Xp Advisory Us, Inc. (Miami)

Xp Advisory Us, Inc. is a large advisory firm based in Miami. It manages $115.79 million of regulatory assets for 37 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida and New York.

Xp Advisory Us provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Xp Advisory Us: assets under management

The assets under management (AUM) of Xp Advisory Us, Inc. is $115.79 million. The firm's AUM has grown by 0% since the beginning of its operation, and $54.12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $107.75 million in discretionary accounts and $8.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $669.71 thousand.

Xp Advisory Us has custody of $19.98 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 25% of the total AUM. The second-largest asset type is sovereign bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Xp Advisory Us, Inc. for their services and products based on a percentage of assets under management, hourly charges, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rodrigo Alcazas Jabali serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Rodrigo Alcazas Jabali is corporations or other businesses with 21 clients and $109.57 million of assets under management. Among the 5 most similar advisory firms, Xp Advisory Us has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $115.79 million for 34 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 68% of the firm’s clients are foreign persons or businesses.

Xp Advisory Us also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Xp Advisory Us, Inc.

The company employs 15 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Rodrigo Alcazas Jabali has been acting as President since 1 Sep 2018. Eliza Golsman Pepper joined the executive team most recently as the Head Of Wealth Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Xp Investimentos Sa	Owner	1 Nov 2014	75% - 100%	foreign
Jared Ryan Wilson	Chief compliance officer	1 May 2015	Other	5322068
Rodrigo Alcazas Jabali	President	1 Sep 2018	Other	3142075
Eliza Golsman Pepper	Head of wealth management	1 Mar 2019	Other	5245130

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Xp Controle Participacoes S/A	Owner	1 Oct 2008	25% - 50%	foreign
Itau Unibanco Sa	Owner	1 Aug 2018	25% - 50%	foreign

Based in Miami

The principal office where Xp Advisory Us, Inc. performs its advisory services is located at 701 Brickell Avenue, Miami, FL 33131, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 786-725-5983. The normal business hours are 9am-6pm est on Monday - Friday.