Abante and atl Capital have reached an integration agreement that marks a new milestone in the Spanish financial sector. This transaction brings together two leading and independent firms that share a common origin in AB Asesores, an aligned corporate culture, and more than two decades of parallel experience in financial advisory.
The agreement is part of the expansion strategy launched by Abante in 2019 following its strategic alliance with MAPFRE, with the aim of building Spain’s leading independent financial advisory and asset management firm.
The integration, which will take place progressively over the next two years, strengthens the group’s leadership and expands its growth capacity. As of the end of June, assets under management for both entities exceed €11 billion, and together with advisory assets, the figure surpasses €16 billion. The group serves more than 17,000 clients and has a team of over 400 professionals, 200 of whom are directly involved in investor advisory.
Geographically, the deal allows Abante to expand its presence with a new office in La Coruña and reinforce its offices in Madrid, Valencia, and Zaragoza. The integrated entity will have offices in Madrid, Barcelona, Bilbao, Pamplona, Logroño, Málaga, Seville, Valencia, Zaragoza, La Coruña, and Valladolid—thereby consolidating a national presence with strong local roots. The transaction is subject to CNMV approval.
A client-centered model
Jorge Sanz, Executive Chairman of atl Capital, will retire at the end of the year, and Guillermo Aranda, the firm’s CEO, will join Abante’s Management Committee.
Sanz highlights the strategic timing of the integration: “The partners of atl Capital have decided that the best way forward for our clients and our team is to take this next step together with Abante. The integration enables us to continue growing with a broader offering of products and services, while maintaining our principles of independence and specialization.”
He adds: “Furthermore, atl Capital professionals are joining a partnership structure within a growing independent group, which ensures continuity, career development opportunities within the group, and a shared long-term culture. As the founding partners step away from our professional activity for biographical reasons, we do so confident that the project continues in the best possible hands.”
Santiago Satrústegui, President of Abante, emphasizes the transformative nature of the project:
“With the incorporation of atl Capital, we once again demonstrate the power of like-minded, independent professionals joining forces and resources. Size and strength reinforce independence itself and expand our capabilities in product, service, and technology—always for the benefit of the client. What we are building here is truly transformative for our industry, not only because of size but because it confirms our beliefs about how to help people manage their relationship with money.”
About atl Capital
atl Capital is an independent private banking firm that offers comprehensive financial advisory services to its clients, with the goal of finding tailored investment solutions that meet both financial and life objectives.
Founded in 2003, atl Capital works with individual investors, families, and wealth structures of various profiles, offering services that include financial and estate planning, portfolio management and advisory, as well as personalized investment solutions.
With a track record of more than 20 years, atl Capital has developed a business model fully centered on the client as its core value, aiming to build long-term relationships based on proximity and 100% aligned with their life goals.
About Abante
Abante is an independent financial institution specialized in financial advisory and asset management, aligned in the long term with the interests of its clients. Founded in 2002, Abante signed a strategic alliance with MAPFRE in 2019 to create the most competitive independent advisory and asset management platform in the Spanish market. Since then, it has reached integration agreements with C2 Asesores, 360ºCorA, Dux Inversores, and Welzia.
Abante’s clients include individual investors, family and business groups, Family Offices, and institutions that require a comprehensive proposal in financial, wealth, real estate, and corporate advisory, as well as specialized, independent access to all markets and asset classes—financial, alternative, and real estate.
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