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.
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 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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.