Vestrust Securities L.P. (Coral Gables)

Vestrust Securities L.P. is a large advisory firm based in Coral Gables. It manages $36.21 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Florida.

Vestrust Securities 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.

Vestrust Securities: assets under management

The assets under management (AUM) of Vestrust Securities L.P. is $36.21 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $22.7 million in discretionary accounts and $13.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.69 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vestrust Securities L.P. 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.

Careers at Vestrust Securities L.P.

Carlos Pitapita has been acting as President since 1 Jun 1995. Rosana Teresa Garces joined the executive team most recently as the Vice President Sales, Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Noemi Carmen Schaefer	Financial and operations principal	1 Apr 1991	Other	2241064
Jacobo Antonio Jr Gadalamaria	Director / president of general partner and principal	1 Jun 1995	25% - 50%	2138460
Carlos Pitapita	Director/ vice president of general partner and principal	1 Jun 1995	Other	2574482
Comafi L.D.C.	Limited partner	1 Jan 1997	Other	n/a
Guillermo Alejandro Cervino	Shareholder	1 Jan 1997	Other	xxx-xx-xxxx
Vestrust Securities Inc.	General partner	1 Nov 1998	50% - 75%	65-0594506
Guillermo Arturo Argumedo	Limited partner	1 May 1999	Other	2542794
Carlos Eduardo Stolk	Limited partner	1 Dec 2000	Other	3278090
Rosana Teresa Garces	Vice president sales, member	1 Jan 2001	Other	3023800

Based in Coral Gables

The principal office where Vestrust Securities L.P. performs its advisory services is located at 355 Alhambra Circle, Coral Gables, FL 33134, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.