Stavis, Margolis Advisory Services, Inc. Announces Name Change to BBVA Wealth Solutions
December 15 2009 - 1:39PM
PR Newswire (US)
Change aligns registered investment advisory firm with highly
recognized international financial services provider - BBVA Group
HOUSTON, Dec. 15 /PRNewswire-FirstCall/ -- BBVA Compass announced
that effective December 14, 2009, its wholly owned subsidiary,
Stavis, Margolis Advisory Services, Inc., changed its name to BBVA
Wealth Solutions. BBVA Compass acquired the registered investment
advisory firm in 2005. The rebranding to BBVA Wealth Solutions not
only reflects the firm's relationship with BBVA Compass and the
BBVA Group, but also signifies the stability, innovation and
customer focus that being part of a 150 year-old, worldwide
financial services group provides. "This name change further aligns
the BBVA Compass franchise while bringing a highly recognized,
global brand to the financial planning arm of our company," said
Manolo Sanchez, BBVA Compass president and chief executive officer.
"Their focus on providing sound financial advice and responsive
service to their clients meshes perfectly with BBVA Compass'
customer-centric business model." "Bringing BBVA into our name is a
natural step in our evolution," said Rick Terry, BBVA Wealth
Solutions chief executive officer. "It is important for our clients
to know that we have the financial strength of a worldwide company
behind us, enabling us to offer local expertise coupled with global
capabilities. At the same time, our overall strategy is to continue
to focus on the importance of providing sound financial and
investment advice to our clients and the enhancement of our culture
of responsiveness to their needs." Founded in 1996, Stavis,
Margolis Advisory Services, Inc. is one of the most respected
financial planning and investment advisory firms in Houston.
Dedicated to offering proven investment strategies to meet the
desired objectives of their clients, the financial advisors of
Stavis, Margolis are tasked with being knowledgeable about
investment, retirement, estate planning and business succession
planning. The advisors of Stavis, Margolis have a thorough
understanding of the various products and services available to
their clients, which strengthens their ability to offer clients the
most sophisticated advice, tailored to provide a customized
solution to each unique financial situation. ABOUT BBVA COMPASS
BBVA Compass is a Sunbelt-based financial institution that operates
748 branches including 410 in Texas, 92 in Alabama, 66 in
California, 77 in Arizona, 45 in Florida, 36 in Colorado and 22 in
New Mexico. BBVA Compass is the 15th largest U.S. commercial bank
based on deposit market share and ranks among the largest banks in
Texas (4th), Alabama (3rd) and Arizona (5th). Additional
information concerning BBVA Compass can be found on our website at
http://www.bbvacompass.com/. BBVA Compass is a subsidiary of
Compass Bancshares, Inc., a wholly owned subsidiary of BBVA
(NYSE:BBVA) (MAD: BBVA). BBVA is a financial services group with
more than $785 billion in total assets, 48 million clients, 7,600
branches and approximately 105,000 employees in more than 30
countries. BBVA ranks among the top seven largest financial
institutions in the world based on market capitalization and 20th
in Global Finance magazine's list of the "World's 50 Safest Banks"
for 2009. BBVA provides its customers around the world with a full
range of financial services, including commercial and wholesale
banking, retail banking services, consumer loans, mortgages, credit
cards, securities brokerage, wealth management, pension plan
management and insurance. The BBVA Group maintains a leadership
position in Spain, Mexico, Latin America and the Sunbelt Region of
the United States as well as operations in China, France, Germany,
Hong Kong, Italy, Japan, Singapore, Switzerland, and the United
Kingdom. Editor's note: BBVA Compass is a trade name of Compass
Bank and a trademark of Compass Bancshares, Inc. DATASOURCE: BBVA
Compass CONTACT: Ed Bilek, External Communications of BBVA Compass,
+1-205-297-3331, Web Site: http://www.bbvacompass.com/
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