XP Inc. Provides Data on IFA Activity in Brazil
XP was founded in 2001 as an
Regarding the background of our
Due to our DNA and focus on providing the best platform for these professionals and for our clients, we strive to constantly develop the
XP supports IFAs throughout their entire journey, from the onboarding and certification process all the way to the creation, development and growth of each office based on best practices and our expertise in this channel. We also have dedicated technology teams to provide the best solutions, such as a proprietary and exclusive application for advisors, CRM intelligence, back-office infrastructure and more.
We believe that our client NPS score of 71 as of May-2020, high ratings on App Stores and the Data Folha award for best investment advisory company in
During the last two years, a total of 18
In our view, the clients' decision to keep their funds invested with us is something we are very proud of, reflecting our focus on providing the best experience and the trust built over our 19 years of history, always doing the right thing and playing by the rules. Nevertheless, we recognize that we have a lot to improve, and we are working hard at it, always focusing on the customer.
Finally, we would like to reinforce our commitment to all IFAs who are leading a huge transformation in the Brazilian financial market. With around 5,000 new entrants to the profession over the last 5 years, IFAs are, alongside XP, democratizing investments for millions of Brazilians.
Exhibit 1: Direct Custody Migration from Departing Office to New Broker Dealer
(Direct Outflows Until X Months after Exit) / (AUC at Exit Date)
|IFA Office||Direct Outflows to New Broker|
|Total AUC (R$ mn)||9,926||11%||13%||7%|
¹IFA office #12: out of the 46-47% of outflow, roughly 90% was concentrated in one single corporate client.
Source: XP Data Tools
XP is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in
- Educating new classes of investors;
- Democratizing access to a wider range of financial services;
- Developing new financial products and technology applications to empower clients; and
- Providing high-quality customer service and client experience in the industry in
XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control.
XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.
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|Investor Contact: email@example.com|
|IR Website: investors.xpinc.com|
Source: XP Inc.