{ "crd_number": 328201, "slug": "invex-next-llc-coral-gables-fl-328201", "primary_business_name": "INVEX NEXT, LLC", "legal_name": "INVEX NEXT, LLC", "dbas": [], "city": "Coral Gables", "state": "FL", "country": "United States", "cbsa_code": "33100", "metro": { "cbsa_code": "33100", "common_name": "Miami", "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL", "path": "/advisors/fl/miami" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2023-10-17", "years_registered": 2, "period": "2026-10-01", "filing_date": "2026-03-10", "carried_forward": false, "raum_total": 3032000.0, "raum_discretionary": 3032000.0, "raum_non_discretionary": 0.0, "raum_band": "under_25m", "raum_band_label": "Under $25 million", "total_employees": 8, "advisory_employees": 6, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 3032000.0, "count": 76 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "FL" ], "websites": [ "https://join.nextbyinvex.us" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/328201", "city_as_filed": "CORAL GABLES", "url": "https://advisorcensus.com/firm/invex-next-llc-coral-gables-fl-328201", "display_name": "Invex Next, LLC", "summary": "Invex Next, LLC is an SEC-registered investment advisory firm in Coral Gables, FL, registered since 2023, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 10, 2026.", "citation": "AdvisorCensus. Invex Next, LLC (CRD 328201): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Invex Next, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Invex Next, LLC reports these compensation arrangements: a percentage of assets under its management." }, { "q": "How much does Invex Next, LLC charge?", "a": "Its Form ADV Part 2A brochure dated March 10, 2026 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." }, { "q": "Where is Invex Next, LLC located?", "a": "Invex Next, LLC's principal office is in Coral Gables, FL, according to its Form ADV." }, { "q": "Is Invex Next, LLC registered with the SEC or a state?", "a": "Invex Next, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 328201." }, { "q": "How much does Invex Next, LLC manage?", "a": "Invex Next, LLC reports $3,032,000 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (100% discretionary)." }, { "q": "How have Invex Next, LLC's assets and staff changed since 2024?", "a": "In the Form ADV data for Invex Next, LLC: Regulatory assets under management: $330,687 in the October 2024 data and $3,032,000 in the October 2026 data, up 817%. Total employees: 8 in October 2024 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Invex Next, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (76)." }, { "q": "Which custodians does Invex Next, LLC use?", "a": "Invex Next, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Invex Next, LLC report any disciplinary disclosures?", "a": "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/328201" }, { "q": "Does Invex Next, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 10, 2026 says: \"In general, we require a minimum of $50,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.\"" }, { "q": "What changed in Invex Next, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $2,177,825 to $3,032,000 (+39%)." } ], "filing_history": [ { "period": "2024-10-01", "regulatory_assets_under_management": 330687.0, "total_employees": 8, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2177825.0, "total_employees": 8, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 3032000.0, "total_employees": 8, "filing_date": "2026-03-10" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $2,177,825 to $3,032,000 (+39%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 10, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "1% to 2% a year", "stated_maximum": null, "account_minimum": "$50,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 1% to 2% a year (a range, as the brochure states it)" ], "quotes": [ "Our annual fee for portfolio management services varies between 1.00% to 2.00% depending upon the market value of your assets under our management, the type and complexity of the asset management services provided, as well as the level of administration requested either directly or assumed by the client." ] }, { "label": "Account minimum", "statements": [ "Account minimum: $50,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "In general, we require a minimum of $50,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size." ] } ], "values": { "tiers": [], "range_pct": [ 1.0, 2.0 ], "max_pct": null, "account_minimum": 50000.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Our annual fee for portfolio management services varies between 1.00% to 2.00% depending upon the market value of your assets under our management, the type and complexity of the asset management services provided, as well as the level of administration requested either directly or assumed by the client.", "In general, we require a minimum of $50,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Interactive Brokers LLC", "name_as_filed": "INTERACTIVE BROKERS LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/invex-next-llc-coral-gables-fl-328201.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 76, "fewer_than_5": false, "raum": 3032000.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/328201", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }