# XP Advisory US, Inc.

> 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.

- CRD: 173779
- Filed as: XP ADVISORY US, INC.
- Also doing business as: XP ADVISORY INTERNATIONAL, XP ASSET MANAGEMENT (USA)
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami, FL
- Filing period: October 2026
- Form ADV filing dated: April 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/173779
- AdvisorCensus page: https://advisorcensus.com/firm/xp-advisory-us-inc-miami-fl-173779

## Quick answers

**How is XP Advisory US, Inc. compensated?**
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.

**How much does XP Advisory US, Inc. charge?**
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.

**Where is XP Advisory US, Inc. located?**
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).

**Is XP Advisory US, Inc. registered with the SEC or a state?**
XP Advisory US, Inc. is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 173779.

**How much does XP Advisory US, Inc. manage?**
XP Advisory US, Inc. reports $792,319,508 in regulatory assets under management in its Form ADV filing dated April 20, 2026 (91% discretionary).

**How have XP Advisory US, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does XP Advisory US, Inc. serve?**
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).

**Which custodians does XP Advisory US, Inc. use?**
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.

**Does XP Advisory US, Inc. 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/173779

**Does XP Advisory US, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated April 20, 2026 says: "The minimum investment to open and maintain an advisory account is $500,000."

**What changed in XP Advisory US, Inc.'s recent Form ADV filings?**
In the May 2026 filing data: Added the business name XP Asset Management (USA). Added the business name XP Advisory International.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated April 20, 2026)

- Asset-based fee: 0.05% to 0.25% a year (a range, as the brochure states it)

> 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.

- Account minimum: $500,000

> The minimum investment to open and maintain an advisory account is $500,000.

- Minimum annual fee: $5,000

> XP Advisory’s minimum annual fee for all accounts and services is $5,000, which may be waived at the discretion of the principal.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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: $792,319,508
- Discretionary: $721,336,265
- Non-discretionary: $70,983,243

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 82 | $97,134,992 |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $448,579,046 |
| Corporations or other businesses not listed above | 165 | $246,605,470 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2019 (7 years)
- Employees: 34 total, 27 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: FL, NY, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- New York, NY

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $835,875,659 | 26 | July 8, 2021 |
| October 2022 | $1,360,169,769 | 26 | March 31, 2022 |
| October 2023 | $1,548,748,917 | 30 | March 31, 2023 |
| October 2024 | $1,534,100,110 | 33 | July 25, 2024 |
| October 2025 | $1,563,934,974 | 32 | March 19, 2025 |
| October 2026 | $792,319,508 | 34 | April 20, 2026 |

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.

## Changes in the filing (last 12 months)

### May 2026
- Added the business name XP Asset Management (USA).
- Added the business name XP Advisory International.

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. XP Advisory US, Inc. (CRD 173779): Form ADV filing data as of October 2026.