# Itau USA Asset Management

> Itau USA Asset Management is an SEC-registered investment advisory firm in New York, NY, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 7, 2026.

- CRD: 156313
- Filed as: ITAU USA ASSET MANAGEMENT
- Legal name: Itau USA Asset Management Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: August 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/156313
- AdvisorCensus page: https://advisorcensus.com/firm/itau-usa-asset-management-new-york-ny-156313

## Quick answers

**How is Itau USA Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), Itau USA Asset Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Itau USA Asset Management located?**
Itau USA Asset Management's principal office is in New York, NY, according to its Form ADV; the September 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Itau USA Asset Management registered with the SEC or a state?**
Itau USA Asset Management is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 156313.

**How much does Itau USA Asset Management manage?**
Itau USA Asset Management reports $9,266,870,687 in regulatory assets under management in its Form ADV filing dated August 7, 2026 (100% discretionary).

**How have Itau USA Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Itau USA Asset Management: Regulatory assets under management: $7,236,011,154 in the October 2021 data and $9,266,870,687 in the October 2026 data, up 28%. Total employees: 27 in October 2021 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Itau USA Asset Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (47); high net worth individuals (16).

**Which custodians does Itau USA Asset Management use?**
Itau USA Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citibank and HSBC Securities as custodians holding 10% or more of its separately managed account assets.

**Does Itau USA Asset Management 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/156313

**What changed in Itau USA Asset Management's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Citibank
- HSBC Securities

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.

### Regulatory assets under management (Item 5.F)
- Total: $9,266,870,687
- Discretionary: $9,266,870,687
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 16 | $101,655,889 |
| Pooled investment vehicles (other than investment companies and business development companies) | 47 | $7,455,079,291 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $1,710,135,507 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2011 (15 years)
- Employees: 26 total, 14 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Miami, FL
- Santiago
- Sao Paulo

### Websites listed on Form ADV (Item 1.I)
- [itauassetmanagement.us](https://itauassetmanagement.us)
- [open.spotify.com/show/6Cp1jAjJOgS1rJdjtnEWXJ](https://open.spotify.com/show/6Cp1jAjJOgS1rJdjtnEWXJ)
- [t.me/itauasset](https://t.me/itauasset)
- Instagram @itauasset
- LinkedIn @itau-asset-management
- YouTube @itauasset

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $7,236,011,154 | 27 | March 31, 2021 |
| October 2022 | $7,990,259,637 | 31 | March 31, 2022 |
| October 2023 | $6,736,079,367 | 33 | March 31, 2023 |
| October 2024 | $8,010,761,978 | 21 | September 25, 2024 |
| October 2025 | $6,653,031,820 | 31 | March 31, 2025 |
| October 2026 | $9,266,870,687 | 26 | August 7, 2026 |

Regulatory assets under management: $7,236,011,154 in the October 2021 data and $9,266,870,687 in the October 2026 data, up 28%.
Total employees: 27 in October 2021 and 26 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 15 to 14.
- Regulatory assets under management went from $6,653,031,820 to $9,266,870,687 (+39%).
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Itau USA Asset Management (CRD 156313): Form ADV filing data as of October 2026.