DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Itau International Securities Inc.

Former SEC-registered adviserMiami, FloridaCRD 144769SEC 801-112301IAPD
Latest filing Mar 30, 2022
First filing on the tape Dec 14, 2017 · 20 filings
RAUM
$64.8M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
54%
$34.9M individuals and HNW
Advisors
16
registered through the firm on IAPD
RAUM per advisor
$4.0M
derived; firm RAUM over IAPD count
Employees
20
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$64.8M as of Mar 30, 2022
Mar 29, 2019$131M then
HNW client RAUM$14.6M as of Mar 30, 2022
Mar 29, 2019$78.9M then
State-registered IARs (5.B.3)3 as of Mar 30, 2022
Mar 29, 201914 then
Employees (5.A)20 as of Mar 30, 2022
Mar 29, 201914 then
Private funds: no history
RAUM -58% over the last fiscal year-21% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 30, 2022; every figure names its basis
RAUM per advisor
$4.0MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$2.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
16.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-58%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for pooled vehicles, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$64.8M, 31 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • buys or sells securities as principal to or from clients (8.A.2)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$20.4M31%
  • Corporations and businesses$18.1M28%
  • High-net-worth individuals$14.6M22%
  • Investment companies$11.8M18%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
31reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$64.8M for 31 clientsreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
16 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Maria Ligia ArbelaezMedley, Fl Mar 16, 201813 y2
Carlos Alberto Darino LopezChartered Financial AnalystMiami, Fl Mar 30, 201814 y0
Alejandro Miguel SantosChartered Financial AnalystKey Biscayne, Fl Apr 13, 201810 y0
Ana Claudia J SilvaCoral Gables, Fl Apr 26, 201814 y0
Edward Chip WarnerMiami, FlOct 17, 201810 y0
Pedro De Camargo JuniorMiami, FlFeb 22, 201911 y0
Marcio Brito De LimaChartered Financial AnalystPinecrest, Fl Feb 25, 201917 y1
David Salomon CardenasMiami, Fl May 6, 201910 y2
Joao Paulo De Abreu RodriguesChartered Financial AnalystMiami, Fl Dec 2, 201910 y0
Oswaldo Daniel AbreuMiami, Fl Aug 12, 202124 y6
Klaus SpielkampMiami, FlApr 18, 202424 y2
Carlos A FerreiraMiami, Fl Aug 1, 202419 y1
Andre Dias CardosoKey Biscayne, Fl Jul 23, 202511 y3
Pablo Morgades RomeroMiami, FlJul 28, 202512 y1
Yuri Iwenicki ManelaAventura, Fl Jun 24, 202610 y1
Michel PulidoMiami, Fl Jun 24, 202611 y2
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days2 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Marcelo Aagesen · Officercontrol
    since 10/2019 · owns less than 5%
  • Gustavo Fraga Abrunhosa · Senior Sales Tradercontrol
    since 03/2018 · owns less than 5%
  • Sara Catalina Gaitan · Chief Compliance Officer And Anti-Money Laundering Compliance Officercontrol
    since 06/2017 · owns less than 5%
  • Roberto Rodrigues Martins · Director And Head Of Global Wealth Solutions Internationalcontrol
    since 09/2021 · owns less than 5%
  • Danilo Junior Ribeiro De Avila · Head Of Operationscontrol
    since 08/2019 · owns less than 5%
  • Alberto Satoshi Tani · Head Tradercontrol
    since 11/2019 · owns less than 5%
  • Paul A Vergara · Executive Representative And Head Of Business Solutionscontrol
    since 10/2021 · owns less than 5%
  • Fernando Mattar Beyruti · Director And Chairman
    since 01/2019 · owns less than 5%
  • Carlos Fernando Rossi Constantini · Director
    since 01/2017 · owns less than 5%
  • Michael Gerard Glynn · Chief Financial Officer, Finop/Principal Financial Officer
    since 09/2021 · owns less than 5%
Entity owners
  • Itau Bba International Plc · Direct Owner
    direct · owns 75% or more
  • Itau Unibanco Holding S.A. · Indirect Owner
    indirect · owns 75% or more of Itau Unibanco S.A.
  • Itau Unibanco S.A. · Indirect Owner
    indirect · owns 75% or more of Itb Holding Brasil Participacoes Ltda.
  • Itb Holding Brasil Participacoes Ltda. · Indirect Owner
    indirect · owns 75% or more of Itau Bba International Plc
Related persons
Schedule D 7.A
Advisers that list Itau International Securities Inc. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Miami, Fl · principal1620
Key Biscayne, Fl300
Coral Gables, Fl200
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 33 to 31
    Dec 17, 2021 to Mar 30, 2022
  • HNW clients · 1.0 to unset
    Dec 17, 2021 to Mar 30, 2022
  • Pooled vehicle clients · 4.0 to unset
    Dec 17, 2021 to Mar 30, 2022
  • Assets in custody · $64.5M to $64.8M
    Dec 17, 2021 to Mar 30, 2022
  • HNW RAUM · $15.1M to $14.6M
    Dec 17, 2021 to Mar 30, 2022
  • Individual RAUM · $21.1M to $20.4M
    Dec 17, 2021 to Mar 30, 2022
  • Non-discretionary RAUM · $64.5M to $64.8M
    Dec 17, 2021 to Mar 30, 2022
  • Pooled vehicle RAUM · 18305274.0 to unset
    Dec 17, 2021 to Mar 30, 2022
  • RAUM · $64.5M to $64.8M
    Dec 17, 2021 to Mar 30, 2022
  • Accounts · 37 to 33
    Nov 15, 2021 to Dec 16, 2021
  • Assets in custody · unset to 64509050.0
    Nov 15, 2021 to Dec 16, 2021
  • Custody of client assets · false to true
    Nov 15, 2021 to Dec 16, 2021
  • HNW RAUM · $11.0M to $15.1M
    Nov 15, 2021 to Dec 16, 2021
  • Individual RAUM · $44.3M to $21.1M
    Nov 15, 2021 to Dec 16, 2021
  • Non-discretionary RAUM · $154M to $64.5M
    Nov 15, 2021 to Dec 16, 2021
  • Pooled vehicle RAUM · $15.4M to $18.3M
    Nov 15, 2021 to Dec 16, 2021
  • RAUM · $154M to $64.5M
    Nov 15, 2021 to Dec 16, 2021
  • Accounts · 38 to 37
    Jun 30, 2020 to Mar 18, 2021
  • HNW clients · unset to 1.0
    Jun 30, 2020 to Mar 18, 2021
  • Pooled vehicle clients · 1 to 4
    Jun 30, 2020 to Mar 18, 2021
  • HNW RAUM · $18.1M to $11.0M
    Jun 30, 2020 to Mar 18, 2021
  • Individual RAUM · $23.8M to $44.3M
    Jun 30, 2020 to Mar 18, 2021
  • Non-discretionary RAUM · $121M to $154M
    Jun 30, 2020 to Mar 18, 2021
  • Pooled vehicle RAUM · $9.9M to $15.4M
    Jun 30, 2020 to Mar 18, 2021
  • RAUM · $121M to $154M
    Jun 30, 2020 to Mar 18, 2021
  • Accounts · 37 to 38
    Feb 11, 2020 to Mar 30, 2020
  • Advisory employees · 1 to 2
    Feb 11, 2020 to Mar 30, 2020
  • BD registered reps · 19 to 20
    Feb 11, 2020 to Mar 30, 2020
  • HNW clients · 4.0 to unset
    Feb 11, 2020 to Mar 30, 2020
  • Employees · 19 to 20
    Feb 11, 2020 to Mar 30, 2020
  • HNW RAUM · $78.9M to $18.1M
    Feb 11, 2020 to Mar 30, 2020
  • Individual RAUM · unset to 23779405.0
    Feb 11, 2020 to Mar 30, 2020
  • Non-discretionary RAUM · $131M to $121M
    Feb 11, 2020 to Mar 30, 2020
  • Pooled vehicle RAUM · $51.7M to $9.9M
    Feb 11, 2020 to Mar 30, 2020
  • RAUM · $131M to $121M
    Feb 11, 2020 to Mar 30, 2020
  • Advisory employees · 14 to 1
    Aug 16, 2019 to Nov 1, 2019
  • BD registered reps · 14 to 19
    Aug 16, 2019 to Nov 1, 2019
  • Employees · 14 to 19
    Aug 16, 2019 to Nov 1, 2019
  • State-registered IARs · 14 to 3
    Aug 16, 2019 to Nov 1, 2019
  • Accounts · 30 to 37
    Nov 2, 2018 to Mar 29, 2019
Signals
18 dated events
  • Raphael Silva Lacombe left Itau International Securities Inc. for J.P. Morgan Securities Llc (registered 2023-01-18)
    Jan 3, 2023 · Advisor changed firm · fact
  • Carlos Alberto Villela (Principal Operations Officer) no longer on Schedule A of Itau International Securities Inc. (listed 2021-03-31, absent 2021-11-07)
    Nov 7, 2021 · Control person left · inference
  • Julia Chen Mcclanan (Executive Representative) no longer on Schedule A of Itau International Securities Inc. (listed 2021-03-31, absent 2021-11-07)
    Nov 7, 2021 · Control person left · inference
  • Julia Chen Mcclanan (Executive Representative) appeared on Schedule A of Itau International Securities Inc.
    Jan 24, 2020 · Control person joined · fact
  • Danilo Junior Ribeiro De Avila (Head Of Operations) appeared on Schedule A of Itau International Securities Inc.
    Nov 21, 2019 · Control person joined · fact
  • Marcelo Aagesen (Head Of Markets) appeared on Schedule A of Itau International Securities Inc.
    Nov 21, 2019 · Control person joined · fact
  • Alberto Satoshi Tani (Head Trader) appeared on Schedule A of Itau International Securities Inc.
    Nov 21, 2019 · Control person joined · fact
  • Luis Fernando Brasil De Oliveira (Chief Administrative Officer) no longer on Schedule A of Itau International Securities Inc. (listed 2019-11-01, absent 2019-11-21)
    Nov 21, 2019 · Control person left · inference
  • Itau International Securities Inc. reported 3 state-registered advisory representatives, down from 14 (2019-08-16 to 2019-11-01)
    Nov 1, 2019 · Advisor headcount change · derived
  • Paul A Vergara (Head Trader) appeared on Schedule A of Itau International Securities Inc.
    Jun 26, 2019 · Control person joined · fact
  • Renato Lulia Jacob (Director) no longer on Schedule A of Itau International Securities Inc. (listed 2019-03-29, absent 2019-06-26)
    Jun 26, 2019 · Control person left · inference
  • Alessandro Augustus Chiade Merjam (Head Of Financial Markets) no longer on Schedule A of Itau International Securities Inc. (listed 2019-03-29, absent 2019-06-26)
    Jun 26, 2019 · Control person left · inference
  • Itau International Securities Inc. reported 14 state-registered advisory representatives, up from 0 (2018-11-02 to 2019-03-29)
    Mar 29, 2019 · Advisor headcount change · derived
  • Alessandro Augustus Chiade Merjam (Head Of Financial Markets) appeared on Schedule A of Itau International Securities Inc.
    Mar 29, 2019 · Control person joined · fact
  • Gustavo Fraga Abrunhosa (Head Of Itau International Securities Bahamas Branch) appeared on Schedule A of Itau International Securities Inc.
    Mar 29, 2019 · Control person joined · fact
  • Carlos Alberto Villela (Principal Operations Officer) appeared on Schedule A of Itau International Securities Inc.
    Mar 29, 2019 · Control person joined · fact
  • Flavio Augusto De Souza (Director) no longer on Schedule A of Itau International Securities Inc. (listed 2018-11-02, absent 2019-03-29)
    Mar 29, 2019 · Control person left · inference
  • Itau International Securities Inc. filed its initial SEC registration (Form ADV)
    Dec 14, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
$4.0Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026