Evolution Wealth Advisors, LLC (Aventura)

Evolution Wealth Advisors, LLC is a large advisory firm based in Aventura. It manages $702.55 million of regulatory assets for 204 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida and Texas.

Evolution Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and offers research/advise to foreign offshore funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Evolution Wealth Advisors: assets under management

The assets under management (AUM) of Evolution Wealth Advisors, LLC is $702.55 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 429% since the beginning of its operation, and $478.41 million of the total AUM is attributable to clients outside of the United States.

The firm manages $702.55 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.44 million each.

Evolution Wealth Advisors has custody of $15.34 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment and business development companies, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Evolution Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Roberto Vainrub serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of Roberto Vainrub is corporations or other businesses with 42 clients and $498.42 million of assets under management. Among the 10 most similar advisory firms, Evolution Wealth Advisors has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $702.55 million for 139 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 38% of the firm’s clients are foreign persons or businesses.

Evolution Wealth Advisors doesn't advise any private funds.

Careers at Evolution Wealth Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Roberto Vainrub has been acting as President since 1 Jul 2017. Michael Yaacov Marciano has served as the Chief Investment Officer since 1 Apr 2018. Gerhard Herrera Pahl joined the executive team most recently as the Director Of Business & Portfolio Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Luciana Nmn Roditi De Glas	Chief compliance officer	1 Jul 2017	Other	6725130
Roberto Vainrub	President/manager/managing member	1 Jul 2017	75% - 100%	5962401
Dimitra Papatzikos	Chief operations officer	1 Jul 2017	Other	6725132
Alan O Rotter	Member	1 Jul 2017	Other	6738879
Harpatka Investments Llc	Member	1 Jul 2017	50% - 75%	82-2116195
Michael Yaacov Marciano	Chief investment officer	1 Apr 2018	Other	6293384
Dalia Szkolnik	Chief technology officer	1 Aug 2018	Other	7066869
Gerhard Herrera Pahl	Director of business & portfolio management	1 May 2019	Other	4448486

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Harpatka Investments Ltd. (Bvi)	Managing member	1 Jul 2017	75% - 100%	00-0000000
Alfonso Manuel Angrisano	Owner	1 Jul 2017	25% - 50%	6837494
Claudio Sigfrido Dolman	Owner	1 Jul 2017	25% - 50%	6837489
Marcel (Nmn) Apeloig	Owner	1 Jul 2017	25% - 50%	6837485

Based in Aventura

The principal office where Evolution Wealth Advisors, LLC performs its advisory services is located at 20900 Ne 30 Th Avenue, Aventura, FL 33180, 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) 921-4740. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.