Wealth management in Mexico

Basham, Ringe y Correa, S.C.

Basham, Ringe y Correa, S.C. is home to ‘one of the best wealth management practices in Mexico’. Highlighted for offering ‘clear and quick responses’, the practice has focus on high-net worth-individuals in Mexico, regularly advising them on a wide range of matters such as the transfer of their domestic and international assets; the design of cross-border successions and estates; and international trusts. It is co-led by Victor Barajas, who has over 20 years' experience in tax and private clients' work - and is particularly strong on the structuring of wealth matters, the repatriation of funds, asset protection and corporate governance; and Alejandro Barrera, who garners plaudit for his sophisticated approach to estate and tax planning.  Additional partner expertise comes from the head of M&A Daniel Del Rio.

Practice head(s):

Victor Manuel Barajas; Alejandro Barrera

Testimonials

‘It is one of the best wealth management practices in Mexico. They have a great balance of knowledge, experience and speed.’

‘The service is one of the best – always with clear and quick responses.’

Sánchez Devanny

Sánchez Devanny houses a ‘very skilled’, ten-strong practice, which garners praise for being ‘clear and precise’ and ‘very client oriented’. The department is made up of a number of leading individuals in the field, including: Queretaro-based Abel Mejía, who advises high-net-worth individuals on tax planning, including pre-immigration planning and family estate structuring, as part of a broader practice that also takes in advising multinationals on their operations in Mexico and associated inter-company cross-border transactions; Ernesto Silvas, who has broad experience advising Mexican family companies and family-offices on the design and implementation of their corporate ownership and governance structures, and who also handles succession planning; and managing partner Ricardo León, an expert in cross-border tax planning and transfer-pricing matters, who focuses on estate planning mandates. The latter pair operate from the firm's Monterrey office.

Practice head(s):

Abel Mejía-Cosenza; Ricardo León-Santacruz; Ernesto Silvas-Medina; Francisco Andrés Gamez-Garza

Testimonials

‘It is a very complete firm, they have a very skilled team capable of offering various solutions to the issues at hand, they are always clear and precise. They usually respond very quickly when required, very client oriented.’

‘Ricardo León Santacruz and his team, including Abel Mejía, are always very knowledgeable and very well structured to offer their services’.

‘Clear focus on advice for families and family businesses. Comprehensive service with option to coordinate work across several jurisdictions. Experts include Ricardo Leon Santacruz and Abel Mejia and Fernando Martinez, associate.’

‘They stand apart from their peers as a team that is collaborative and works together well, respectful of their colleagues. Each individual in the team is strong in technical skills and also an approachable “solutions oriented” professional.’

‘The team is consistently investigating innovative strategies to help clients achieve their goals.’

Key clients

Citibank

UBS

Goldman Sachs

JP Morgan

Lombard Odier

Scotiabank

Work highlights

  • Assisting a major Meixcan multination in the food sector with the review and updating of the company’s policy for tax equalization, planning and compliance for expatriate employees in Mexico and those outbound from Mexico to diverse other jurisdictions.

Baker McKenzie Abogados, S.C.

The four-strong practice at Baker McKenzie Abogados, S.C. is held in high esteem by clients for its ‘extensive specific expertise in wealth management’, as well as for its ‘deep know-how about the Mexican reality’. Fully integrated into the firm's international network, the Mexico office offers advice on family wealth management, with a focus on cross-border tax compliance as well as pre-migration planning. Partner Jorge Narvaez Hasfura, who specialises in tax litigation, transfer pricing and indirect taxation, heads the team, which houses other notable practitioners, particularly Javier Ordoñez, ‘one of the most in-demand tax lawyers in Mexico’, who regularly advises multinational enterprises, institutional clients from the banking and finance sector, as well as families and HNWIs. Senior associate Lizette Téllez de la Vega provides key support to the practice.

Practice head(s):

Jorge Narvaez Hasfura

Testimonials

‘Its members have a strong understanding of cross-border issues; especially the interactions of the Mexican legal system with that of the United States.’

‘Extensive specific expertise in wealth management. It is not a generalised practice in tax, but in the specific subject matter. Javier Ordoñez and Jorge Narvaez-Hasfura are great professionals’

‘The team has a very deep know-how about the Mexican reality and masters very well the solutions they present to their clients. They are very quick in their analysis and add a lot of value to their client relationships.’

‘Their analytical skills are wonderful and their response is concise and very efficient.’

‘Their ability to listen and their creativity in dealing with different needs have been key issues in the development of our relationship.’

‘I have had a very good interaction with them in recent times.’

‘Javier Ordoñez’s team is exceptional, advising on all types of tax challenges for high net worth families. Javier is a lawyer of enormous strength and with a multitude of resources that enable him to provide qualified advice of the highest standard.’

‘Javier Ordoñez is one of the most in-demand tax lawyers in Mexico.’

Key clients

Swiss Life (Luxembourg)

Zedra Fund Managers

Lombard International Life Assurance Company (US)

AIVA (Uruguay)

Teton Trust Company

Work highlights

  • Assisted Swiss Life with regulatory, tax and wealth management advice in connection with life insurance offered to Mexican clients.
  • Assisted Zedra Fund Managers with tax and wealth management advice in connection with investment in guernsey fund.
  • Assisted Lombard International Life Assurance with regulatory and tax advice in connection with the Mexican insurance regulatory and tax implications related to its offering of an investment-linked insurance product (named “Catalyst”) to Mexico-resident clients.

Galicia Abogados S.C.

Boasting ‘an extraordinary knowledge of the legal framework’, as well as a considerable know-how in the area thanks to its combined strength with the firm's solid tax department, the young seven-strong practice at Galicia Abogados S.C. is a popular choice for individuals, families, family offices and trustees for advice on the legal aspects of estate planning strategies, including tax, corporate governance, real estate, wills, trusts, regulatory compliance and litigation protection. Garnering praise for its ‘exceptional human quality’, the group includes a number of key figures including Gabriela Pellón, who focuses on individuals and families regarding international investments and tax compliance, who co-leads the department with competition specialist Christian Lippert. Additional capability comes from fellow partner Federico Scheffler, who has broad expertise on all tax aspects of wealth management and estate planning. Strong associate support comes from Cecilia Díaz de Rivera and Fabiola Jiménez.

Practice head(s):

Christian Lippert; Gabriela Pellón; Eugenio Sepúlveda

Testimonials

‘Christian Lippert, Diego Valadez Cecilia Díaz de Rivera, Fabiola Jimenez, Begoña Rodriguez have an extraordinary knowledge of the legal framework and its relationship with various financial areas.’

‘Exceptional human quality, they make you feel part of a team and not a client.’

‘Proposals, solutions and plans that are adapted to your needs. They look for ways to bring the client’s wishes to fruition. Frankly, they make it a real pleasure to work with them.’