California-based Fairbridge Capital Partners has acquired Puerto Rico brokerage firm
Consultiva Securities.

Consultiva Securities services an institutional client base
including governments, foundations, endowments, corporations and pensions
plans, as well as a network of high net worth individuals and families.

The seller was the parent company, Consultiva Internacional,
whose focus will continue to be institutional and high net worth financial
advisory and consulting.

The broker-dealer will operate as Fairbridge Capital Markets
and the transaction includes a servicing agreement to provide brokerage
services to Consultiva Internacional.

Puerto Rico recently passed several tax incentives designed
to attract hedge funds, private equity and billionaires to the US
territory.

“These programs have gained the interest of many market
professionals including John Paulson who is rumored to be considering
relocating,” Fairbridge said.

Fairbridge Capital Markets will continue to maintain its
headquarters in Puerto Rico, while adding offices in Newport
Beach, CA, and Chicago, IL.