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Lynx Advisory PartnersCapitalCover Page
Lynx Advisory Partners LLC
CRD 326594
2655 Le Jeune RD
Suite 905
Coral Gables, FL 33134
FORM ADV PART 2A
DISCLOSURE STATEMENT
December 31, 2025
This brochure provides information about the qualifications and business practices of Lynx
Advisory Partners LLC, an investment adviser registered with the U.S. Securities & Exchange
Commission (“SEC”). Registration with the SEC or any state securities authority does not imply a
certain level of skill or training. If you have any questions about the contents of this brochure,
please contact us at (305) 772-7137 or jrg@lynx-ap.com. The information in this brochure has
not been approved or verified by the SEC or by any state securities authority. Additional
information about Lynx Advisory Partners LLC is also available on the SEC’s website at
www.adviserinfo.sec.gov. You can search this site by a unique identifying number known as a
CRD number. Lynx Advisory Partners LLC’s CRD number is 326594.
Item 2 - MATERIAL CHANGES
We have amended Item 1, Cover Page, with the new effective date of this brochure.
Item IV, Advisory Business, has been amended with the firm’s AUMs as of December 31, 2025.
This version of Part 2A of Form ADV (“Firm Brochure”) and Part 2B of Form ADV (“Supplement
Brochure”), dated December 31, 2025, is an annual brochure document. It contains information
about our business practices as well as a description of potential conflicts of interest relating to
our advisory business which could affect a client’s account with us. We are providing this
material in accordance with Rule 204-3 of the Investment Advisers Act of 1940, which requires
a registered investment adviser to provide a written disclosure statement upon entering into an
advisory relationship.
In the future, this item will discuss only specific material changes that are made to the Firm
Brochure and provide clients with a summary of such changes. We will also reference the date
of our last annual update of our brochure.
Full Brochure Available
We will provide a new version of the Firm Brochure as necessary when updates or new
information are added, at any time, without charge. To request a complete copy of our Firm
Brochure, contact us by telephone at (305) 772-7137 or by email at jrg@lynx-ap.com.
Item 3 - Table of Contents
COVER PAGE .......................................................................................................................................................... 1
ITEM 2 MATERIAL CHANGES ............................................................................................................................. 2
ITEM 3
TABLE OF CONTENTS ............................................................................................................................. 3
ITEM 4
ADVISORY BUSINESS ............................................................................................................................. 4
ITEM 5
FEES AND COMPENSATION ................................................................................................................... 5
ITEM 6
PERFORMANCE-BASED COMPENSATION & SIDE-BY-SIDE MANAGEMENT ............................................. 7
ITEM 7
TYPES OF CLIENTS ................................................................................................................................. 8
ITEM 8 METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS ................................................ 8
ITEM 9
DISCIPLINARY INFORMATION.............................................................................................................. 14
ITEM 10
OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS .......................................................... 14
ITEM 11
CODE OF ETHICS, PARTICIPATION IN CLIENT TRANSACTIONS AND PERSONAL TRADING ................. 15
ITEM 12
BROKERAGE PRACTICES .................................................................................................................. 17
ITEM 13
REVIEW OF ACCOUNTS ................................................................................................................... 18
ITEM 14
CLIENT REFERRALS AND OTHER COMPENSATION ........................................................................... 19
ITEM 15
CUSTODY ........................................................................................................................................ 19
ITEM 16
INVESTMENT DISCRETION ............................................................................................................... 19
ITEM 17
VOTING CLIENT SECURITIES............................................................................................................. 20
ITEM 18
FINANCIAL INFORMATION .............................................................................................................. 20
PRIVACY POLICY ................................................................................................................................................... 21
FORM ADV PART 2B ............................................................................................................................................. 23
Item 4 - Advisory Business
Lynx Advisory Partners LLC (“Lynx Advisory Partners” or the “Firm”) is an investment advisory
firm with its principal place of business located in Coral Gables, Florida, organized as a Delaware
limited liability company on March 22, 2023, and domesticated in Florida as a Foreign Company
on April 11, 2023. As used in this brochure, the words "we," "our," and "us" refer to Lynx
Advisory Partners and the words "you," "your," and "client" refer to you as either a client or
prospective client of our firm. Also, you may see the term "associated person" throughout this
brochure. As is used in this brochure, our associated persons refer to our officers, employees,
and all individuals providing investment advice on behalf of our firm.
The direct shareholders of Lynx Advisory Partners are Jorge Rossell, who also serves as the
Firm’s Principal and Chief Compliance Officer (“CCO”), Ernesto del Rio, Carlos Maldonado and
Miguel Gonzalez de Castilla. More information about our related persons is found in Item 10,
Other Financial Industry Activities and Affiliations.
A.
SERVICES
Lynx Advisory Partners offers discretionary and non-discretionary investment advisory services
for domestic and foreign high net worth individuals, trusts, family offices and institutions
through separately managed accounts (each a “Client” and collectively the “Clients”). Every
Client sign an investment advisory agreement (“Agreement”), setting forth the relevant terms
and conditions of the advisory relationship with us. Clients may impose reasonable restrictions
on investing in certain securities, types of securities or industry sectors. Lynx Advisory Partners
customizes the nature and scope of its services based on a particular Client’s current and
anticipated financial condition, risk tolerance and goals, and these services may include
consulting on portfolio construction, investment opportunities, hedging of existing assets
and/or such other advisory services as Lynx Advisory Partners and such Client may agree.
Information provided by the Client is also collected during meetings, interviews and/or by
completing questionnaires. Lynx Advisory Partners will work with each Client to establish an
appropriate investment profile. After defining the Client’s appropriate investment profile, the
investment strategy is implemented through a combination of investment products.
For non-discretionary Clients, we provide research, advice and recommendations. However,
you must provide specific consent prior to each transaction. If we enter into a non-discretionary
arrangement with you, you have an unrestricted right to decline to implement any advice
provided by our Firm.
Within the discretionary portfolio management, Lynx Advisory Partners will define the Client’s
appropriate investment strategy, based on the client’s investment profile and objectives. More
information about investment strategies is found in Item 8.
In accordance with the Agreement, the Client grants the Adviser full discretionary authority to
invest, reinvest and otherwise deal with the allocated assets in their discretion, including
without limitation the authority to select, allocate and reallocate the assets in your account,
when the Adviser deems it appropriate and without prior consultation with you to buy, sell,
convert and otherwise trade in any security for the allocated assets. The Adviser works with a
disciplined and systematic investment decision process. The approach is built upon financial
market analysis and an economic scenario defined by the Adviser. Fundamental and technical
analysis is used to identify investments for recommendations that are suitable and have a
reasonable basis for recommendations.
The advisory agreement entered by Lynx Advisory Partners shall be in accordance with the
requirements of the Advisers Act and other applicable federal and state law.
include
implementation of
Additional services
investment recommendations, quarterly
portfolio evaluations, consultation, and assistance with the implementation of suggested
planning strategies.
In conjunction with the implementation of your financial plan and/or the management of your
account through our managed account program and/or we refer you to use the services of
unaffiliated, Third Party Money Managers ("TPMMs"), whose services are described in their
respective Form ADV Disclosure Brochures (only for US-based advisors registered with the SEC
and or the appropriate State(s)). We will determine which programs and strategies are most
appropriate for you, based upon your individual circumstances, needs, and investment
objectives, and as described below, exercise discretion in hiring and firing TPMMs for the
management of your account's assets. You will also be provided with the TPMM's Form ADV
Disclosure brochure (if applicable).
ASSETS UNDER MANAGEMENT
Lynx Advisory Partners has approximately $221 million in AUMs as of December 31, 2025.
Item 5 - Fees and Compensation
DESCRIPTION OF COMPENSATION AND BASIC FEE SCHEDULE
Lynx Advisory Partners generally receives asset based advisory fees. The specific manner in
which fees are charged by Lynx Advisory Partners is established in each Agreement. Advisory
fee compensation is derived as fee income based upon the percentage of assets under
management. The annualized advisory fee is based on the following fee schedules:
Client Fees
Annual Management Fee
Assets Under Management
2.00%
$200,000 to $500,000
1.75 %
$500,001 to $1,000,000
1.50 %
$1,000,001 to $3,000,000
1.00 %
$3,000,001 up to 10,000,000
Negotiable
Above $10mm
Client relationships are established and exist where the fees are lower than the Fee Schedule
provided above. The Fee Schedule above is negotiated on a case-by-case basis.
Discretionary accounts are generally managed by Third Party Portfolio Managers, selected and
engaged by Lynx Advisory Partners as sub-advisors to the client’s portfolio. Lynx Advisory
Partners will compensate TPPM directly from the advisory fee paid by the client. Please note
that some of the TPPM may be operating under Florida’s De-Minimis Exception from
Registration. Lynx Advisory Partners will always provide supervision over the activities of the
selected TPPMs.
Advisory fees are payable quarterly, in arrears, based on the daily average gross asset value of
the Account[s] during the relevant quarter or, where data is unavailable for a daily average
gross asset value calculation, then the fee calculation shall be based upon the monthly average
gross asset value of the Account[s] during the relevant quarter as reflected on the official
statements reported by the financial institutions that act as brokers and/or custodians of the
Client. Investment advisory services begin on the effective date of the Agreement. If the
Agreement for services is executed at any time other than the first day of a calendar month,
our fees will apply on a pro-rata basis. Lynx Advisory Partners can, in its discretion, waive or
reduce the management fee with respect to any Client. Our fees are also be negotiable;
therefore, arrangements with existing clients may differ. In all such cases, the relevant fees
and terms of payments will be clearly set forth in the Agreement.
We will deduct our fee directly from your designated custodial account through the qualified
custodian holding your funds and securities. We will deduct our advisory fee only when (1) you
have given our firm a written authorization permitting the fees to be paid directly from your
account and (2) the qualified custodian has agreed to deliver an account statement to you at
least quarterly. These account statements will show all the disbursements from your account,
including the amount of any advisory fees paid directly to our firm. You should review all
statements for accuracy. We will also receive a duplicate copy of your account statements.
Refer to the Brokerage Practices section below for additional disclosures.
A.
OTHER FEES AND PAYMENT OF FEES
In addition to, and exclusive of, our investment advisory fees disclosed above, you will also be
charged brokerage commissions, transaction fees, custodian fees and custodian charges, and
other costs and expenses related to your investment account and securities transactions. These
transaction charges are paid to, and retained by, the account custodian for its clearance and
execution services. We do not receive any portion of these commissions, fees, or costs.
specialty
should be aware
that
As part of our investment advisory services to you, we invest in, or recommend that you invest,
in shares of registered investment companies, Bonds, exchange traded funds ("ETFs"), hedge
such
investments. You
funds, and/or other
companies/investments typically assess a management fee to investors and, in certain cases,
may charge administrative, servicing and/or other fees, including performance fees. Any fees
paid to such companies, or their affiliates are separate and in addition to our advisory fees,
which are disclosed in a fund’s prospectus.
Clients should therefore be aware that they would be paying a higher fee on these assets. To
fully understand the total cost you will incur, you should review all the fees charged by our
Firm, mutual funds, exchange-traded funds, and others.
B.
TERMINATION POLICY
Clients can terminate their contracts without penalty within 5 business days of signing the
advisory contract. Advisory fees are withdrawn directly from the client’s accounts with client
written authorization.
C.
Selection of Other Advisers
Assets managed by TPMMs will be included in calculating our advisory fee, which is based on
the fee schedule set forth in the Portfolio Management Services section in this brochure. Sub-
Advisory fees that we pay to the TPMM are established and payable in accordance with the
sub-advisory agreement between Lynx Advisory Partners and each TPMM.
Item 6 - Performance-based Compensation & Side-by-Side Management
A.
PERFORMANCE-BASED COMPENSATION
Performance-based compensation may create an incentive for the advisor to recommend an
investment that may carry a higher degree of risk to the client.
Performance-based compensation can only be charged to the accounts of qualified clients.
A qualified client is:
(i) a natural person who, or a company that, immediately after entering into the contract
has at least $1,100,000 under the management of the investment adviser.
(ii) a natural person who, or a company that, the investment adviser entering in the
contract (and any person acting on his behalf) reasonably believes immediately prior
to entering into the contract either
a. has a net worth (together, in the case of a natural person, with assets jointly held
with a spouse) of more than $2,200,000.
b. Is a qualified purchaser as defined by the Investment Act of 1940; or
(iii) a natural person who immediately prior to entering into the Agreement is
a. an executive officer, director, trustee, general partner, or person serving in a
similar capacity, of the investment adviser; or
b. an employee of the investment adviser (other than an employee performing
solely clerical, secretarial or administrative functions with regard to the
investment adviser) who, in connection with his or her regular functions or
duties, participates in the investment activities of such investment adviser,
provided that such employee has been performing such functions and duties for
or on behalf of the investment adviser, or substantially similar functions or
duties for or on behalf of another company for at least 12 months.
B.
SIDE-BY-SIDE MANAGEMENT
“Side-by-Side Management” refers to a situation in which the same adviser manages accounts
that are billed based only on a percentage of assets under management and at the same time
manages other accounts for which fees are performance-based.
Currently, Lynx does not have Performance Fee based fees clients.
Item 7 - Types of Clients
Lynx Advisory Partners offers discretionary and non-discretionary investment advisory services
to domestic and foreign high net worth individuals, trusts, family offices, institutional and
corporate clients.
In general, we require a minimum of $200,000 to open and maintain an advisory account. At
our discretion, we waive this minimum account size. For example, we can waive the minimum if
your account is part of a large relationship, or if you will be bringing additional assets under our
management to meet our minimum.
Lynx Advisory Partners also combine account values for you and your minor children, joint
accounts with your spouse, and other types of related accounts to meet the stated minimum.
Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss
A.
INVESTMENT PROFILES
Lynx Advisory Partners has experience researching and investing in all types of securities and
asset classes, including but not limited to, cash, bank deposits, money market funds and
floating rate notes, common and preferred stocks, warrants and convertible securities,
government and corporate fixed-income securities, mutual funds and ETFs, currencies, foreign
exchange, OTC foreign exchange forwards, precious metals and alternative investments, and
exchange traded warrants, options and futures. Lynx Advisory Partners generally utilize a range
of investment strategies to implement the advice given to Clients including long-term
purchases, short-term purchases, trading, short sales, margin transactions, and option
strategies including covered options, uncovered options and spreading strategies.
Depending on the investment profile, Lynx Advisory Partners utilizes a variety of methods to
select investments or manage investment risk. For discretionary investment advisory services,
Lynx Advisory Partners will typically recommend investments for relatively long-time horizons,
often for a year or more. For non-discretionary investment advisory services, investments
selected are generally traded opportunistically over a 3 to 24-month period. However, market
developments could cause Lynx Advisory Partners to trade more often. The methods of analysis
include but are not limited to fundamental “top-down” research, macro-economic research,
identifying
and technical tools and analyses. Lynx Advisory Partners’ top-down, fundamental based
approach to investing is flexible, however, Lynx Advisory Partners will consider any factors it
believes relevant, including whether it believes a company has substantially undervalued assets
or undervalued earnings growth potential. Lynx Advisory Partners also supplements its
fundamental analysis of potential investments with an evaluation of key political and financial
market variables, nationally and internationally, in attempting to assess the level and future
direction of the financial markets, generally. In analyzing and
investment
opportunities and the markets generally, Lynx Advisory Partners relies on the talent and
experience of its investment adviser representative.
Lynx Advisory Partners uses the following investment profiles within discretionary portfolio
management. Each has an asset allocation of cash, bonds, equities and alternative investments.
Each will have an agreed minimum and maximum allocation (e.g. Income, 0-50% cash; Growth,
15-80% equities).
Conservative / Moderately Conservative
Profile intended for an investor wishing to limit variations in capital and wishing to obtain a
similar return to that of a bond portfolio. The resulting portfolio comprises for the most part
bonds and money market instruments but also a limited percentage of shares and alternative
investments. Investments are for the most part carried out in the reference currency.
Moderate
Profile intended for an investor targeting substantial growth of its assets and willing to accept
significant variations in capital. The resulting portfolio comprises money market investments,
bonds as well as a proportion of shares and alternative investments which may be predominant
in the portfolio.
Aggressive
Profile intended for an investor targeting growth of its assets and willing to accept variations in
capital. The resulting portfolio comprises bonds, money market instruments, as well as a
significant proportion of shares and alternative investments. The investments are essentially
carried out in the reference currency.
Speculative
Profile intended for an investor targeting major growth of its assets and willing to accept
extremely high variations in capital. The resulting portfolio comprises mostly shares with a
limited percentage of bonds and cash.
B.
MATERIAL RISKS OF METHODS OF ANALYSIS AND INVESTMENT STRATEGIES
These investment styles, methods, strategies, and investment involve risk of loss of your
investment. You should be aware that past performance of any security is not necessarily
indicative of future results. Therefore, you should not assume that the future performance of
any specific investment or investment strategy will be profitable. Lynx Advisory Partners does
not provide any representation or guarantee that Client goals will be achieved. Further,
depending on the different types of investments, there may be varying degrees of risk. The
value of your investment may be affected by one or more of the following risks, any of which
could cause the portfolio’s return, the price of the portfolio’s shares or the portfolio’s yield to
fluctuate:
General Economic and Market Conditions. The success of a client’s investment account will be
affected by general economic and market conditions, such as interest rates, availability of
credit, inflation rates, economic uncertainty, changes in laws (including laws relating to taxation
of the Client’s investments), and national and international political circumstances (including
wars, terrorist acts or security operations). These factors may affect the level and volatility of
securities prices and the liquidity of the Client’s investments. Volatility or illiquidity could impair
the Client’s profitability or result in losses. The Client may maintain substantial trading positions
that can be adversely affected by the level of volatility in the financial markets, the larger the
positions, the greater the potential for loss.
Equity (Stock) Market Risk. Lynx Advisory Partners invests in equity securities. The value of
these securities generally will vary with the performance of the issuer and movements in the
equity markets. As a result, Clients may suffer losses if it invests in equity securities of issuers
whose performance diverges from Lynx Advisory Partners Capital’s expectations or if equity
markets generally move in a single direction and the Client has not hedged against such a
general move.
Fixed Income Securities Risk. Prices of fixed income securities tend to move inversely with
changes in interest rates. Typically, a rise in rates will adversely affect fixed income security
prices. The longer the effective maturity and duration of the client’s portfolio, the more the
portfolio’s value is likely to react to interest rates. For example, securities with longer
maturities sometimes offer higher yields, but are subject to greater price shifts as a result of
interest rate changes than debt securities with shorter maturities. Some fixed income securities
give the issuer the option to call, or redeem, the securities before their maturity dates. If an
issuer calls its security during a time of declining interest rates, we might have to reinvest the
proceeds in an investment offering a lower yield and therefore might not benefit from any
increase in value as a result of declining interest rates. During periods of market illiquidity or
rising interest rates, prices of callable issues are subject to increased price fluctuation.
Company Risk. There is always a certain level of company or industry specific risk when
investing in stock positions. This is referred to as an unsystematic risk and can be reduced
through appropriate diversification. There is the risk that a company may perform poorly or
that its value may be reduced based on factors specific to it or its industry (e.g., employee
strike, unfavorable media attention).
Small Cap and Mid Cap Companies Risk. Investing in the securities of small cap and mid cap
companies generally involves greater risk than investing in large, more established companies.
This greater risk is, in part, attributable to the fact that the securities of these companies
usually have more limited marketability and, therefore, may be more volatile and less liquid
than securities of larger, more established companies or the market averages in general.
Because these companies normally have fewer shares outstanding than larger companies, it
may be more difficult to buy or sell significant amounts of such shares without an unfavorable
impact on prevailing prices.
Another risk factor is that these companies often have limited product lines, markets, or
financial resources and may lack management depth. These companies are typically subject to
greater changes in earnings and business prospects than are larger, more established
companies. In addition, these companies may not be well known to the investing public, may
not be followed by the financial press or industry analysts, and may not have institutional
ownership. These factors affect the Firm’s access to information about the companies and the
stability of the markets for the companies’ securities. These companies may be more vulnerable
than large companies to adverse business or economic developments; the risk exists that the
companies will not succeed; and the prices of the companies’ shares could dramatically decline
in value.
traded on an exchange. Over-the-counter
Over-the-Counter Trading. Lynx Advisory Partners may purchase or sell instruments for a client
not
instruments, unlike exchange-traded
instruments, are two-party contracts with price and other terms negotiated by the buyer and
seller. The risk of nonperformance by the obligor on such an instrument is greater and the ease
with which the Client can dispose of or enter into closing transactions with respect to such an
instrument may be less than in the case of an exchange-traded instrument. In addition,
significant disparities may exist between the bid and asked prices for such instruments. Over-
the-counter instruments are also not subject to the same type of government regulation as
exchange-traded instruments, and many of the protections afforded to participants in a
regulated environment may not be available in connection with such transactions.
Interest Rate Risk. Changes in interest rates will affect the value of your portfolio’s investments
in fixed-income securities. Bond prices tend to fall when interest rates move up and this
decrease in value may not be offset by higher income from new investments. Interest rate risk
is generally greater for fixed-income securities with longer maturities or durations.
Credit Risk. An issuer or guarantor of a fixed-income security, or the counterparty to a
derivative or other contract, may be unable or unwilling to make timely payments of interest or
principal, or to otherwise honor its obligations. The issuer or guarantor may default causing a
loss of the full principal amount of a security. The degree of risk for a particular security may be
reflected in its credit rating. There is the possibility that the credit rating of a fixed-income
security may be downgraded after purchase, which may adversely affect the value of the
security.
Allocation Risk. The allocation of investments among different global asset classes may have a
significant effect on your portfolio’s value, when one of these asset classes is performing more
poorly than others. As positions will be periodically adjusted to reflect our view of the market
and economic conditions, there will be transactions costs which may, over time, be significant.
In addition, there is a risk that certain asset allocation decisions may not achieve the desired
results and, as a result, your portfolio may incur significant losses.
Foreign Security Risk. Investing in foreign securities involves considerations for the Client’s
account that are not applicable to investing in domestic securities, including unfavorable
changes in currency rates and exchange control regulations, the potential imposition of
restrictions on the repatriation of currency, reduced and less reliable information about issuers
and markets, less stringent accounting standards, illiquidity of securities and markets, higher
brokerage commissions and custody fees, local economic or political instability and greater
market risk in general.
Emerging Markets. A Client’s account may invest in markets outside of the United States.
Investments in emerging market securities involve a greater degree of risk than an investment
in securities of issuers based in developed countries. Among other things, emerging market
securities investments may be subject to the following risks: less publicly available information;
more volatile markets; less liquidity or available credit; political or economic instability; less
strict securities market regulation; less favorable tax or legal provisions; price controls and
other restrictive governmental actions; a greater likelihood of severe inflation; unstable
currency; war and expropriation of personal property.
Derivatives Risk. Derivatives may be illiquid, difficult to price and leveraged so that small
changes may produce disproportionate losses to your portfolio and may be subject to
counterparty risk to a greater degree than more traditional investments. Because of their
complex nature, some derivatives may not perform as intended. As a result, your portfolio may
not realize the anticipated benefits from a derivative it holds, or it may realize losses.
Derivative transactions may create investment leverage, which may increase your portfolio’s
volatility and may require your portfolio to liquidate securities when it may not be
advantageous to do so.
Liquidity Risk. Liquidity risk exists when particular investments are difficult to purchase or sell,
possibly preventing us from selling out of such illiquid securities at an advantageous price.
Derivatives and securities involving substantial market and credit risk also tend to involve
greater liquidity risk.
Investment Company and Exchange Traded Fund Risk. Some of our strategies allow for
investments in investment companies (also known as mutual funds) and exchange traded funds
(“ETF”). An investment in an investment company or ETF involves substantially the same risks
as investing directly in the underlying securities. An investment company or ETF may not
achieve its investment objective or execute its investment strategy effectively, which may
adversely affect your portfolio’s performance. Your portfolio must pay its pro-rata portion of an
investment company or ETF’s fees and expenses. Shares of a closed-end investment company
or ETF may trade at a premium or discount to the net asset value of its portfolio of securities.
Options. Both the purchasing and selling of call and put options entail risks. Although an option
buyer’s risk is limited to the amount of the purchase price of the option, an investment in an
option may be subject to greater fluctuation than an investment in the underlying securities. In
theory, an uncovered call writer’s loss is potentially unlimited, but in practice the loss is limited
by the term of existence of the call. The risk for a writer of a put option is that the price of the
underlying security may fall below the exercise price. The effectiveness of purchasing or selling
stock index options as a hedging technique depends upon the extent to which price movements
in the portion of the Client’s portfolio hedged correlate with price movements of the stock
index selected. Because the value of an index option depends upon movements in the level of
the index rather than the price of a particular stock, whether the Client’s account realizes a gain
or loss will depend upon movements in the level of stock prices in the stock market generally,
rather than movements in the price of a particular stock. Successful use by the Client’s account
of options on stock indexes depends upon the ability of Lynx Advisory Partners to predict
correctly movements in the direction of the stock market generally. This ability requires skills
and techniques different from those used in predicting changes in the price of individual stocks.
Municipal Bond Risk. Municipal securities issuers may face local economic or business
conditions (including bankruptcy) and litigation, legislation or other political events that could
have a significant effect on the ability of the municipality to make payments on the interest or
principal of its municipal bonds. In addition, because municipalities issue municipal securities to
finance similar types of projects, such as education, healthcare, transportation, infrastructure
and utility projects, conditions in those sectors can affect the overall municipal bond market.
Furthermore, changes in the financial condition of one municipality may affect the overall
municipal bond market. The municipal obligations in which clients invest will be subject to
credit risk, market risk, interest rate risk, credit spread risk, selection risk, call and redemption
risk and tax risk, and the occurrence of any one of these risks may materially and adversely
affect the value of the Client’s assets or profits.
Real Estate Related Securities Risk. Investing in real estate related securities includes, among
others, the following risks: possible declines in the value of real estate; risks related to general
and local economic conditions, including increases in the rate of inflation; possible lack of
availability of mortgage funds; overbuilding; extending vacancies of properties; increases in
competition, property taxes and operating expenses; changes in zoning laws; costs resulting
from cleanup of, and liability to third parties for damages resulting from environmental
problems; casualty or condemnation losses; uninsured damages from floods, earth quakes or
other natural disasters; limitations on and variations in rents; and changes in interest rates.
Investing in Real Estate Investment Trusts (“REITs”) involves certain unique risks in addition to
those risks associated with investing in the real estate industry in general. REITs are dependent
upon management skills, are not diversified, and are subject to heavy cash flow dependency,
default by borrowers and self-liquidation.
Management Risk. Your portfolio is subject to management risk because it is actively managed
by our investment professional, who may have responsibilities for more than one strategy. We
will apply our investment techniques and risk analyses in making investment decisions for your
portfolio, but there is no guarantee that these techniques and our judgments will produce the
intended results.
Cybersecurity Risk. With the increased use of technologies, such as the Internet, to conduct
business, the Investment Adviser, its clients, and companies the clients invest in are susceptible
to operational, information security and related risks. In general, cyber incidents can result
from deliberate attacks or unintentional events. Cyber-attacks include, but are not limited to,
gaining unauthorized access to digital systems (e.g., through “hacking” or malicious software
coding) for purposes of misappropriating assets or sensitive information, corrupting data, or
causing operational disruption. Cyber-attacks may also be carried out in a manner that does not
require gaining unauthorized access, such as causing denial-of-service attacks on websites (i.e.,
efforts to make network services unavailable to intended users). Cyber incidents affecting the
Investment Adviser and other service providers (including, but not limited to, accountants,
custodians, transfer agents and financial intermediaries) have the ability to cause disruptions
and impact business operations, potentially resulting in financial losses, interference with the
ability to calculate a Client’s new asset value, impediments to trading, the inability of investors
to transact business, violations of applicable privacy and other laws, regulatory fines, penalties,
reputational damage, reimbursement or other compensation costs, or additional compliance
costs. Similar adverse consequences could result from cyber incidents affecting companies the
Clients invest in, counterparties with which Investment Adviser engages in transactions,
governmental and other regulatory authorities, exchange and other financial market operators,
banks, brokers, dealers, insurance companies and other financial institutions (including financial
intermediaries and service providers for investors) and other parties. In addition, substantial
costs may be incurred by the companies the Clients invest in or the Client itself in order to
prevent any cyber incidents in the future. While the Client’s service providers, including
Investment Adviser, have established business continuity plans in the event of, and risk
management systems to prevent, such cyber incidents, there are inherent limitations in such
plans and systems including the possibility that certain risks have not been identified.
Furthermore, Investment Adviser and the Clients cannot control the cyber security plans and
systems put in place by its service providers or any other third parties whose operations may
affect the Clients. The Clients and its investors could be negatively impacted as a result.
involved
in Lynx Advisory Partner’s
The explanation of risks is not exhaustive but rather highlights some of the more significant
risks
investment strategy. There may be other
circumstances not described here that could adversely affect your investment and prevent your
portfolio from reaching its objective. Some risks may not be applicable to all Clients.
Item 9 - Disciplinary Information
integrity of
its management. Neither Lynx Advisory Partners nor
Lynx Advisory Partners is required to disclose whether there are legal or disciplinary events that
are material to a client’s or prospective client’s evaluation of Lynx Advisory Partners’ advisory
its
business or the
management persons have been involved in any legal or disciplinary proceedings related to
past or present investment advisory clients.
Item 10 - Other Financial Industry Activities and Affiliations
Recommendation of Other Advisers
Lynx Advisory Partners can recommend that you use a TPMM based on your needs and
suitability. We will not receive separate compensation, directly or indirectly, from TPMM for
recommending that you use their services. Moreover, we do not have any other business
relationships with the recommended TPMM(s). Refer to the Advisory Business section above
for additional disclosures on this topic.
Other Financial Industry Affiliations
Jorge Rossell, CEO of Lynx, is also a member of the Board of Managers of QTR FUND SERVICES
S.A.R.L, a Luxembourg company that serves as General Partner of QTR SCA SICAV-RAIF.
QTR SCA SICAV-RAIF is a partnership limited by shares (société en commandite par actions)
incorporated under the laws of Luxembourg, qualifying as an investment company with variable
capital (société d’investissement à capital variable) organised as a reserved alternative
investment fund (fonds d'investissement alternatif réservé) registered in the Grand Duchy of
Luxembourg on the official list of reserved alternative investment funds pursuant to the
Luxembourg law on reserved alternative investment funds of 23 July 2016 (the “2016 Law”),
with registered office at 1 Rue Jean Piret, 2350 Gare Luxembourg, L-2350, Luxembourg, Grand
Duchy of Luxembourg in the process of being registered with the Luxembourg Register of
Commerce and Companies (Registre de Commerce et des Sociétés) (the “Fund”).
Item 11 - Code of Ethics, Participation in Client Transactions and Personal
Trading
A.
CODE OF ETHICS
Lynx Advisory Partners has adopted a Code of Ethics (“Code”), pursuant to SEC Rule 204A-1,
Florida Statutes and/or Florida Administrative Code, which are designed to promote high
ethical standards, detect and address potential conflicts of interest and prevent acts prohibited
by law. The Code establishes the standard of business conduct that all Lynx Advisory Partners
employees must follow and states that Clients’ interests should always be placed ahead of any
personal interest. In addition, Lynx Advisory Partners’ Insider Trading Policy forbids any
employee of Lynx Advisory Partners from trading, either personally or on behalf of others, on
material non-public information. It also forbids communicating material non-public information
to others in violation of the law (i.e., insider trading) or in violation of fiduciary duty.
Among others, the Code requires employees to:
• Submit to the Chief Compliance Officer (“CCO”) or her designee an initial and an annual
report listing their securities holdings.
• Report personal securities transactions, other than those exempted by the Code, by the
CCO or her designee, or by other appropriate Officers of the Firm.
• Provide duplicate copies of account statements to the CCO or her designee for review
(unless a specific exemption applies).
• Not invest in IPOs without the prior approval from the CCO or her designee.
• Obtain approval from the CCO or her designee prior to investing in Private Placements
(limited offerings).
• Not effect short sales of securities.
• Comply with the federal securities laws, certifying that they have read and understand
the Code and report any violations of the Code to the CCO.
• Not trade either in their personal accounts or on behalf of Clients based on material
non-public information; and
• Not use their position for inappropriate personal benefit.
The Code also addresses outside activities of employees, restrictions on the acceptance or offer
of significant gifts and the pre-clearance and reporting of political contributions.
Employees who violate the Code and the Firm’s Compliance Manual are subject to disciplinary
action including, but not limited to, termination of employment. The Firm will provide a copy of
its Code to any Client or prospective Client, upon request made to Jorge Rossell, CCO, by phone
(305) 772-7137 or email at jrg@lynx-ap.com.
B.
PARTICIPATION OF INTEREST IN CLIENT TRANSACTIONS
Lynx Advisory Partners does not engage in principal transactions and does not conduct cross-
transactions. Accordingly, Lynx Advisory Partners in the ordinary course of business does not
compete with Clients in the market for securities. Similarly, Lynx Advisory Partners does not use
its own money to trade as a counterparty with client accounts.
Lynx Advisory Partners can cause Clients to purchase or sell securities in which Lynx Advisory
Partners and/or its supervised persons to directly or indirectly, have a position or interest, in
cases where such transactions are deemed appropriate and consistent with the relevant
Clients’ investment objectives. This may include, without limitation, causing Clients to purchase
securities that are also held by supervised persons of Lynx Advisory Partners in their own
proprietary or personal trading accounts, subject, in all cases, to compliance with Lynx Advisory
Partners’ Code of Ethics.
The Code of Ethics is designed to assure that the personal transactions, activities and interests
of Lynx Advisory Partners’ supervised persons will not interfere with Lynx Advisory Partners’
ability to make and implement investment decisions in the best interest of its clients. The Code
of Ethics requires pre-clearance of certain transactions by Lynx Advisory Partners’ supervised
persons, as well as the disclosure of outside business activities by Lynx Advisory Partners’
supervised persons and requires that the interests of Clients be placed ahead of those of Lynx
Advisory Partners supervised persons in their personal trading. Because the Code of Ethics in
some circumstances would permit Clients to invest in securities in which Lynx Advisory
Partners’ affiliated persons may have a proprietary interest, there is a possibility that such
persons could benefit from a client’s market activity in the same or a related instrument.
Employee trading is monitored under the Code of Ethics to prevent conflicts of interest
between Lynx Advisory Partners and its Clients.
Item 12 - Brokerage Practices
A.
SELECTION AND RECOMMENDATION
Lynx Advisory Partners may recommend, but does not have discretion, regarding the selection
of custodians broker-dealers for Clients nor the amount of brokerage commission and fees
paid to such broker-dealer/custodian, and this determination may be based upon, including but
not limited to, the broker's trading expertise, stature in the industry, execution ability, facilities,
clearing capabilities and financial services offered, reliability and financial responsibility, timing
and size of order and execution, difficulty of execution, operational aspects of the broker’s back
office, and custodian or other administrative services. Best execution is not measured solely by
reference to commission rates. Paying a broker a higher commission rate than another broker
might charge is permissible if the difference in cost is reasonably justified by the quality of the
brokerage services offered. We do not obligate ourselves to seek the lowest transaction
charges in all cases except to the extent that it contributes to the overall goal of obtaining the
best results for your account. Lynx Advisory Partners does not receive any economic benefits,
for example, research and access to investment consultants, from third parties, including full
service and discount brokers in connection with utilizing their brokerage services.
B.
SOFT DOLLAR BENEFITS
Lynx Advisory Partners does not use “soft dollar arrangements” to pay for other services
provided by brokers. If Lynx Advisory Partners determined to use “soft dollars,” Lynx Advisory
Partners will only enter into “soft dollar” arrangements that fall within the “safe harbor”
provided by Section 28(e) of the Securities Exchange Act of 1934, as amended. Furthermore, to
the extent that any incidental benefits (such as research) are provided to any of the Clients, and
their respective principals and affiliates and/or other accounts, it is expected that such
incidental benefits would fall within the safe harbor provisions of Section 28(e) of the 1934 Act
as if such benefits were being provided in connection with the trading of securities. These
products may include financial publications, information about particular companies and
industries, research software, and other products or services that provide lawful and
appropriate assistance to our firm in the performance of our investment decision-making
responsibilities. Such research products and services are provided to all investment advisers
that utilize the institutional services platforms of these firms and are not considered to be paid
for in soft dollars.
C.
BROKERAGE FOR CLIENT REFERRALS
Lynx Advisory Partners and its related persons currently do not receive client referrals from
broker-dealers in exchange for cash or other compensation such as brokerage services or
research.
D.
ORDER AGGREGATION
for each non-discretionary Client generally will be effected
Securities transactions
independently, unless we are able and believe it is in the best interest of those Clients to
purchase or sell the same securities for several clients at approximately the same time. In some
cases, we combine multiple orders for shares of the same securities purchased for advisory
accounts we manage (this practice is commonly referred to as "block trading"). Following a
block trade transaction, we will distribute a portion of the shares to participating accounts in a
fair and equitable manner. The distribution of the shares purchased in a block trade is typically
proportionate to the size of the account, but it is not based on account performance or the
amount or structure of management fees. Subject to our discretion regarding factual and
market conditions, when we combine orders, each participating account typically pays an
average price per share for all transactions and pays a proportionate share of all transaction
costs on any given day.
In some cases, non-discretionary accounts pay different costs than discretionary accounts pay.
If you enter into non-discretionary arrangements with our Firm, we may not be able to buy and
sell the same quantities of securities for you and you may pay higher commissions, fees, and/or
transaction costs than clients who enter into discretionary arrangements with our Firm.
Block trading for discretionary accounts will be handled in accordance with the Adviser’s policy
and procedures.
Item 13 - Review of Accounts
A.
PERIODIC REVIEWS
Lynx Advisory Partners investment adviser representatives are available to meet with Clients
upon request to discuss their accounts. We will typically meet with you either in person or
telephonically on a semi-annual basis; however, additional meetings may be provided at your
request, based on material changes in your financial condition, investment objectives or
investment restrictions.
To ensure that the Investment profile remains suitable for the Client, Clients are instructed to
promptly notify Lynx Advisory Partners of any material changes to their investment objectives
and/or financial situation. As most Client Accounts are managed in a similar manner according
to the model or investment profile selected by the Client, Lynx Advisory Partners periodically
investment strategies, portfolio managers
reviews model composition, funds available,
available to assure that the model or investment profile satisfies the Client’s investment profile,
including the Client’s investment objectives and risk tolerance.
B.
INTERMITTENT REVIEW FACTORS
In addition to periodic review, Lynx Advisory Partnersmay perform reviews as it deems
appropriate or otherwise required. More frequent reviews may be triggered by significant
changes in variables such as the Client’s individual circumstances or the market, political, or
economic environment. Other events that may trigger a review include asset allocation
imbalances or significant investment strategy changes. Lynx Advisory Partners relies upon
various tools and proprietary research to identify these triggers.
C.
CLIENT REPORTS
Clients will receive statements at least on a quarterly basis from their qualified custodian.
Item 14 - Client Referrals and Other Compensation
A. ECONOMIC BENEFITS FROM OTHERS
Lynx Advisory Partners and its related persons do not receive an economic benefit (such as
sales awards or other prizes) from any third party for providing investment advice or other
advisory services to its clients. Lynx Advisory Partners does not directly or indirectly
compensate affiliate or unaffiliated persons for client referrals.
B. COMPENSATION TO UNAFFILIATED THIRD PARTIES
Lynx Advisory Partners and its related persons currently have three promoter agreements with
unaffiliated third parties in order to market the firm or its investment strategies. Lynx Advisory
Partners provides compensation to third parties for Client referrals. Lynx Advisory Partners
compensates for referrals based upon the assets under management on a quarterly basis. A
prospective client solicited by a third party will be advised of any such arrangement, including
the receipt of fees.
Item 15 - Custody
Custody by investment advisers means holding client funds or securities, directly or indirectly,
or having authority to obtain possession of them. Pursuant to Rule 206(4)-2, Lynx Advisory
Partners does not maintain physical custody of its clients’ assets. Client assets are typically held
by a qualified custodian, including but not limited to Pershing LLC, Banco Santander
International, Interactive Brokers, and Morgan Stanley, among others, pursuant to a separate
custody agreement.
Lynx Advisory Partners ensures that Clients receive statements concerning their portfolios from
their qualified custodians, at least quarterly. Client accounts are also maintained in the client’s
name. Clients will provide Lynx Advisory Partners with written authorization allowing Lynx
Advisory Partners to directly deduct advisory fees from the account held with the qualified
custodian. Lynx Advisory Partners will utilize the safeguards discussed above to ensure client
assets are protected.
Item 16 - Investment Discretion
As described in Item 4, Lynx Advisory Partners provides both discretionary and non-
discretionary investment advisory services. For discretionary mandates, Lynx Advisory Partners
and the Client execute an Agreement authorizing Lynx Advisory Partners to act on behalf of the
account. Execution of such Agreement authorizes Lynx Advisory Partners to supervise and
direct the investment and reinvestment of assets in the Client’s account on the Client’s behalf
and at the Client’s risk.
investment objectives, guidelines, and/or
You may grant our firm discretion over the selection and amount of securities to be purchased
or sold for your account(s), the broker or dealer to be used for each transaction, and over the
commission rates to be paid without obtaining your consent or approval prior to each
impose certain
transaction. You may specify
conditions or investment parameters for your account(s).
If you enter into non-discretionary arrangements with our firm, we will obtain your approval
prior to the execution of any transactions for your account(s). You have an unrestricted right to
decline to implement any advice provided by our firm on a non-discretionary basis.
Item 17 - Voting Client Securities
Lynx Advisory Partners does not vote proxies with respect to securities recommended by Lynx
Advisory Partners. Lynx Advisory Partners will not be required to take any action or render any
advice with respect to the voting of proxies solicited by or with respect to the issuers of
securities in which assets of the Client account may be invested from time to time. Clients
receive proxies and other solicitations directly from their custodian or transfer agents and
retain the responsibility for voting proxies for any and all financial instruments.
Although we do not vote proxies, we may answer general questions that you may have
regarding the proxy voting materials that you receive. However, the final decision of how to
vote the proxy rests solely with you.
Item 18 - Financial Information
A.
BALANCE SHEET REQUIREMENT
A balance sheet is not required because Lynx Advisory Partners does not require prepayment of
fees, six (6) months or more in advance.
B.
FINANCIAL CONDITION
Lynx Advisory Partners is not presently aware of any financial condition that is reasonably likely
to impair our ability to meet contractual commitments to our clients.
C.
BANKRUPTCY PETITION
Lynx Advisory Partners has not been the subject of a bankruptcy petition at any time during the
last 10 years.
PRIVACY POLICY
Maintaining the trust and confidence of our clients is a high priority. That is why we want you
to understand how we protect your privacy when we collect and use information about you,
and the steps that we take to safeguard that information. This notice is provided to you on
behalf of Lynx Advisory Partners LLC.
Information We Collect: Lynx Advisory Partners LLC does not disclose nonpublic personal
information about its clients or former clients to any persons other than as described below. In
connection with providing investment advice and other services, we obtain non-public personal
information about you, including:
•
Information we receive from discussions with you or from documents you may deliver
(account applications), such as your name, address, date of birth, Social Security
Number, occupation, financial goals, assets, and income.
• Account transactions and wire transfer instructions.
•
•
Information about your transactions with us, or others; and
Information received from credit or service bureaus or other third parties, such as your
credit history or employment status.
Categories of Information We Disclose: We may disclose information that we collect in
accordance with this policy in order to service client accounts and effect client transactions.
Lynx Advisory Partners LLC does not sell customer lists and will not sell your name to
telemarketers.
Categories of Parties to Whom We Disclose: We will not disclose information regarding you or
your account with us, except under the following circumstances:
• To affiliates and/or entities that perform services for us or function on our behalf,
including financial service providers, such as a clearing broker-dealer, investment
company, or insurance company;
• To consumer reporting agencies,
• To third parties who perform services or marketing on our behalf;
• To your attorney, trustee or anyone else who represents you in a fiduciary capacity;
• To our attorneys, accountants, consultants and auditors; and
• To government entities, self-regulatory organizations, or other third parties in response
to subpoenas or other legal process as required by law or to comply with regulatory
inquiries.
How We Use Information: Information may be used among companies that perform support
services for us, such as data processors, technical systems consultants and programmers, or
companies that help us market products and services to you for a number of purposes, such as:
• To protect your accounts from unauthorized access or identity theft.
• To process your requests such as securities purchases and sales.
• To establish or maintain an account with an unaffiliated third party, such as a clearing
broker-dealer providing services to you and/or Lynx Advisory Partners LLC.
• To service your accounts, such as by issuing checks and account statements.
• To comply with Federal, State, and Self-Regulatory Organization requirements.
• To keep you informed about financial services of interest to you.
Our Security Policy: To protect your personal information from unauthorized access and use,
we maintain physical, electronic, and procedural security measures to safeguard confidential
client information. These measures include computer safeguards and secured files and
buildings.
Closed or Inactive Accounts: If you decide to close your account(s) or become an inactive client,
our Privacy Policy will continue to apply to you.
Complaint Notification: Please direct complaints to: Compliance Department at Lynx Advisory
Partners LLC, 2655 Le Jeune Rd., Suite 905 Coral Gables, FL 33134; Phone (305) 772-7137.
Changes to This Privacy Policy: If we make any substantial changes in the way we use or
disseminate confidential information, we will notify you. If you have any questions concerning
this Privacy Policy, please contact us at Lynx Advisory Partners LLC. Phone (305) 772-7137.
FORM ADV PART 2B
Lynx Advisory Partners LLC
BROCHURE SUPPLEMENT
December 31, 2025
JORGE ROSSELL
2655 LE JEUNE RD.
SUITE 905
CORAL GABLES, FL 33134
(305) 772-7137
This Brochure Supplement provides information about the qualifications of Jorge Rossell,
Managing Director of Lynx Advisory Partners LLC. (“Lynx Advisory Partners” or the “Firm”) that
supplements the Firm’s brochure. Any questions about the contents of this brochure should be
directed to the Chief Compliance Officer at (305) 772-7137.
Additional information about the Firm’s Investment Adviser Representatives is available on the
SEC’s website at www.adviserinfo.sec.gov. The site is searchable by a unique identifying
number known as a CRD number. Jorge Rossell’s CRD number is 7396591.
JORGE ROSSELL
CRD No. 7396591
Year of Birth: 1971
ITEM 2 - EDUCATION AND BUSINESS EXPERIENCE
Since June 2021 until February 2023, Mr. Rossell was the CEO of Ceres Global Advisory Inc., a
registered investment adviser based in Miami, FL.
Since February 2019 until March 2020, Mr. Rossell was the Head of International Private
Banking at Grupo Santander, being responsible for the private banking business in the US,
serving as the President & CEO of Banco Santander International in Miami and also overseeing
the operations in Switzerland and Bahamas managing a total business volume and assets under
management around US$50 bn and more than 800 employees.
Rossell joined Grupo Santander right after undertaking the negotiation and sale of TotalBank to
City National Bank, a local competitor subsidiary of the Chilean BCI Financial Group.
Between Nov 2007 and June 2018 Rossell served as the Chairman of the Board & CEO of
TotalBank, a Florida State Chartered Commercial bank based in Miami fully owned subsidiary of
Banco Popular Español, S.A.
Under Rossell’s responsibilities, as the Head of the Americas for the Group, was also the
management of all the business from the Representative Offices located in Mexico, Chile,
Argentina, Brazil (Sao Paulo and Rio de Janeiro) and the Dominican Republic, with more than
US$1.5Bn in deposits and assets under management.
Between 2002 and 2007, before taking up his position in the United States, Rossell was the
Head of Grupo Banco Popular’s Wholesale Banking Division, which included the Corporate &
Investment Banking Division and Debt Capital Markets (corporate finance, acquisitions, project
finance and structured finance).
Additionally, he was the Managing Director of Popular de Participaciones Financieras, SCR (the
Group’s venture capital company). In 2006 he was appointed as Deputy General Manager and
member of Banco Popular’s Management Committee.
Rossell joined Grupo Banco Popular in 1996 as a teller at the main branch office in Guadalajara,
developing his career by carrying out several administrative and commercial functions in
branches along with credit risk analysis and underwriting functions at several Regional Offices,
even taking over the international arena as the Director of the Export Credit & Structured
Finance office of Banco Popular in Madrid.
Jorge Rossell has been an active member of the Community as member of the Board of
numerous foundations and organizations in Florida and private companies such as:
- Member of the Board and Treasurer of the US-Spain Chamber of Commerce in Miami,
- Member of the Board and Audit Committee of Florida International University (FIU),
- Vice-President of the Spain-Florida Foundation 500 Years.
- Patron of the prestigious US-Spain Council.
- Member of the advisory council of Alignmex Real Estate Capital, which is the investment arm
in Mexico of Pritzker Realty Group, an American real estate company founded and
headquartered in Chicago with more than $5 billion in assets.
- Member of the Board of Grupo Financiero BX+, the Mexican subsidiary of Banco Popular
Español, S.A.
Rossell moved to Miami in 2007, is a Spanish and US citizen and was born in Getxo (Vizcaya),
Spain.
He has a master’s degree in Economy and Business Administration from the Complutense
University of Madrid (UCM).
He has also a variety of postgraduate programs such as an Executive Development Program at
IESE Business School (University of Navarra) and a Senior Management Program at ESADE
Business School.
ITEM 3 - DISCIPLINARY INFORMATION
Mr. Rossell does not have any legal or disciplinary events material to a client’s or prospective
client’s evaluation. Mr. Rossell’s disciplinary history can be found on FINRA’s BrokerCheck
system or the IAPD. The BrokerCheck link is www.finra.org/brokercheck; the IAPD link is
www.adviserinfo.sec.gov.
ITEM 4 - OTHER BUSINESS ACTIVITIES
See Item 11 of our Form ADV Part 2A regarding conflicts of interest with clients and generally
how they are addressed.
Mr. Rossell’s other business activities include:
Najale Investments, LLC, a personal investment company. Mr. Rossell is the Co-Manager and
member of the company.
Najale Investments II LLC, a personal investment company. Mr. Rossell is the Co-Manager and
member of the company.
Najale Investments Holdings LLC, a personal holding company. Mr. Rossell is the Co-Manager
and member of the company.
Jorge Rossell, CEO of Lynx, is also a member of the Board of Managers of QTR FUND SERVICES
S.A.R.L, a Luxenbourg company that serves as General Partner of QTR SCA SICAV-RAIF.
ITEM 5 - ADDITIONAL COMPENSATION
Mr. Rossell does not receive any economic benefit from any third party for providing advisory
services.
ITEM 6 - SUPERVISION
Mr. Rossell is the Managing Director of Lynx Advisory Partners. Lynx Advisory Partners provides
investment advisory services in accordance with its policies and procedures manual. Mr. Rossell
currently serves as Lynx Advisory Partners’ Chief Compliance Officer and is primarily responsible
for the oversight of his own advisory activities and the implementation of the Firm’s policies
and procedures. The CCO may be contacted at (305) 772-7137 or jrg@lynx-ap.com for more
information about this Brochure Supplement.
FORM ADV PART 2B
Lynx Advisory Partners LLC
BROCHURE SUPPLEMENT
December 31, 2025
ERNESTO DEL RIO SAN SEBASTIAN
2655 LE JEUNE RD.
SUITE 905
CORAL GABLES, FL 33134
(954) 544-0421
This Brochure Supplement provides information about the qualifications of Ernesto del Rio San
Sebastian, Partner and Investment Advisor Representative of Lynx Advisory Partners LLC. (“Lynx
Advisory Partners” or the “Firm”) that supplements the Firm’s brochure. Any questions about
the contents of this brochure should be directed to the Chief Compliance Officer at (305) 772-
7137.
Additional information about the Firm’s Investment Adviser Representatives is available on the
SEC’s website at www.adviserinfo.sec.gov. The site is searchable by a unique identifying
number known as a CRD number. Ernesto del Rio San Sebastian’s CRD number is 7363229.
ERNESTO DEL RIO SAN SEBASTIAN
CRD No. 7363229
Year of Birth: 1976
ITEM 2 - EDUCATION AND BUSINESS EXPERIENCE
April 2021- Sept 2023: CERES GLOBAL ADVISORY INC, Miami, USA.
Senior Investment Advisor. Managing a portfolio of around 25 wealthy Mexican families.
Advising personal and corporative investments, developing relationships and helping to develop
the brand of Ceres Global Advisory.
Nov ‘17 – April 2021: CA INDOSUEZ WEALTH MIAMI, Miami, USA.
Director. Senior Private Banker, Mexican market. Development of Mexican private banking
relationships creating a new portfolio from scratch. Collaborating in the daily investment
research and marketing output of Credit Agricole’s global investment team.
Aug ‘11 – Nov ’17:
BANCO SANTANDER INTERNATIONAL, Miami, USA.
SVP. Senior Private Banker, Mexican market. Develop a portfolio of private banking clients,
actively collaborating with Grupo Santander's local banks in Mexico. Supporting clients with
corporate and personal investments looking for continuous solutions for them both in direct
investments not only personal but also in corporate and investment banking.
Dec ‘04 – Aug ’11:
BANIF PRIVATE BANKING, Spain (Santander Group’s local Private
Banking unit)
Senior Private Banker & Team Leader at BANIF’s main offices in Barcelona and Santander,
managing remarkable teams in both offices. Closing one of the biggest real estate transactions
in Santander Private Banking history.
May ‘01 – Dec ’04: KREDIETBANK LUXEMBOURG SA, European Private Bankers (KBL).
Luxembourg.
International Private Banker, managing Latin America & Iberia portfolio. Working successfully in
a multinational environment, managing a portfolio with both, European and Latin American
clients.
For almost two years Financial Analyst, assessing multinational companies’ credit risk: balance
sheets, income statement, cash flow statement, P&L accounts, EBITDA, forecasts, modelling
valuations, etc.
EDUCATION
March 2021
FINRA’s Series 65 passed in Hollywood, FL. USA
December ‘20
FINRA’s SIE Exam passed in Hollywood, FL. USA.
December ‘10
European Financial Planner Diploma (EFP) by European Financial Planning
Association at IEB, Madrid, Spain: 350 hours.
June ‘05
European Financial Advisor Diploma (EFA) by European Financial Planning
Association. Madrid, Spain: 120 hours.
Sept ‘04 – Nov ‘04
Advanced Portfolio Management Diploma at the Luxembourg Banking &
Financial Institute: 120 hours.
April ‘02 – June’02
Private Banking Management Diploma at the Luxembourg Banking &
Financial Institute: 80 hours.
Aug ‘00- May ‘01
Master’s degree in European Financial Management (DESS) at the
University of Nancy II’s European Center (EUC), France: 500 hours.
Sept ‘99- June ‘00
Postgraduate degree in Higher European Macroeconomics at Deusto
University, Bilbao, Spain: 350 hours.
Sept ‘94- June ‘99
Bachelor's degree in Industrial Sociology at Deusto University, Bilbao,
Spain.
ITEM 3 - DISCIPLINARY INFORMATION
Mr. Del Rio San Sebastian does not have any legal or disciplinary events material to a client’s or
prospective client’s evaluation. Mr. Del Rio San Sebastian’s disciplinary history can be found on
FINRA’s BrokerCheck system or the IAPD. The BrokerCheck link is www.finra.org/brokercheck;
the IAPD link is www.adviserinfo.sec.gov.
ITEM 4 - OTHER BUSINESS ACTIVITIES
See Item 11 of our Form ADV Part 2A regarding conflicts of interest with clients and generally
how they are addressed.
Mr. Del Rio San Sebastian’s other business activities include:
E&P Housing SA de CV: A Mexican company in which Mr. Del Rio Sebastian holds a stake of
50%. It is a company dedicated to urban real estate in Mexico City. Mr. Del Rio San Sebastian is
a member and do not hold any position on the company.
ITEM 5 - ADDITIONAL COMPENSATION
Mr. Del Rio San Sebastian does not receive any economic benefit from any third party for
providing advisory services.
ITEM 6 - SUPERVISION
Mr. Del Rio San Sebastian is partner and investment advisor at Lynx Advisory Partners. Lynx
Advisory Partners provides investment advisory services in accordance with its policies and
procedures manual. The CCO may be contacted at (305) 772-7137 or jrg@Lynx-ap.com for
more information about this Brochure Supplement.
FORM ADV PART 2B
Lynx Advisory Partners LLC
BROCHURE SUPPLEMENT
December 31, 2025
MIGUEL GONZALEZ DE CASTILLA
2655 LE JEUNE RD.
SUITE 905
CORAL GABLES, FL 33134
+(52) 55 4447 9565
This Brochure Supplement provides information about the qualifications of MIGUEL GONZALEZ
DE CASTILLA, Investment Advisor Representative of Lynx Advisory Partners LLC. (“Lynx Advisory
Partners” or the “Firm”) that supplements the Firm’s brochure. Any questions about the
contents of this brochure should be directed to the Chief Compliance Officer at (305) 772-7137.
Additional information about the Firm’s Investment Adviser Representatives is available on the
SEC’s website at www.adviserinfo.sec.gov. The site is searchable by a unique identifying
number known as a CRD number. Miguel Gonzalez de Castilla’s CRD number is 5408505.
MIGUEL GONZALEZ DE CASTILLA
CRD No. 5408505
Year of Birth: 1974
ITEM 2 - EDUCATION AND BUSINESS EXPERIENCE
Miguel Gonzalez de Castilla Escobar, Lynx Advisory Partner LLC, Partner and Investment Advisor
Representative
Year of Birth: 1974
Formal Education:
BOSTON UNIVERSITY GRADUATE SCHOOL OF MANAGEMENT Boston, MA
Master’s Business Administration (MBA), May 2006
Concentration in Finance and Entrepreneurship
INSTITUTO TECNOLOGICO AUTONOMO DE MEXICO México City
Diploma in International Administration, July 1999
UNIVERSIDAD ANAHUAC DEL NORTE México City
BA in Economics, May 1997
FINRA Series 7 License (2007) CRD: 5408505
FINRA Series 63 License (2009) CRD 5408505
Additional Studies and Qualifications
Participated in UCLA Senior Management Congress Mexico City, 2001
International Management Seminar, Harvard University Mexico City, 1994
English Course, St. Clare’s Oxford Oxford, England 1992-1993
Certification AMIB Mexico
Business Background (last 5 years):
09/2023 – PRESENT LYNX ADVISORY PARTNERS LLC (Coral Gables)
•
• 04/2022 – 09/2023 Ceres Global Advisory (Miami)
• 01/2019– 10/2021: UBS Asesores México (México City)
• 01/2015 – 12/2018: Citibank (New York)
ITEM 3 - DISCIPLINARY INFORMATION
Mr. Gonzalez de Castilla does not have any legal or disciplinary events material to a client’s or
prospective client’s evaluation. Mr. Gonzalez de Castilla’s disciplinary history can be found on
FINRA’s BrokerCheck system or the IAPD. The BrokerCheck link is www.finra.org/brokercheck;
the IAPD link is www.adviserinfo.sec.gov.
ITEM 4 - OTHER BUSINESS ACTIVITIES
Mr. Gonzalez de Castilla has no other business activities.
ITEM 5 - ADDITIONAL COMPENSATION
Mr. Gonzalez de Castilla does not receive any economic benefit from any third party for
providing advisory services.
ITEM 6 - SUPERVISION
Mr. Gonzalez de Castilla is a Partner and Investment Advisor of Lynx Advisory Partners LLC.
Lynx Advisory Partners LLC provides investment advisory services in accordance with its policies
and procedures manual.
Mr. Gonzalez de Castilla is an Investment Advisor Representative and is supervised by LYNX
CCO, Jorge Rossell for compliance with our compliance policies and procedures.
The CCO may be contacted at (305) 772-7137 or jrg@lynx-ap.com for more information about
this Brochure Supplement.