AdvisorCensus / Financial advisors / Costa, Andre
Costa, Andre is an SEC-registered investment advisory firm in Goiani, Goias, Brazil, registered since 2017, with no regulatory assets under management reported in its Form ADV filing dated January 17, 2026.
Quick answers
From the filingHow is Costa, Andre compensated?
On its Form ADV (Item 5.E, October 2026), Costa, Andre reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees.
How much does Costa, Andre charge?
Its Form ADV Part 2A brochure dated January 11, 2025 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Costa, Andre located?
Costa, Andre's principal office is in Goiani, Goias, Brazil, according to its Form ADV; the February 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is Costa, Andre registered with the SEC or a state?
Costa, Andre is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289590.
How have Costa, Andre's assets and staff changed since 2021?
In the Form ADV data for Costa, Andre: Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.
Does Costa, Andre report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/289590
What changed in Costa, Andre's recent Form ADV filings?
In the February 2026 filing data: Changed its office addresses in Goiania.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 1% to 2% a year (a range, as the brochure states it)
The brochure's wording
The management fees during the commitment period typically range from 1% to 2%.
As stated in the firm's Form ADV Part 2A brochure dated January 11, 2025. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.FNot reported.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DNot reported.
A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Legal name
- Costa, Andre Luiz Ferreira DA
- Also doing business as
- FREE ENTERPRISE C S ADVISORS LTDA
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (9 years)
- Employees
- Total: 2. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the February 2026 filing
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | Not reported | 2 | January 17, 2026 |
| October 2025 | Not reported | 2 | January 11, 2025 |
| October 2024 | Not reported | 2 | January 3, 2024 |
| October 2023 | Not reported | 2 | June 11, 2023 |
| October 2022 | Not reported | 2 | August 21, 2022 |
| October 2021 | Not reported | 2 | February 3, 2021 |
Total employees: 2 in October 2021 and 2 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- February 2026
- Changed its office addresses in Goiania.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Costa, Andre (CRD 289590): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/costa-andre-goiani-goias-289590