The reputed wealth management practice at full-service firm Basham, Ringe y Correa, S.C. has a 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. Department-head, Victor Barajas, has over 20 years of experience in tax and private clients' work, and is particularly strong in structuring wealth matters, the repatriation of funds, asset protection and corporate governance. He leads a team of 13 which includes noted practitioners Daniel Del Rio, who heads the firm's M&A department; and tax expert Alejandro Barrera, who is praised for his sophisticated approach to estate and tax planning.
Wealth management in Mexico
Ten-strong, Sánchez Devanny's ‘sophisticated team’ has ‘deep knowledge and experience in the field’ of wealth management. Prominent practice members include: 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 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.
‘They always have the right answer for complicated situations or cases. Abel Mejia and Ricardo León are excellent people, with very special human qualities, very empathetic and close to the clients. They are very well connected in Mexico and have a very recognized international experience.‘
‘Excellent sophisticated team, highly integrated and very dedicated to the private client sector.’
‘Deep knowledge and experience in the field.’
‘They have a high technical level but always with a practical view, taking into account the real needs of the customer.’
- Assisted a significant family holding from Monterrey in restructuring its domestic and offshore holding vehicles, involving over $100m.
- Assisted a Family office for one of the most prominent families in the public transportation industry with the design and establishment of a Cayman Islands trust to raise and operate over $300m in financial assets and private equity investments.
- Undertook the design and implementation of the set-up of multiple US affiliates for a family-owned Mexican business operating in the tele-customer support business, for initiating operations in the US.
Galicia Abogados S.C.'s wealth management practice, although young, has amassed considerable know-how in the area thanks to it's combined strength with the firm's solid tax department. The seven-strong team regularly advises individuals, families, family offices and trustees on the legal aspects of estate planning strategies, including tax, corporate governance, real estate, wills, trusts, regulatory compliance and litigation protection. Partners Gabriela Pellón, who focuses on individuals and families regarding international investments and tax compliance, 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.