Houston-based Stavis, Margolis Advisory Services, an estate planner for retirees is changing its name to BBVA Wealth Solutions.

And while the name change is new, the ownership is not: BBVA Compass acquired the registered investment advisory firm in 2005.

Rick Terry, BBVA Wealth Solutions chief executive officer says: "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."

While BBVA Compass is a Sunbelt-based financial institution, the BBVA Group ($9.50 0.05%) is actually headquartered in Northern Spain. Its American commercial retail banking branches are primarily located in Texas, as well as Arizona, California, Florida and a handful of other states.

In 3Q09, BBVA earned €4.2 billion in net attributable profit and boosted its core capital to 8%.

Write to Jacob Gaffney.

The author holds no relevant investments.