Our clients are mostly individuals, though we also assist corporations. We are specialized as asset managers for families and individuals and, because this is a business based on confidence, we are focused on building a close relationship with our clients. We have been in the market for 41 years, and our clients know our history and values. Our purpose is to advise and make the best decisions for our clients taking into consideration their objectives and needs. Mercado de Valores also has the capacity and experience to help protect foreign investors' interests in Costa Rica. We can provide an analysis of their needs and investments related to their sector of interest and help companies get established in the country. If they require financial advice they can count on us to understand and find the best alternatives.
Cristina Masis C.
CEO, Mercado de Valores
Diego Soto Solera
General Manager, Acobo Vista
In recent years, we have been growing 20% annually, and our core business includes intensive financial analysis, managing and advising our client portfolios, and managing investment funds. Our financial and economic analysis department is one of the firm's major strengths. We feed information to our clients, and that, along with our personalized advisory services, has become a key differentiator for Acobo. Our core business vertebrae are real estate investment funds and brokerage services. We also have a small fiduciary company that complements our clients' core business. Many of our clients are concerned with inheritance issues, and this fiduciary company manages those operations. The rest of the market has started to focus on real estate investment funds and has overlooked financial funds. Right now, we are doing something different; we have started to regionalize our fund. We see ourselves as a regional company, and by the second half of 2018, we will hopefully be trading in every Central American country.
Co-founder, Carao Ventures
Costa Rica does not have any natural resources that afford the start-up industry supplemental support from those revenues. This has forced Costa Rica to think big. However, the government is not focused on creating the conditions for start-ups, like it did for other economic aspects in the 1980s and 1990s. It also needs to maintain its focus on the future because this is done via innovation, which is through start-up entrepreneurs. The next government in 2018 will have the major challenge of going back to the drawing board to create the conditions for the next motor of growth for the country. It must develop a roadmap for the future as it relates to innovation. In addition, we must address the issue of supply in our universities and schools. The worst-case scenario is that Costa Rica remains in this nirvana of Pura Vida.
Oscar Luis Chaves
President, Grupo Bursatil Aldesa
We have a stock market seat, and we offer the traditional range of investments in the liquidity markets. In 1990, we founded a funds management company and since then offered some traditional vanilla funds. In 2000, we set up an investment banking unit, which is where we see the biggest opportunities for development and creativity. In investment banking, we can be creative and develop our market and our future. In the long term, we will have new ventures in the securities segment. Aldesa has started a new company called Aldesa Securitization Company that will change the industry with new offerings. Companies will consider the possibility of issuing securities. Initially, we expect the market to grow USD100 million each year. Aldesa will also continue in the energy sector, as this is a great opportunity for us. We will develop and finance renewable energy for housing through a package of technological products in a new type of investment vehicle.