SGB

What SGB does

SGB (Servicios Generales Bursátiles S.A. de C.V.) is a regulated Casa de Corredores de Bolsa (stock brokerage firm) headquartered in San Salvador, El Salvador, founded in 1992 as a founding member of the Bolsa de Valores de El Salvador. The company intermediates the buying and selling of securities for individual investors, corporate issuers, and institutional clients across local, regional (Panama), and international markets, providing access to 57 local options, 17 regional options, and 115 international options. Its core products include brokerage operations (Operaciones Bursátiles), securities issuance structuring (Estructuración de Emisiones) for corporate financing, and investment fund distribution through its subsidiary SGB Gestora de Fondos de Inversión, which manages two open-ended funds: FIARCP (short-term, $250 minimum, T+1 liquidity) and FIA180 (180-day holding period).

SGB operates a hybrid advisory and digital model. Personalized investment advisory is delivered through a team of seven licensed Corredores de Bolsa (stock brokers) including Carlos Daboub, Jessis Cruz, Zoraima Arrazola, and others, supported by the proprietary IxOS (Inversión por Objetivos) methodology that aligns portfolios with client financial objectives and risk profiles. Digital channels include the SGB Móvil mobile app and SGB en Línea online platform (servicios.sgbsal.com), both providing 24/7 portfolio access. The firm earns revenue through transaction-based commissions (percentage of trade value with $10-$100 minimums subject to IVA tax), fund distribution fees, and structuring fees for corporate bond issuances.

Ownership is closely held by the Duarte family, with Rolando Arturo Duarte Schlageter serving as Director Presidente and Ana Patricia Duarte de Maga\u00f1a as Directora Vicepresidente. SGB has received the Mejores Empresas Centroamericanas (MECA) award for four consecutive years (2022-2025) and operates under the supervision of the Banco Central de Reserva and the Superintendencia del Sistema Financiero.

Name

SGB

Legal name

Servicios Generales Bursátiles S.A. de C.V.

Website

https://sgbsal.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

SGB is a regulated El Salvadoran stock brokerage firm founded in 1992 that intermediates local, regional, and international securities trading for individual investors, corporate issuers, and institutions, and distributes its own in-house investment funds through digital platforms and licensed broker advisory.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYBPAHAOAL

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

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

Keywords

• Securities brokerage services
• Investment fund management
• Stock market intermediation
• Bond issuance structuring
• Portfolio advisory

Headquarters

HQ city

San Salvador

HQ country

El Salvador

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, Others

Revenue model

1. Securities Brokerage Commissions: SGB earns commissions on securities buy/sell transactions executed on behalf of clients in the local and international markets. Commission rates follow a percentage-based structure applied to transaction amounts, with minimum charges of $10 for amount placed and $100 for operations, subject to IVA tax.
2. Investment Fund Distribution: SGB commercializes investment funds managed by SGB Gestora de Fondos de Inversión, offering the Fondo de Inversión Abierto Rentable de Corto Plazo (FIARCP) and Fondo de Inversión Abierto Plazo 180. Revenue is generated through fund distribution fees.
3. Issuance Structuring and Advisory: SGB provides bond issuance structuring and securities registration services for companies seeking capital market financing. They accompany clients through the entire process from feasibility study to market placement, charging structuring fees for these services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

SGB (Servicios Generales Bursátiles) operates as a Casa de Corredores de Bolsa in El Salvador, providing securities brokerage intermediation across local, regional, and international markets. The firm distributes investment funds managed by its subsidiary SGB Gestora de Fondos de Inversión (FIARCP short-term and FIA180 180-day funds) and offers securities issuance structuring and advisory services for corporate clients seeking capital market financing. Digital channels include the SGB Móvil mobile app, SGB en Línea online platform, and the IxOS personalized investment strategy methodology.

Product overview

SGB (Servicios Generales Bursátiles) is a Casa de Corredores de Bolsa (stock brokerage) based in El Salvador, operating since 1992 as a founding member of the Salvadoran securities market. The core offering centers on its brokerage platform providing local, regional, and international market access for buying and selling securities (bonds, stocks, ETFs, and investment funds). The product portfolio is organized around three main pillars: (1) the SGB Casa de Corredores de Bolsa — the core brokerage service with brokerage intermediation and securities issuance structuring; (2) the IxOS (Inversión por Objetivos) investment strategy platform that personalizes investment plans based on client risk profiles; and (3) SGB Gestora de Fondos de Inversión — the fund management division managing two named investment funds (FIARCP short-term and FIA180 180-day). Client-facing digital platforms include SGB Móvil (mobile app) for 24/7 portfolio management and SGB en Línea (online platform) via servicios.sgbsal.com. The company also offers securities issuance structuring services for corporate clients seeking capital market financing.

Differentiator

Problem solved

Functional benefit

Brands

• SGB Gestora de Fondos de Inversión: Investment fund management division of SGB, offering professionally managed investment options including Fondo de Inversión Abierto Rentable de Corto Plazo and Fondo de Inversión Abierto Plazo 180.

Products and services

• SGB Casa de Corredores de Bolsa SGB's primary brokerage service providing access to local and international securities markets in El Salvador, offering intermediation for buying and selling bonds, stocks, ETFs, and other financial instruments with accompaniment from licensed stock brokers (Corredores de Bolsa). Target clients include individual investors and institutional clients.
• Operaciones Bursátiles

Named customers9 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

Integration5 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Bolsa de Valores de El Salvador (BVES)coreStrategic or Co-development PartnerSGB is a founding member of the Bolsa de Valores de El Salvador (BVES), the securities exchange that facilitates negotiations between companies seeking financing (issuers) and investors. This foundational partnership positions SGB as a key player in the Salvadoran capital markets ecosystem.
• CEDEVAL (Central de Depósito de Valores)coreStrategic or Co-development PartnerCEDEVAL is the Central Securities Depository that performs custody, transfer, compensation, settlement, and administration of securities through an electronic system. SGB works with CEDEVAL for electronic securities custody and administration, enabling paperless securities transactions for clients.
• Banco Central de Reserva de El SalvadorcoreStrategic or Co-development PartnerThe Central Bank of Reserve is the regulatory body that oversees and supervises SGB's operations as a Casa de Corredores de Bolsa. This regulatory relationship ensures SGB operates within established financial system norms and maintains investor protection standards.
• Superintendencia del Sistema Financiero (SSF)coreStrategic or Co-development PartnerThe Financial System Superintendent is the regulatory authority that authorizes and supervises SGB's securities issuance and brokerage operations. SGB coordinates with SSF for emission authorizations and ongoing regulatory compliance in all securities-related activities.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Hencorp Valores: Another major Casa de Corredores de Bolsa in El Salvador, directly competing with SGB on brokerage, fund management, and securities issuance structuring for local and regional issuers.
• Servicios y Asesoría Bursátil (SAB): Salvadoran stock brokerage firm offering similar brokerage and investment advisory services, directly competing with SGB for retail and institutional clients on the BVES.
• Valores Banagrícola: Brokerage arm of Banco Agricola, one of El Salvador's largest banks, competing with SGB in brokerage, investment funds, and securities structuring within the Salvadoran market.
• Acciones y Valores (Casa de Bolsa): Casa de Bolsa in El Salvador providing brokerage and investment fund services with comparable regulatory oversight, offering direct competition to SGB's core brokerage and fund distribution lines.

Regional players

• GBM Grupo Bursátil Mexicano: Mexican brokerage firm offering retail and institutional brokerage, fund distribution, and wealth advisory across multiple Latin American markets, comparable to SGB in product mix but with broader geographic reach.
• Casa de Bolsa Banorte: Mexican brokerage subsidiary of Grupo Financiero Banorte offering brokerage, investment funds, and securities issuance structuring, providing a relevant scale and product-mix benchmark for SGB.
• Larraín Vial: Independent Chilean brokerage and asset manager with regional operations, comparable to SGB for its brokerage intermediation, fund distribution, and corporate advisory offerings in Latin America.

Broad incumbents

• BTG Pactual: Large Latin American investment bank with brokerage, asset management, and corporate advisory across the region. Acts as a broad incumbent comparator for SGB's securities intermediation and structuring business.
• Interactive Brokers: Global online broker providing retail and institutional access to international securities, increasingly relevant as a competitive threat to SGB's international brokerage offerings for tech-savvy Salvadoran investors.
• J.P. Morgan Securities (Central America): Global bulge-bracket investment bank with active presence in Central American corporate finance, sovereign, and securities issuance, comparable to SGB for high-end issuance structuring mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sgb_sv
• Facebookfacebook.com/sgbursatiles
• LinkedInlinkedin.com/company/servicios-generales-bursatiles
• Instagraminstagram.com/sgb_sv

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about SGB