AV Securities

What AV Securities does

AV Securities is a privately held Panamanian broker-dealer founded in 2010 and headquartered in Panama City. It is regulated by the Superintendency of the Securities Market of Panama (SMV) under a Brokerage Firm License (Res. 63-10) and an Investment Manager License (Res. 146-17), and serves more than 2,800 clients with over $3.5 billion in assets under management. The firm positions itself as the leading independent brokerage house in Panama and operates exclusively in the domestic Panamanian market, with a relationship-led go-to-market and a small team of 11-50 employees.

The core product suite spans four lines: AV Trading (execution and follow-up of investment opportunities), AV Wealth Management (portfolio structuring), AV Funds (alternative investment funds with proprietary strategies, including the AV Total Return Fund), and AV Credit (financing throughout Latin America). The technology stack is largely partnership-driven rather than proprietary: StoneX On powers the trading website and mobile app, Addepar provides consolidated multi-custodian reporting (since April 2025), TradingView supplies charting, and nine external custodians — UBL, LOFO, Mercantil, Morgan, Santander, Euroclear, Citibank, Banco de Valores de Panama, and BYN — hold client assets. The firm is an Aspirant member of the Panama Domestic Public Debt Market Maker Program since May 2025, and leverages those credentials plus executive-driven sales for client acquisition.

Revenue is generated primarily through transaction-based commissions: up to 3% on fixed-income transactions, LIBOR 1Y+ (2%-8%) on structured products, up to 0.5% on mutual funds, up to 1% annualized on margin lending (charged monthly), up to 2% one-time on portfolio structuring, plus recurring account maintenance up to $175 per year, transfer fees, and an inactivity fee of $100. Customer segments are split between individual investors (natural persons) and corporate or legal entities, with high-net-worth individuals and institutions driving revenue and Panama's residency-by-investment program serving as a structured channel for international capital. Pricing is publicly disclosed and capped, with ITBMS (7%) charged separately on services in Panama.

Name

AV Securities

Legal name

AV Securities Inc.

Website

https://avsecurities.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

AV Securities is a privately held Panamanian broker-dealer founded in 2010, regulated by the SMV, with over $3.5 billion AUM and 2,800+ clients. It offers trading, wealth management, alternative funds, and credit services to HNW individuals and corporations in Panama and Latin America.

Ownership category

akta.pro rank

Product category

Investment Brokerage

NAICS

Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industries

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI), High-Yield Corporate Credit (FSAAAHAC), Equity-Linked Notes (ELNs) (FSACAMAC)

Keywords

• Brokerage services
• Investment management
• Wealth management
• Securities trading
• Alternative investment funds

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Commissions: Commissions on purchase/sale transactions of fixed-income and variable income securities, structured products, and mutual funds
2. Fixed-Income Securities Commission: Up to 3% of transaction amount for fixed-income securities transactions
3. Structured Products: Pricing at LIBOR 1Y+ (2% - 8%) for structured products
4. Mutual Funds: Up to 0.5% as premium or consideration for domestic and foreign mutual funds
5. Margin Lending: Up to 1.00% annualized, charged monthly on margin lending
6. Portfolio Management: Investment advisory and portfolio structure services
7. Account Maintenance and Services: Annual account maintenance fees up to $175, clearing and settlement fees, and other operational service charges

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

AV Securities is a Panamanian broker/dealer offering trading, custody, and structuring of financial products including fixed-income and variable-income securities, structured products, and mutual funds. The firm provides wealth management portfolio services, alternative investment funds (AV Funds), and credit/financing solutions (AV Credit) to individual investors and corporations in Panama, regulated by the Superintendency of Securities Market.

Product overview

AV Securities operates as a multi-product financial services platform offering four core product lines: AV Trading (self-directed investment platform), AV Wealth Management (portfolio structuring and management), AV Funds (alternative investment funds with proprietary strategies), and AV Credit (financing solutions across Latin America). The company manages client wealth through structured products with proprietary, independent strategies focused on long-term growth. The platform integrates trading capabilities via StoneX On partnership, consolidation reporting via Addepar, and market analytics via TradingView.

Differentiator

Problem solved

Functional benefit

Brands

• AV Trading: Identification, execution and follow-up of investment opportunities
• AV Wealth Management
• AV Funds
• AV Credit
• AV Total Return Fund
• AVTR

Products and services

• AV Trading Investment platform providing identification, execution, and follow-up of investment opportunities, enabling clients to trade and manage their portfolios through a web portal and mobile application.
• AV Wealth Management Portfolio structure and management service providing customized investment solutions with proprietary independent strategies and long-term vision for individual clients.
• AV Funds
• AV Credit
• AV Total Return Fund (AVTR)
• Consolidation Reporting Service Web-based consolidation and reporting service offered through Addepar partnership since April 2025, enabling creation of customized reports and visualization tailored to each client's portfolio management needs.

Quantifiable outcome

• AVTR Fund achieved 13.5% return in 2025, best among fixed income funds in Panama
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

17 partnerships are on record, tiered core and minor.

• AddeparcoreTechnology or Integration · 1 April 2025Consolidation service partnership enabling creation of reports and web visualization customized to client needs. Service offered since April 2025.
• StoneX OncoreTechnology or Integration · 1 January 2025Trading platform partnership providing website and mobile trading application capabilities for self-directed trading.
• PCM (Programa de Creadores de Mercado)coreOthersMarket Maker Program for Panama Domestic Public Debt. AV Securities is a member in Aspirant condition since May 2025.
• UBLminorOthersCustodian partner listed on website
• LOFOminorOthersCustodian partner listed on website
• Mercantil BankingminorOthersCustodian partner listed on website
• MorganminorOthersCustodian partner listed on website
• SantanderminorOthersCustodian partner listed on website
• EuroclearminorOthersCustodian partner listed on website
• CitibankminorOthersCustodian partner listed on website
• Banco de Valores de PanamaminorOthersCustodian partner listed on website
• BYNminorOthersCustodian partner listed on website
• CEPAVENminorOthersMember of Cepaven (Cámara de Comercio, Industria y Agricultura de Panamá or similar Panama business association)
• SumarseminorOthersMember of Sumarse (Panama CSR/sustainability association)
• Camara PanamaminorOthersMember of Panama Chamber of Commerce
• CCIAPminorOthersMember of CCIAP (Panama American Chamber of Commerce)
• DTCCminorOthersMember of DTCC (Depository Trust & Clearing Corporation)

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Others

• Addepar: Wealth-management technology platform serving family offices, RIAs, and private banks. Comparable in that it powers AV Securities' consolidated reporting layer; not a competitor but a vendor that increasingly competes for the same HNW reporting wallet.
• Euroclear: International central securities depository listed as a custodian partner of AV Securities. Functions as enabling infrastructure for cross-border fixed-income and equity clearing, supporting AV Securities' ability to offer international instruments to Panamanian clients.

Direct peers

• StoneX Group: US-listed global broker-dealer and execution partner of AV Securities via the StoneX On alliance. Directly comparable as a multi-asset broker serving retail and institutional clients, and AV Securities' trading platform is built on StoneX infrastructure.

Broad incumbents

• XP Inc. Brazilian retail-focused broker-dealer with growing LatAm presence, offering trading, wealth management, and proprietary funds. Comparable business model to AV Securities' hybrid self-serve + relationship platform, scaled to millions of clients.
• BTG Pactual: Latin America's largest independent investment bank, operating across asset management, brokerage, and credit. Comparable to AV Securities as a regional full-service broker-dealer with proprietary funds and wealth management, though at vastly greater scale and geographic reach.
• Santander Securities: Global bank's wealth and securities arm operating across Latin America, including Panama. Comparable in serving HNW and corporate clients with brokerage, wealth, and credit, though embedded in a much larger deposit-funded franchise.
• Citigroup Global Markets: Global universal bank listed as a custodian partner of AV Securities and competing for HNW brokerage and investment-management flows in Panama. Relevant for its balance sheet, global custody, and institutional fixed-income capabilities.
• Banco General: Largest bank in Panama and a competitor for high-net-worth client assets, brokerage flow, and fixed-income distribution. Overlaps AV Securities' HNW and corporate segments with a much broader deposit-and-lending balance sheet.

Regional players

• Credicorp Capital: Andean-region investment bank and asset manager (Credicorp group), offering brokerage, wealth, and asset management across Peru, Colombia, Chile, and Panama. Directly comparable service mix and HNW focus, but anchored outside Panama.
• Banistmo Securities: Panamanian brokerage subsidiary of Grupo Bancolombia. Operates in the same regulatory regime and competes for the same corporate and institutional fixed-income flow, though backed by a Colombian parent bank.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/av-securities-inc-
• Instagraminstagram.com/avsecurities
• Xx.com/avsecurities

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AV Securities