We are part of Grupo Bancolombia which has experience of more than 20 years providing advice to their clients and following international capital markets closely. We are a company specialized in capital markets and investment advisory.
Bancolombia Capital Information
Bancolombia Capital, part of the renowned Grupo Bancolombia, offers extensive financial services with over 20 years of experience in international capital markets.
They provide a large range of securities and advisory products through Bancolombia Capital, LLC, and Bancolombia Capital Advisers, LLC, both registered with the SEC. With a presence in 9 countries and over 25 million clients, they boast a robust ESG focus and solid corporate governance.
Their platform, the Bancolombia Capital Web-based Trading Platform, supports web and desktop access. However, specific fee details and promotions are not disclosed, and the interest in uninvested cash is relatively low at 1.33%.
Pros & Cons
Pros:
Bancolombia Capital boasts strong regulatory oversight from FINRA, ensuring high standards of compliance and security for investors. Their strong capital base provides stability and confidence, attracting a wide range of clients. The firm offers multiple tradable securities, including equities and indices, meeting diverse investment needs and goals.
Cons:
On the downside, Bancolombia Capital's fee structure remains uncertain, which could pose challenges for potential clients. Additionally, they lack a unique trading platform and do not offer a mobile app, which may deter users seeking more advanced or flexible trading solutions.
Is Bancolombia Capital Safe？
Regulations:
Bancolombia Capital is regulated by the Financial Industry Regulatory Authority (FINRA) in the United States. As a non-governmental organization, FINRA is dedicated to protecting investors and ensuring market integrity through rigorous regulation and technical support. Bancolombia Capital operates under this regulatory framework, holding licenses CRD#: 316232 and SEC#: 8-70822.
Funds Safety:
Client account funds at Bancolombia Capital are insured by the Securities Investor Protection Corporation (SIPC). This insurance provides coverage up to $500,000, including a $250,000 limit for cash claims. This ensures a level of financial protection for clients in case of the firm's insolvency, providing peace of mind regarding the safety of their investments.
Safety Measures:
Bancolombia Capital employs advanced encryption technologies to secure the storage of funds and safeguard user information. The firm's privacy policy outlines the use of firewalls, user authentication systems, and access control mechanisms to protect non-public personal information. Additionally, Bancolombia Capital enforces strict procedural safeguards and limits access to personal information to authorized employees only, further ensuring the security and confidentiality of client data.
What are securities to trade with Bancolombia Capital？
At Bancolombia Capital, the available securities for trading include:
- Fixed Income Securities: These allow investors to invest in a variety of products with different currencies, rates, and terms to generate interest income.
- Equities: Bancolombia Capital offers a wide range of equities from various issuers, providing liquidity and the ability to diversify investment portfolios.
- Mutual Funds: These provide additional investment alternatives for portfolio diversification.
Services
Bancolombia Capital offers a large range of services designed to meet the diverse needs of investors:
- Managed Accounts: This service allows investors to focus on personal endeavors while Bancolombia Capital manages their investment portfolios, aiming to protect capital and seek profitability.
- Margin Services: Provides the option for investors to borrow against the value of securities in their brokerage accounts for the purpose of purchasing more securities or meeting short-term liquidity needs.
- Loan Advances: Offers short-term financing solutions, leveraging securities in the portfolio as collateral.
- Self-Directed Accounts: Allows investors to make their own trading decisions without advisor intervention, giving them full control over their investment choices.
- Custody Services: Ensures the safekeeping of securities, mitigating the risk of loss or theft.
- Asset Movement: Facilitates the transfer of assets between accounts or institutions, ensuring smooth and secure transactions.
- Corestone Account: A specialized account that may offer a range of financial management features tailored to individual investment strategies.
Bancolombia Capital Fee Review
The fee structure for Bancolombia Capital LLC (BCC) and Bancolombia Capital Advisers LLC (BCA) includes a variety of fees that satisfy different aspects of their services:
- Brokerage Services (BCC):
- Commissions: Charged on each transaction whenever a client buys or sells a security. The frequency of transactions directly impacts the total commissions incurred, as more trades lead to higher commission costs.
- Markup/Markdown: BCC applies a markup when selling securities to clients and a markdown when buying securities from clients, affecting the transaction cost.
- Additional Fees: Include custodian fees, service fees, account maintenance fees, and fees related to mutual funds or alternative investments. These can vary based on the specific activities and services utilized within the brokerage account.
- Investment Advisory Services (BCA):
- Management Fees: These are typically based on a percentage of the total assets under management within an account. The annual management fees range from 0.40% to 3% of the net asset value, and rates are negotiable.
- Wrap Fee Program: This program combines brokerage commissions and transaction charges into one bundled fee. This can sometimes result in higher overall fees if the advisory cannot negotiate lower commission rates or explore other execution venues.
- Performance Fees: BCA charges up to 20% of a client's account performance as agreed upon in the advisory agreement, creating an incentive to increase the assets in the account.
- Other Costs:
- Third-Party Charges: Not covered by the Wrap Fee Program, these can include charges imposed by custodians, brokers, and other third parties, such as wire transfer fees and electronic fund fees.
- Transactional and Product-Level Fees: Related to specific investments within the portfolio.
Customer Support
Bancolombia Capital provides customer support for its clients. Their office is located at 1221 Brickell Avenue, Suite 2010, Miami, FL 33131.
Clients can contact their representatives and advisors via email at info@bancolombiacapital.com or by phone at +1 786-551-9122. The office is open from Monday to Friday, 9:00 am to 5:00 pm, ensuring availability during standard business hours to assist with any inquiries or support needs related to their securities and advisory services.
Conclusion
Bancolombia Capital, with its suite of brokerage and investment advisory services, operates under the stringent regulations of the SEC and FINRA.
Located in Miami, the firm offers a diverse range of financial products including equities, bonds, and mutual funds, tailored to meet the needs of both retail and institutional clients.
Their dedication to client service is supported by knowledgeable representatives and advisors available during business hours, providing both security and assistance tailored to individual financial goals.
FAQs
- What type of products does Bancolombia Capital offer？
- Bancolombia Capital offers a range of securities products including stocks, bonds, mutual funds, ETFs, options, and alternative products.
- How can I contact Bancolombia Capital for support？
- You can contact them via email at info@bancolombiacapital.com or by phone at +1 786-551-9122.
- Are my investments safe with Bancolombia Capital？
- Yes, investments are protected up to certain limits by the SIPC, and the firm adheres to strict regulatory standards set by the SEC and FINRA.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
