Latest news:

MAPFRE Gestión Patrimonial launches offensive to attract 12,000 clients

Feb 23, 2023

Redacción Mapfre

MAPFRE Gestión Profesional (MGP), MAPFRE’s specialist unit offering professional financial advice to clients, takes a new step forward in its wealth management strategy through the promotion of cross-selling of advisory services among the Group's more than 7.4 million policyholders. MGP had 12,000 clients at the end of 2022, up 20% on the previous year. Assets under advisement amount to 1.4 billion euros, a year-on-year increase of 5%, in spite of the difficult market environment experienced last year.

This week, several of Spain’s principal economic and financial media outlets commented on this MGP strategy, at the same time as the Palma de Mallorca office was officially opened, bringing the number of offices to 10 nationwide. Spain’s leading business journal, Expansión, highlighted that this strategy could double client numbers to 24,000, with the aim of increasing the investor portfolio by at least 20%.

For its part, El Confidencial noted that to achieve this goal, the firm plans to boost the number of financial agents to 200 from the 170 it currently has in place.

The average assets of MGP clients are around 80,000 euros, more than triple the level of 25,000 euros for the rest of the insurer's networks, according to El Economista, who also referenced the 5% increase in assets under advisement recorded last year.

Likewise, the Balearic Islands newspaper Última Hora pointed out the 730 million euros in net advisement inflows registered last year.

MGP Balearic Islands Economic Forum

This announcement coincided with the MGP Baleares Economic Forum and the opening of a new office in the region. MAPFRE's group chief investment officer, José Luis Jiménez, recommended sticking with products offering guaranteed or protected returns.

Sustainability was another of the central themes of the event, at which the participants agreed on its potential as an investment trend.

Records, risks, and reasons for caution (and optimism) in the markets

In the third quarter, U.S. equities extended their post liberation day advance, especially in the case of small caps.

How to invest with the stock market at maximums?

We are facing a high price scenario, in which questions for investors arise: Should one enter a market that is already “expensive,” or wait? Should you hold your investments, or is it time to sell? MAPFRE experts explain that being in a moment when stock markets are at record highs should not deter investment if we have a long-term outlook—the most suitable for retail investors—and good diversification.

Fed Highlights “High Prices” in Equities: Are We Facing a Bubble?

The U.S. Federal Reserve has dominated much of the economic and financial discussion in recent weeks, largely due to the debate over possible rate cuts, which were confirmed last week. On Tuesday, Chair Jerome Powell again drew attention by referring in a speech to the “fairly high” prices in U.S. equities. With Wall Street at historic highs, the question arises whether we are dealing with an equity bubble.