Deltec Investment Advisers Limited (Nassau)

Deltec Investment Advisers Limited is an adviser based in Nassau. It manages $23.79 million of regulatory assets for 49 client accounts. It has been registered with the SEC as an adviser since 2013.

Deltec Investment Advisers Limited provides financial planning services, 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.

Deltec Investment Advisers Limited: assets under management

The assets under management (AUM) of Deltec Investment Advisers Limited is $23.79 million. The firm's AUM has gone down by -39% since the beginning of its operation, and $19.34 million of the total AUM is attributable to clients outside of the United States.

The firm manages $18.37 million in discretionary accounts and $5.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $510.19 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $417.01 thousand.

Investments

The firm invests in government bonds the most. They account for 49% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Deltec Investment Advisers Limited for their services and products based on a percentage of assets under management. 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 David Munoz serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Munoz is high net worth individuals with 24 clients and $17.23 million of assets under management. Among the 3 most similar advisory firms, Deltec Investment Advisers Limited has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $23.79 million for 36 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 68% of the firm’s clients are foreign persons or businesses.

Deltec Investment Advisers Limited doesn't advise any private funds.

Careers at Deltec Investment Advisers Limited

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 receive compensation from other entities for client referrals.

David Munoz has been acting as President since 1 Feb 2013. Jerryse Avaida Rolle joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Deltec International Group	Majority shareholder	1 Dec 2012	75% - 100%	cr-97356
David Munoz	President	1 Feb 2013	Other	2785312
Terence Girling	Secretary	1 Feb 2013	Other	6179928
David (Nmn) Munoz	President	1 Feb 2013	Other	2785312
Terence Edward Girling	Secretary	1 Feb 2013	Other	6179928
Lianne Johnson	Chief compliance officer	1 Mar 2013	Other	6181200
Jeunesse Nonyelim Osadebay Bullard	Chief compliance officer	1 Dec 2016	Other	6738394
Jean Jacques Pierre Chalopin	President	1 Jul 2018	Other	6782106
Jerryse Avaida Rolle	Chief compliance officer	1 Apr 2019	Other	7101049

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Halcyon Properties Ltd	Shareholder	1 Dec 2010	25% - 50%	03116208 156,470 b
Yarra Nominees Limited	Shareholder	1 Dec 2010	75% - 100%	48,894
Jean Jacques Pierre Chalopin	Shareholder	1 Dec 2010	25% - 50%	6782106

Based in Nassau

The principal office where Deltec Investment Advisers Limited performs its advisory services is located at Deltec House, Lyford Cay, Nassau, N 3229, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 1-242-302-4110 or by fax 1-242-362-4623. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.