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.