{
  "crd_number": 173779,
  "slug": "xp-advisory-us-inc-miami-fl-173779",
  "primary_business_name": "XP ADVISORY US, INC.",
  "legal_name": "XP ADVISORY US, INC.",
  "dbas": [
    "XP ADVISORY INTERNATIONAL",
    "XP ASSET MANAGEMENT (USA)"
  ],
  "city": "Miami",
  "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": "2019-01-30",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-04-20",
  "carried_forward": false,
  "raum_total": 792319508.0,
  "raum_discretionary": 721336265.0,
  "raum_non_discretionary": 70983243.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 34,
  "advisory_employees": 27,
  "client_count_bucket": null,
  "clients_by_type": {
    "high_net_worth_individuals": {
      "raum": 97134992.0,
      "count": 82
    },
    "pooled_investment_vehicles": {
      "raum": 448579046.0,
      "count": 11
    },
    "corporations_other_businesses": {
      "raum": 246605470.0,
      "count": 165
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "NY",
    "WY"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/173779",
  "city_as_filed": "MIAMI",
  "url": "https://advisorcensus.com/firm/xp-advisory-us-inc-miami-fl-173779",
  "display_name": "XP Advisory US, Inc.",
  "summary": "XP Advisory US, Inc. is an SEC-registered investment advisory firm in Miami, FL, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 20, 2026.",
  "citation": "AdvisorCensus. XP Advisory US, Inc. (CRD 173779): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is XP Advisory US, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), XP Advisory US, Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other."
    },
    {
      "q": "How much does XP Advisory US, Inc. charge?",
      "a": "Its Form ADV Part 2A brochure dated April 20, 2026 states: Asset-based fee: 0.05% to 0.25% 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 XP Advisory US, Inc. located?",
      "a": "XP Advisory US, Inc.'s principal office is in Miami, FL, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is XP Advisory US, Inc. registered with the SEC or a state?",
      "a": "XP Advisory US, Inc. is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 173779."
    },
    {
      "q": "How much does XP Advisory US, Inc. manage?",
      "a": "XP Advisory US, Inc. reports $792,319,508 in regulatory assets under management in its Form ADV filing dated April 20, 2026 (91% discretionary)."
    },
    {
      "q": "How have XP Advisory US, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for XP Advisory US, Inc.: Regulatory assets under management: $835,875,659 in the October 2021 data and $792,319,508 in the October 2026 data, down 5%. Total employees: 26 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does XP Advisory US, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: corporations or other businesses not listed above (165); high net worth individuals (82); pooled investment vehicles (other than investment companies and business development companies) (11)."
    },
    {
      "q": "Which custodians does XP Advisory US, Inc. use?",
      "a": "XP Advisory US, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does XP Advisory US, Inc. 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/173779"
    },
    {
      "q": "Does XP Advisory US, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated April 20, 2026 says: \"The minimum investment to open and maintain an advisory account is $500,000.\""
    },
    {
      "q": "What changed in XP Advisory US, Inc.'s recent Form ADV filings?",
      "a": "In the May 2026 filing data: Added the business name XP Asset Management (USA). Added the business name XP Advisory International."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 835875659.0,
      "total_employees": 26,
      "filing_date": "2021-07-08"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1360169769.0,
      "total_employees": 26,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1548748917.0,
      "total_employees": 30,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1534100110.0,
      "total_employees": 33,
      "filing_date": "2024-07-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1563934974.0,
      "total_employees": 32,
      "filing_date": "2025-03-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 792319508.0,
      "total_employees": 34,
      "filing_date": "2026-04-20"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Added the business name XP Asset Management (USA).",
        "Added the business name XP Advisory International."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 26 to 27.",
        "Regulatory assets under management went from $1,563,934,974 to $792,319,508 (-49%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 20, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.05% to 0.25% a year",
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$5,000",
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.05% to 0.25% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "The agreed-upon fee will be an annual fee ranging from 0.05% to 0.25% of the value of the outside assets as determined by the client’s third-party custodian."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000"
        ],
        "quotes": [
          "The minimum investment to open and maintain an advisory account is $500,000."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $5,000"
        ],
        "quotes": [
          "XP Advisory’s minimum annual fee for all accounts and services is $5,000, which may be waived at the discretion of the principal."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.05,
        0.25
      ],
      "max_pct": null,
      "account_minimum": 500000.0,
      "minimum_annual_fee": 5000.0,
      "planning": []
    },
    "quotes": [
      "The agreed-upon fee will be an annual fee ranging from 0.05% to 0.25% of the value of the outside assets as determined by the client’s third-party custodian.",
      "The minimum investment to open and maintain an advisory account is $500,000.",
      "XP Advisory’s minimum annual fee for all accounts and services is $5,000, which may be waived at the discretion of the principal."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING 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/xp-advisory-us-inc-miami-fl-173779.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 82,
      "fewer_than_5": false,
      "raum": 97134992.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 11,
      "fewer_than_5": false,
      "raum": 448579046.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 165,
      "fewer_than_5": false,
      "raum": 246605470.0
    }
  ],
  "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/173779",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}