Efg Capital Advisors Inc. (Miami)


Efg Capital Advisors Inc. is a large advisory firm based in Miami. It manages $226.33 million of regulatory assets for 128 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alaska, California, Colorado, and 10 other states.

Efg Capital Advisors provides 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.

Efg Capital Advisors: assets under management

The assets under management (AUM) of Efg Capital Advisors Inc. is $226.33 million. The firm's AUM has gone down by -83% since the beginning of its operation, and $18.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $94.32 million in discretionary accounts and $132.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.21 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.64 million.
Efg Capital Advisors has custody of $39.49 million in cash and securities for 22 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 30% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Efg Capital Advisors Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Victor Manuel Echevarria serves?

The only and largest group of clients of Victor Manuel Echevarria is individuals with 128 clients and $226.33 million of assets under management. Among the 7 most similar advisory firms, Efg Capital Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $226.33 million for 128 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 92% of the firm’s clients are foreign persons or businesses.

Efg Capital Advisors also advises several private funds. Namely, ten hedge funds and three other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Efg Capital Advisors Inc.

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Victor Manuel Echevarria has been acting as President since 1 May 2013. Btgp Bsi Limited (Uk) joined the executive team most recently as the Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Efg Investment Services Shareholder/parent co. 1 May 1988 75% - 100% 59-245-1336
Gonzalo Rodriguez Fraile Director, chairman of the board 1 May 1988 Other 1413439
Gisella M. Santivanez Chief compliance officer 1 Nov 2011 Other 1587010
Benjamin E Hein Director, president and chief investment officer 1 Nov 2011 Other 4027543
Blanca O. Smith Managing director 1 Jan 2012 Other 1587019
Gerald Wood Secretary and treasurer 1 Jan 2012 Other 4218274
Victor Manuel Echevarria Director 1 May 2013 Other 1939548
Sixto Campano Director 1 May 2013 Other 1567239
Sixto Campano Chief executive officer 1 Oct 2014 Other 1567239
Michael D Schmidtke Chief compliance officer 1 Oct 2015 Other 5356594

Indirect Owners

The SEC currently registers 13 indirect owners.

Name Entity Date acquired Ownership Employer ID
Efg International Parent 1 Mar 2007 75% - 100% foreign
Efg International Ag Parent 1 Mar 2007 75% - 100% foreign
Pactual G7 Holding S.A. Shareholder 1 Jun 2009 50% - 75% foreign
Andre Santos Esteves Shareholder 1 Jun 2009 25% - 50% 6167710
Private Financial Holdings Limited Parent 1 Dec 2009 75% - 100% foreign
Efg Bank European Financial Group Sa Parent 1 Dec 2009 50% - 75% foreign
European Financial Group Efg (Luxembourg) Sa Parent 1 Dec 2009 75% - 100% foreign
Efg European Financial Group Ltd. Parent 1 Dec 2009 75% - 100% foreign
Bdd 2 Trust Majority shareholder 1 Dec 2009 25% - 50% foreign
European Financial Group (Luxembourg) Sa Parent 1 Dec 2009 75% - 100% foreign
Banco Btg Pactual S.A. Shareholder 1 Jul 2011 75% - 100% foreign
Btg Pactual Holding S.A. Shareholder 1 Dec 2012 75% - 100% foreign
Btgp Bsi Limited (Uk) Shareholder 1 Nov 2016 25% - 50% foreign

Based in Miami

The principal office where Efg Capital Advisors Inc. performs its advisory services is located at 701 Brickell Ave Ste 1350, Miami, FL 33131 2945, 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 305-381-8340 or by fax 305-381-8334. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at efgcapitaladvisors.com.

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