What is the relationship between XP Inc and the Independent Financial Advisers (IFAs)?
The IFAs are representatives of XP, which means they use our infrastructure and product platform in order to provide services for their clients. For that service, they receive commissions and are subject to compliance, audit, training and suitability rules imposed by both the regulators and XP.
What commissions are paid to the IFAs?
The IFAs are paid through commissions on products (fixed income, funds, etc) or through a fixed annual percentage fee on the client’s total assets. This compensation model is agreed upon between the IFA and the client.