Leste Financial Services Gestao De Recursos Ltda. (Miami)

Name: Leste Financial Services Gestao De Recursos Ltda.
Address: 1395 Brickell Ave., Miami, FL, 33131
Telephone: 305-924-1314

Leste Financial Services Gestao De Recursos Ltda. is a large advisory firm based in Miami. It manages $589.68 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2019.

Leste Financial Services Gestao De Recursos Ltda provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Leste Financial Services Gestao De Recursos Ltda: assets under management

The assets under management (AUM) of Leste Financial Services Gestao De Recursos Ltda. is $589.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $589.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $589.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.28 million each.

Leste Financial Services Gestao De Recursos Ltda has custody of $589.68 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Leste Financial Services Gestao De Recursos Ltda. for their services and products based on a percentage of assets under management 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 Leste Financial Services Gestao De Recursos Ltda serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Leste Financial Services Gestao De Recursos Ltda is pooled investment vehicles with 5 clients and $461.61 million of assets under management. Among the 10 most similar advisory firms, Leste Financial Services Gestao De Recursos Ltda has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $589.68 million for 6 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Leste Financial Services Gestao De Recursos Ltda also advises several private funds.

Careers at Leste Financial Services Gestao De Recursos Ltda.

The company employs 37 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Carlos Alberto Lustre Filho joined the executive team most recently as the Chief Comercial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Leste Participações Ltda.	Shareholder	1 Dec 2014	75% - 100%	98-1415133
Alessandra Augusta De Lima G. Da Silva Souza	Chief executive officer	1 Oct 2017	Other	7087595
Taina Hutten Camargo	Chief compliance officer	1 Oct 2017	Other	7087596
Marcelo Camarao Ganem	Chief risk officer	1 Oct 2017	Other	7087598
Carlos Alberto Lustre Filho	Chief comercial officer	1 Oct 2018	Other	7115767

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Emmanuel Rose Hermann	Managing member	1 Aug 2017	75% - 100%	2687683
Llc Leste Holding	Shareholder	1 Oct 2017	75% - 100%	36-4876504

Based in Miami

The principal office where Leste Financial Services Gestao De Recursos Ltda. performs its advisory services is located at 1395 Brickell Ave., 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 305-924-1314. The normal business hours are 9am-5:30pm on Monday - Friday. You can find more information about the New York firm at leste.com/.