Bigsur Wealth Management, LLC (Miami)

Name: Bigsur Wealth Management, LLC
Address: 1441 Brickell Avenue, Miami, FL, 33131
Telephone: 305-740-6777

Bigsur Wealth Management, LLC is a large advisory firm based in Miami. It manages $956.93 million of regulatory assets for 232 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Delaware and Florida.

Bigsur Wealth Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and portfolio consulting, family office & reporting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bigsur Wealth Management: assets under management

The assets under management (AUM) of Bigsur Wealth Management, LLC is $956.93 million. The firm's AUM has grown by 147% since the beginning of its operation, and $763.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $471.11 million in discretionary accounts and $485.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.42 million.

Investments

The firm invests in exchange traded securities the most. They account for 30% of the total AUM. The second-largest asset type is investment and business development companies, which make up 18% of the firm’s portfolio. Investments in pooled investment vehicles form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bigsur Wealth Management, LLC for their services and products based on a percentage of assets under management 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 Bigsur Wealth Management serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Bigsur Wealth Management is corporations or other businesses with 72 clients and $849.52 million of assets under management. Among the 8 most similar advisory firms, Bigsur Wealth Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $956.93 million for 108 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 80% of the firm’s clients are foreign persons or businesses.

Bigsur Wealth Management also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $200,000 for each fund.

Careers at Bigsur Wealth Management, LLC

The company employs 20 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rafael Maria Iribarren	Manager	1 Nov 2007	Other	4171908
Ignacio Gabriel Pakciarz	Manager	1 Nov 2007	Other	2814634
Llc Bigsur Partners	Managing member; sole owner	1 Nov 2007	75% - 100%	26-1294354
Carlos Hollander	Co-managing member	1 Nov 2007	Other	2725885
Vinicius Abreu Ribeiro	Head of operations	1 Nov 2007	Other	4952795
Roberto Faria Carvalho	Investment adviser representative	1 May 2008	Other	5596214
Catalina Rey De Sa	Chief compliance officer	1 Jan 2013	Other	5654516
Benjamin Englert Hein	Chief compliance officer, chief operating officer	1 Oct 2014	Other	4027543
Catalina Rey De Sa	Chief compliance officer	1 Mar 2016	Other	5654516
Daniel Rene Orona	Chief compliance officer	1 Sep 2017	Other	5089596
Revati Roberts	Chief compliance officer	1 Mar 2019	Other	4472698
Marisa Liliam Hernandez	Chief operating officer	1 Mar 2019	Other	2910654

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Prudence Llc	Member	1 Nov 2007	75% - 100%	26-1294252
Pcp Advisors Corp	Managing member	1 Nov 2007	50% - 75%	13-4365714
Bigsur Advisors Corp	Managing member	1 Nov 2007	50% - 75%	30-0443328
Pcp Advisors Corp	Managing member	1 May 2009	25% - 50%	13-4365714
Bigsur Advisors Corp	Managing member	1 May 2009	25% - 50%	30-0443328

Based in Miami

The principal office where Bigsur Wealth Management, LLC performs its advisory services is located at 1441 Brickell Avenue, 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 305-740-6777 or by fax 305-350-9998. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at bigsurpartners.com and its LinkedIn profile.