Insigneo Wealth Advisors, LLC (Miami)

Name: Insigneo Wealth Advisors, LLC
Address: 777 Brickell Avenue, Miami, FL, 33131
Telephone: 305-373-9000

Insigneo Wealth Advisors, LLC is a large advisory firm based in Miami. It manages $105 million of regulatory assets for 188 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Florida.

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

Insigneo Wealth Advisors: assets under management

The assets under management (AUM) of Insigneo Wealth Advisors, LLC is $105 million. The firm's AUM has gone down by -44% since the beginning of its operation, and $87.4 million of the total AUM is attributable to clients outside of the United States.

The firm manages $74.47 million in discretionary accounts and $30.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $865.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $299.27 thousand.

Investments

The firm invests in other assets the most. They account for 37% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Insigneo Wealth Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Guillermo Enrique Vernet serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Guillermo Enrique Vernet is corporations or other businesses with 24 clients and $56.22 million of assets under management. Among the 10 most similar advisory firms, Insigneo Wealth Advisors has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $105 million for 48 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 89% of the firm’s clients are foreign persons or businesses.

Insigneo Wealth Advisors also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Insigneo Wealth Advisors, LLC

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 4 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Guillermo Enrique Vernet has been acting as President since 1 Aug 2010. George Washington Arnett joined the executive team most recently as the General Counsel, Chief Risk Officer & Global Compliance.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Guillermo Enrique Vernet	President/ managing director	1 Aug 2010	25% - 50%	2748034
Beatriz Gutierrez Junco	Chief compliance officer	1 Oct 2012	Other	6122419
Llc Insigneo Financial Group	Member	1 Feb 2017	75% - 100%	81-4894533
Rhh Financial Group	Member	1 Feb 2017	75% - 100%	81-4894533
George Washington Arnett	General counsel, chief risk officer & global compliance	1 Jan 2018	Other	1057806

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Rh Revocable Trust	Member	1 Dec 2006	75% - 100%	xxx-xx-xxxx
Raul Henriquez	Trustee	1 Dec 2006	Other	1647412
Llc R Henriquez Holdings	Shareholder	1 Feb 2017	75% - 100%	22-3931478
Rh Children's Trust	Member	1 Feb 2017	25% - 50%	xxx-xx-xxxx
Sara Roxana Silva Henriquez	Co-trustee	1 Feb 2017	Other	6759348

Based in Miami

The principal office where Insigneo Wealth Advisors, LLC performs its advisory services is located at 777 Brickell Avenue, Miami, FL 33131, 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 305-373-9000 or by fax 305-373-2946. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at insigneo.com/.