Turim 21 Investimentos Ltda (Rio De Janeiro, Rj)

Name: Turim 21 Investimentos Ltda
Address: Rua Major Rubens Vaz 236, Rio De Janeiro, Rj, 22470 070
Telephone: 55 21 2259.8015

Turim 21 Investimentos Ltda is a large advisory firm based in Rio De Janeiro, Rj. It manages $4.14 billion of regulatory assets for 283 client accounts. It has been registered with the SEC as an adviser since 2017.

Turim 21 Investimentos Ltda provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Turim 21 Investimentos Ltda: assets under management

The assets under management (AUM) of Turim 21 Investimentos Ltda is $4.14 billion. The firm's AUM has grown by 5% since the beginning of its operation, and $4.12 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.99 billion in discretionary accounts and $154.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $15.94 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.67 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 55% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Turim 21 Investimentos Ltda for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bernard Antonio Voigt Mascarenas serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Bernard Antonio Voigt Mascarenas is high net worth individuals with 253 clients and $3.69 billion of assets under management. Among the 12 most similar advisory firms, Turim 21 Investimentos Ltda has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.14 billion for 281 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 99% of the firm’s clients are foreign persons or businesses.

Turim 21 Investimentos Ltda also advises several private funds. Namely, one venture capital fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Turim 21 Investimentos Ltda

The company employs 53 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Bernard Antonio Voigt Mascarenas has been acting as President since 1 Jan 2011. Touro Corp. joined the executive team most recently as the Owner (Tfo Synapse Gp, Llc).

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gustavo Brage Marini	Co-ceo	1 Mar 2001	25% - 50%	6750326
Eduardo Gomes Almeida	Co-ceo	1 Jan 2004	Other	6750318
Nelson Isaac Abrahao Junior	Partner	1 Mar 2008	Other	6750328
Leonardo Martin Moraes	Cio	1 Mar 2008	Other	6750330
Patricia Guedes Xavier	Director	1 Mar 2008	Other	6750336
Ana Carolina Oliveira Pinhero De Carvalho	Coo/cco	1 Mar 2010	Other	6750339
Bernard Antonio Voigt Mascarenas	Director	1 Jan 2011	Other	6750335
Luisa Saboia Correa Do Carmo	Chief legal officer	1 Sep 2015	Other	6750341
Roberto Carvalho De Azevedo	Partner	1 Jan 2018	Other	6931463
Touro Corp.	Owner (tfo synapse gp, llc)	1 Jun 2018	75% - 100%	foreign entity
Gustavo Brage Marini	Managing director (tfo synapse gp, llc)	1 Jun 2018	Other	6750326
Eduardo Gomes Almeida	Managing director (tfo synapse gp, llc)	1 Jun 2018	Other	6750318
Ana Carolina Oliveira Pinhero De Carvalho	Managing director (tfo synapse gp, llc)	1 Jun 2018	Other	6750339
Fernando Verboonen	Managing director (tfo synapse gp, llc)	1 Jun 2018	Other	7006312
Rodrigo Pina Viegas Louro	Managing director (tfo synapse gp, llc)	1 Jun 2018	Other	7006315

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eduardo Gomes Almeida	Director	1 Feb 2004	Other	6750318
Gustavo Brage Marini	Director	1 Feb 2004	Other	6750326
Gustavo Brage Marini	Shareholder	1 Jan 2006	75% - 100%	6750326
Patricia Guedes Xavier	Director	1 Oct 2012	Other	6750336
Bernard Antonio Voigt Mascarenas	Director	1 Oct 2012	Other	6750335

Based in Rio De Janeiro, Rj

The principal office where Turim 21 Investimentos Ltda performs its advisory services is located at Rua Major Rubens Vaz 236, Rio De Janeiro, Rj, 22470 070, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 55 21 2259.8015 or by fax 55 21 2529 8728. The normal business hours are 9-6 on Monday - Friday. You can find more information about the New York firm at turimbr.com.