Assessment
A review of asset allocation, risks, costs, liquidity, taxation and the purpose of each position.
An investment portfolio designed for you.
Not for your bank.
Independent financial advice for business owners, professionals and families who want to organise their wealth, control costs and make better investment decisions.
23+ yearsin financial services
17+ yearsadvising private clients
100%of clients continue to trust my advice
Barcelonaserving clients across Spain
01 · Approach
Independence translated into concrete decisions.
I do not sell proprietary products or work for a custodian. I analyse wealth from the client's perspective and coordinate recommendations with the institutions where the client already holds their accounts.
Design
A clear strategy tailored to your objectives and built with efficient instruments.
Monitoring
Regular monitoring, documented recommendations and coordination with your banks.
02 · Services
Solutions to real wealth challenges, not product catalogues.
Portfolio second opinion
Identifying costs, duplication, concentration and risks that are not always apparent on a bank statement.
Portfolio construction
Asset allocation and the selection of equities, bonds and ETFs, each with a clear role within the portfolio.
Wealth in transition
Planning after the sale of a business, an inheritance, retirement, compensation payment or a significant increase in liquidity.
Integrated wealth perspective
Coordination with Muñoz & Pardo's tax and legal specialists when a decision requires several perspectives.
03 · Who it is for
When wealth requires judgement, time and ongoing attention.
The service is primarily designed for individuals and companies with financial assets of €500,000 or more, and is particularly suitable from €1 million.
- Business owners and professionals with accumulated financial wealth
- Families with portfolios spread across several institutions
- Investors who want to understand their investment plan and how it is implemented
- People seeking an ongoing relationship, rather than a one-off recommendation
04 · Profile
Juan Muñoz Yeregui
Official CNMV register National Financial Advisory Firm No. 28 Registered since 12 January 2024 · View official record ↗More than two decades of experience at Barclays Bank, CaixaBank and Deloitte, primarily in Corporate Banking and Corporate Finance. Degree in Business Administration and Management and an MBA from ESADE.
05 · Frequently asked questions
Clear answers before we begin.
What is an EAFN and how does it differ from a bank?
A National Financial Advisory Firm (EAFN) is an entity registered with and supervised by the CNMV whose sole activity is investment advice. Unlike a bank, it neither sells proprietary products nor holds investments in custody: it analyses and makes recommendations, coordinating with the institution where you already hold your accounts.
Is there a minimum level of wealth for financial advice?
The service is primarily designed for financial assets of €500,000 or more, and is particularly suitable from €1 million.
Do you work with clients outside Barcelona?
Yes. Although I am based in Barcelona, I serve clients throughout Spain, with in-person or video meetings as appropriate.
I can assess the wealth-planning needs of individuals and families who are not resident in Spain and, where legally permitted, provide non-regulated consulting services such as wealth organisation, information consolidation or coordination with local advisers. The EAFN does not provide investment advice outside Spain; each engagement is defined in accordance with the applicable regulations.
What is the cost of Financial Advice?
My fee structure is designed to align my interests with those of my clients:
- Performance fee: 10% of the annual increase in wealth generated, subject to a high-water mark.1
- Fixed fee: 0.10%–0.30% of the value of assets advised.
This total cost of advice (1+2) is substantially lower than the total cost of the advice and/or management provided by financial institutions + fund management companies.
1 The high-water mark means that the performance fee only applies when the portfolio exceeds its previous peak: recovering earlier losses does not generate a second fee.The fees detailed above exclude VAT.
06 · Initial conversation
Before changing your portfolio, you need to understand it.
An initial conversation lets us assess, without obligation, whether an independent review could be useful to you.