Insigneo Advisory Services, LLC (Miami)

Name: Insigneo Advisory Services, LLC
Address: 777 Brickell Avenue, Suite 1010, Miami, FL, 33131
Telephone: 305.373.9000

Insigneo Advisory Services, LLC is a large advisory firm based in Miami. It manages $811.77 million of regulatory assets for 813 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Florida, and 4 other states.

Insigneo Advisory Services provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consolidation of financial reports and consulting 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.

Insigneo Advisory Services: assets under management

The assets under management (AUM) of Insigneo Advisory Services, LLC is $811.77 million. The firm's AUM has grown by 434% since the beginning of its operation, and $753.56 million of the total AUM is attributable to clients outside of the United States.

The firm manages $315.99 million in discretionary accounts and $495.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.65 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $798.36 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 32% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Insigneo Advisory Services, LLC for their services and products based on a percentage of assets under management, fixed fees, 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.

What kind of clients Paul Edward Duffy serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Paul Edward Duffy is corporations or other businesses with 166 clients and $438.47 million of assets under management. Among the 9 most similar advisory firms, Insigneo Advisory Services has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $811.77 million for 813 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 91% of the firm’s clients are foreign persons or businesses.

Insigneo Advisory Services doesn't advise any private funds.

Careers at Insigneo Advisory Services, LLC

The company employs 74 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 45 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.

Paul Edward Duffy has been acting as President since 1 Aug 2017. Daniel Deontanon joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Beatriz Gutierrez Junco	Chief compliance officer	1 Jan 2016	Other	6122419
Daniel Marc Schwartz	Director	1 Jan 2016	Other	5820451
Llc Insigneo Financial Services	Member	1 Feb 2017	75% - 100%	81-4913007
Paul Edward Duffy	President	1 Aug 2017	Other	2227111
Noemi Carmen Schaefer	Managing director/ corporate compliance and risk	1 Aug 2017	Other	2241064
George Washington Arnett	General counsel, chief risk officer and global compliance	1 Jan 2018	Other	1057806
Daniel Deontanon	President	1 Jan 2019	Other	2653594

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Rh Revocable Trust	Member	1 Dec 2006	75% - 100%	xxx-xx-xxxx
Raul Henriquez	Trustee	1 Dec 2006	Other	1647412
Llc R Henriquez Holdings	Shareholder	1 Feb 2017	75% - 100%	22-3931478
Inc. Northeastgis Holdings	Member	1 Feb 2017	25% - 50%	81-4889527
Insigneo Financial Group Llc	Member	1 Feb 2017	25% - 50%	81-4894533
Rh Children's Trust	Member	1 Feb 2017	25% - 50%	xxx-xx-xxxx
Sara Roxana Silva Henriquez	Co-trustee	1 Feb 2017	Other	6759348
Rhh Financial Group	Member	1 Feb 2017	25% - 50%	81-4894533
Llc Northeastgis Holdings	Member	1 Feb 2017	25% - 50%	81-4889527

Based in Miami

The principal office where Insigneo Advisory Services, LLC performs its advisory services is located at 777 Brickell Avenue, Suite 1010, Miami, FL 33131, which is also the mailing address of the firm. An additional office of the firm is in San Juan, PR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305.373.9000 or by fax 305.808.9830. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at insigneo.com.