL, registered since 2016, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. MMBG Investment Advisors Co. (CRD 285263): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is MMBG Investment Advisors Co. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), MMBG Investment Advisors Co. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is MMBG Investment Advisors Co. located?",
      "a": "MMBG Investment Advisors Co.'s principal office is in Miami, FL, according to its Form ADV."
    },
    {
      "q": "Is MMBG Investment Advisors Co. registered with the SEC or a state?",
      "a": "MMBG Investment Advisors Co. is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 285263."
    },
    {
      "q": "How much does MMBG Investment Advisors Co. manage?",
      "a": "MMBG Investment Advisors Co. reports $2,983,709,180 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have MMBG Investment Advisors Co.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for MMBG Investment Advisors Co.: Regulatory assets under management: $1,483,131,951 in the October 2021 data and $2,983,709,180 in the October 2026 data, up 101%. Total employees: 6 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does MMBG Investment Advisors Co. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (136); individuals (other than high net worth individuals) (1); charitable organizations (1)."
    },
    {
      "q": "Which custodians does MMBG Investment Advisors Co. use?",
      "a": "MMBG Investment Advisors Co.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan Securities LLC, Morgan Stanley, Pershing Advisor Solutions LLC and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does MMBG Investment Advisors Co. 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/285263"
    },
    {
      "q": "Does MMBG Investment Advisors Co. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"MMBG has a minimum account size of $500,000 USD, although we reserve the right to wave this requirement in our sole discretion.\""
    },
    {
      "q": "What changed in MMBG Investment Advisors Co.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 5 to 9. Regulatory assets under management went from $2,462,355,150 to $2,983,709,180 (+21%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1483131951.0,
      "total_employees": 6,
      "filing_date": "2021-09-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 2041441088.0,
      "total_employees": 7,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1722176323.0,
      "total_employees": 7,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1966726158.0,
      "total_employees": 7,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2462355150.0,
      "total_employees": 8,
      "filing_date": "2025-03-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2983709180.0,
      "total_employees": 14,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 9.",
        "Regulatory assets under management went from $2,462,355,150 to $2,983,709,180 (+21%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "MMBG has a minimum account size of $500,000 USD, although we reserve the right to wave this requirement in our sole discretion."
        ]
      }
    ],
    "quotes": [
      "MMBG has a minimum account size of $500,000 USD, although we reserve the right to wave this requirement in our sole discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "J.P. Morgan Securities LLC",
      "name_as_filed": "J.P. MORGAN SECURITIES LLC",
      "affiliated": false
    },
    {
      "name": "Morgan Stanley",
      "name_as_filed": "MORGAN STANLEY",
      "affiliated": false
    },
    {
      "name": "Pershing Advisor Solutions LLC",
      "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC",
      "affiliated": false
    },
    {
      "name": "UBS Financial Services Inc.",
      "name_as_filed": "UBS FINANCIAL SERVICES INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/mmbg-investment-advisors-co-miami-fl-285263.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 2452214.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 136,
      "fewer_than_5": false,
      "raum": 2952444231.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 13968915.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 14843820.0
    }
  ],
  "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/285263",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}