AdvisorCensus / Financial advisors / M Square Investimentos Ltda.
M Square Investimentos Ltda. is an SEC-registered investment advisory firm in Sao Paulo, Brazil, registered since 2025, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.
Quick answers
From the filingHow is M Square Investimentos Ltda. compensated?
On its Form ADV (Item 5.E, October 2026), M Square Investimentos Ltda. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
How much does M Square Investimentos Ltda. charge?
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 0.5% to 1.2% 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 M Square Investimentos Ltda. located?
M Square Investimentos Ltda.'s principal office is in Sao Paulo, Brazil, according to its Form ADV.
Is M Square Investimentos Ltda. registered with the SEC or a state?
M Square Investimentos Ltda. is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 336712.
How much does M Square Investimentos Ltda. manage?
M Square Investimentos Ltda. reports $2,251,538,613 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).
What types of clients does M Square Investimentos Ltda. serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (25); corporations or other businesses not listed above (9).
Which custodians does M Square Investimentos Ltda. use?
M Square Investimentos Ltda.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citco Bank and Trust Company Limited, Goldman Sachs & Co. LLC and JPMorgan Chase Bank, N.A. as custodians holding 10% or more of its separately managed account assets.
Does M Square Investimentos Ltda. 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/336712
What changed in M Square Investimentos Ltda.'s recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 10 to 5. Updated its list of owners and control persons (Schedule A).
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
- 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: 0.5% to 1.2% a year (a range, as the brochure states it)
The brochure's wording
Management fees for the Funds generally range from 0.5% to 1.2% and are deducted by the Firm each calendar month in advance, regardless of performance.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. 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.F$2,251,538,613 as of October 2026, filing dated March 31, 2026.
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.DA 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- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 22. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- 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
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 10 to 5.
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Newly registered with the SEC.
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. M Square Investimentos Ltda. (CRD 336712): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/m-square-investimentos-ltda-sao-paulo-336712