Itau Usa Asset Management Inc. (New York)

Name: Itau Usa Asset Management Inc.
Address: 540 Madison Avenue, New York, NY, 10022
Telephone: 212-710-6714

Itau Usa Asset Management Inc. is a large advisory firm based in New York. It manages $3.5 billion of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2011.

Itau Usa Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Itau Usa Asset Management: assets under management

The assets under management (AUM) of Itau Usa Asset Management Inc. is $3.5 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 645% since the beginning of its operation, and $3.5 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.5 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $166.52 million each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Itau Usa Asset Management Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Almir Vignoto serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and sovereign wealth funds and foreign official institutions. The largest group of clients of Almir Vignoto is pooled investment vehicles with 14 clients and $2.34 billion of assets under management. Among the 8 most similar advisory firms, Itau Usa Asset Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.5 billion for 21 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Itau Usa Asset Management doesn't advise any private funds.

Careers at Itau Usa Asset Management Inc.

The company employs 19 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Almir Vignoto has been acting as President since 1 May 2013. William Scott Piper has served as the Chief Investment Officer since 1 Jun 2012. Carlos Rogerio Da Silva Souza joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Unipart Participações Internacionais Ltd.	Shareholder	1 Feb 2009	75% - 100%	foreign entity
Roberto Massaru Nishikawa	Director	1 Oct 2010	Other	4529565
Cosmo Falco	Director	1 Oct 2010	Other	5921685
Paulo Corchaki	Director	1 Oct 2010	Other	5921686
Steven Marc Hurwitz	Chief compliance officer	1 Oct 2010	Other	2645373
Bradley Steven Holmes	Secretary	1 Oct 2010	Other	2421874
Jacob T Shaeffer	Treasurer	1 Oct 2010	Other	4581899
Eliza Golsman Pepper	President	1 Oct 2010	Other	5245130
Itau Global Asset Management Ltd.	Shareholder	1 Jan 2012	75% - 100%	foreign entity
Jacob T Shaeffer	Chief financial officer and treasurer	1 Jun 2012	Other	4581899
Andrew Gordon Auslander	Chief risk officer	1 Jun 2012	Other	2287014
Charles Ludwig Vonbreitenbach	President, chief executive officer and director	1 Jun 2012	Other	2812544
William Scott Piper	Chief investment officer	1 Jun 2012	Other	2644773
Almir Vignoto	Director	1 May 2013	Other	5614251
Gustavo Adolfo Funcia Murgel	Director	1 May 2013	Other	6317533
Gabriel Amado De Moura	Director	1 May 2013	Other	6317534
Kevin Francis Murphy	Chief compliance officer	1 May 2014	Other	4733916
Alvaro Spinola Pinto	Chief financial officer and treasurer	1 May 2015	Other	6367887
Fernando Mattar Beyruti	Director	1 Nov 2015	Other	6629310
Flavio Augusto De Souza	Director	1 Nov 2015	Other	5821463
Itaú Unibanco S.A.	Itaú unibanco s.a.	1 Dec 2015	75% - 100%	foreign entity
Fernando Mattar Beyruti	Director	1 Mar 2016	Other	6629310
Marcelo De Lima Fatio	Interim ceo	1 Mar 2016	Other	3007580
Flavio Augusto De Souza	Director	1 Mar 2016	Other	5821463
Marcello (Nmn) Siniscalchi	Director	1 Jul 2016	Other	6699558
Marcelo De Lima Fatio	Director	1 Jul 2016	Other	3007580
Leila Cristiane Barboza Braga De Melo	Director	1 Jul 2016	Other	6699562
Charles Nogueira Ferraz	Director, president and chief executive officer	1 Aug 2016	Other	5597862
Alexandre (Nmn) Rubesam	Chief risk officer	1 Aug 2016	Other	6699814
Fernando Barcante Tostes Malta	Director	1 Oct 2016	Other	6723073
Itb Holding Brasil Participações Ltda	Shareholder	1 Dec 2016	75% - 100%	foreign entity
Julia Chen Mcclanan	Interim chief financial officer and treasurer	1 Jan 2017	Other	4591590
Kenneth Ray Goodall	Chief compliance officer	1 Sep 2018	Other	2682569
Carlos Rogerio Da Silva Souza	Director	1 Jan 2019	Other	7077442

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Itaú Unibanco S.A.	Shareholder	1 May 2003	75% - 100%	foreign entity
Itaú Unibanco S.A.	Shareholder	1 Nov 2004	75% - 100%	foreign entity
Itaú Unibanco Holding S.A.	Shareholder	1 Feb 2009	75% - 100%	foreign entity
Itaú Unibanco S.A.	Shareholder	1 Feb 2009	75% - 100%	foreign entity
Itaú Unibanco S.A.	Shareholder	1 Dec 2016	75% - 100%	foreign entity

Based in New York

The principal office where Itau Usa Asset Management Inc. performs its advisory services is located at 540 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-710-6714 or by fax 212-486-4717. The normal business hours are 9am to 6pm on Monday - Friday. You can find more information about the New York firm at itauassetmanagement.com.