2. The Company
• Compass International Wealth Mangement, LLC (“CIW”) was founded in 2014, in the
State of Florida, USA.
• CIW is an independent investment advisory business specialized in managing
financial investment to improve their performance in accordance with our client’s
interest
• CIW, as an advisor, follows each client’s individual objectives, risk parameters and
strategies. We do not keep custody of their assets. Each client chooses their
custodian.
• CIW has been licensed to operate as a Registered Investment Adviser (“RIA”) by the
Florida Office of Financial Regulation on May 4th, 2015.
• With over 50 years of combined financial market experience, the founders of CIW
have the expertise to guide you along the treacherous waters of financial markets,
much like a trusted compass to a sailor
3. What can CIW do for you
• As an independent RIA, CIW’s first priority is to provide advice in accordance to the
objectives and investment needs of the client.
• The relationship between CIW and it’s clients is based on mutual trust and the suitable
structuring and implementation in accordance to the financial objectives and individual
needs of the client.
• CIW charges fees calculated on the amount of assets under management. This means that
the success of our management and the benefit of our clients are deeply interwined.
• CIW has access to information, operations and, financial investment products in order to
succesfully satisfy our client’s investment objectives.
• In addition, the investment advisory activity allows us to offer, through third party
providers, a diverse range of wealth management related services.
• In the North American market, RIA’s have experienced a growth well above the orgánic
one of financial institutions, in the last 5 years. (see Appendix A)
4. Target Market
• For the near to medium term our target is the Hispanic market of
South Florida. For the immediate term, our target market is the mid-
segment of Venezuelan individuals and companies, who are not
being taken care of or, are being dropped, by the large financial
institutions.
• Given the present economic circumstances of Venezuela, it has
become essential to have financial investments outside the country,
especially in the United States, which allow for the mitigation of
country risk and preserve wealth by investing in hard currency
denominated assets.
• Having the necessary information and guidance about the North
American financial markets given its size and sophistication, is of
vital importance for prospective international clients . CIW is fully
prepared to provide this support.
7. International
services
Immigration
advice
Immigration
planning
Medical insurance
Government
programs
Housing
Portfolio
management
Investment policy
design and asset
allocation
Selection and
monitoring of
investments
Administrative
services
Preparation of
account
statements
Cash flow and
projections
Risk management
Documents and
records
management
Tax services
Tax planning
Presentation of
fiscal
documentation
Wealth transfer
Wealth planning
Estate planning
Planning for
seniors
Other services
Retirement
planning
Education planning
Concierge services
and other support
Our Service Offering*
Offshore
structures
*Accounting, tax and ,legal services offered through third party providers.
8. • The Custodian is the financial institution responsible for
safeguarding customer’s financial assets . The custodian is not
engaged in commercial banking operations. Because the
amounts of financial assets in custody tends to be extremely
large, custodians are generally very large and very strong
institutions.
• Interactive Brokers is CIW’s custodian:
www.interactivebrokers.com/es/home.php
www.interactivebrokers.com/es/index.php?f=6552
• This is information regarding the quality of Interactive Brokers
as a custodian :
https://www.interactivebrokers.com/en/index.php?f=riaCompliance&p=
duediligence
https://www.interactivebrokers.com/download/due-diligence-info.pdf
Custodian
9. Management team
• Christian J. Mendes
C.J. Mendes is a 25 year veteran of the financial services industry. Prior to co-founding
CIWM, Mr. Mendes owned and managed "Trading Options For Income“, an options trading
newsletter and trading service. Prior to TOFI, Mr Mendes worked for some of the most
prestigious firms on Wall Street including UBS/PaineWebber, Citi, HSBC and Wells Fargo.
Mr. Mendes has held Senior level positions within the client advisory and private wealth
management divisions of these firms and has extensive experience in structured product
development, derivatives/options and portfolio construction/management. Mr. Mendes has
held many regulatory licenses including the FINRA series 7, series 56, series 65, the NYSE
series 9/10, FINRA series 24, and the variable life insurance, health and annuity license in
the state of Florida. Mr. Mendes is fluent in English, Spanish and Portuguese.
• Alejandro G. Lara
Mr Lara, co founder of CIWM, has compiled an impressive resume. With over 35
years in financial services, Mr Lara has built a solid reputation both in his native
country of Venezuela and abroad in the area of capital markets and diversified
financial services. Mr Lara's ability to build and grow financial services companies
has been widely recognized both in Venezuela and here in the U.S. Mr. Lara has a
B.S. degree in business administration and an M.B.A. from Syracuse University in
N.Y. He speaks English, Spanish and French.
10. Management team
• Rolando Araujo
Mr. Araujo got his Venezuelan Law degree at the Central
University of Venezuela in 1971, with Post Graduate Degree in
Commercial Law at the UCV in 1978. Became a partner at the
law firm Tovar, Lange, Caracas, 1971-1985. Board of Directors
member 1972-1976 at Seguros La Paz. Law COUNSEL for
Seguros Nuevo Mundo C.A., 1979-1988. Law COUNSEL for
Sociedad Financiera MetroAmerica C.A., 1976-1980. Legal
Coordinator of Banco de Venezuela C.A., 1994-1998. Adviser for
arbitration proceedings, Miami, USA, 2010-2013.
11. Partner team
• Gabriela Planchart
Gabriela has over 28 years of international experience as a
professional in different leading positions in Finance, Banking,
Marketing, Customer Service, foreign company registration on the
NYSE, Latin American Markets and Investor Relations in companies
like Santander and Corimon. She has worked in various countries in
the Americas. She is currently responsible for Agent Health Insurance
planning at Blue Cross Blue Shield for Blue Texas, Montana, New
Mexico, Oklahoma and Illinois. She is an Electronics Engineer
graduate of Universidad Simon Bolivar, Caracas, has advanced
studies for MAcc and MSM HU-FL, an MBA from IESA, Instituto de
Estudios Superiores de Administracion.
• Diana Espino
Diana is a managing partner at Negocios en Florida LLC, a member of the
Association of Business Brokers in Florida. She has been a successful
business executive with extensive experience in investment banking and
trading. She developed her professional career in institutions like Citibank,
Bank of America and Banco Santander-Venezuela. In this position she was
EVP and member of the executive committee and the board of directors. She
holds an MBA from IESA and, is a civil engineer graduate of Universidad
Catolica Andres Bello. She has the following licenses: 215 , series 6 and 63.
12. Partners
• International Compliance Solutions: Is an external consulting compliance company,
established in Miami, which has a team of professionals who together have accumulated
more than 20 years experience in the financial markets of USA, Europe and Latin
America. Here we present information on its main partner:
– Juan Carlos Riera: with over 20 years experience in the international financial industry, which
includes managerial and leadership positions in areas of Risk, Compliance, International
Operations, Sales and Service, working for some of the most important international financial
institutions such as Merrill Lynch, Wachovia Securities & First Clearing LLC, serving in Venezuela,
Panama, United States and Switzerland. Mr. Riera is a graduate of the Law School of the Catholic
University Andres Bello (UCAB) in Caracas - Venezuela and has done graduate studies in areas
of administration, international management and regulation of the financial industry at the Instituto
de Estudios Superiores de Administración (IESA) in Caracas - Venezuela, the University of
Richmond in Virginia and the School of Global Management Thunderbird University. Additionally,
he has obtained different securities licenses in the United States. Mr. Riera speaks several
languages including English, Spanish and French.
• Nestor Guillen P., MBA CPA. is founder of GlobalBiz Tax and, very recently has partnered to
create the company GS & A, Guillen, Serrano & Associates. He was a partner in charge of tax
practice at Grant Thornton Venezuela (Gomez Guillen, Garnier y Asociados.) Mr. Guillen
completed the Graduate School of Management at DeVry University. He is also a chartered
accountant, CPA, licensed in Florida, Georgia and Venezuela
13. Annex A- about RIA’s
• The RIA sector is growing at an anualized rate of 8% and an
increase of $600 millions over the base of $1 trillion (Source: “The Cerulli Edge: U.S.
Asset Management Edition”, December 2014)
• The market share expanded 11,9% in 2013, compared to 9,2% in
2007 (Source: Diecember 2014, Cerulli Associates )
• In 2013, RIAs was the largest growth sector with a rate of 17.1%,
equivalent to $1.67 trillion of total assets under management (Source:
December 2014, Cerulli Associates )
• In 2010, there were $1.2 trillion managed by 27.930 RIAs. (Source: April 2013,
Cerulli Associates)
14. Annex A- about RIA’s
• In 2011, the figure grew to $1.4 trillion managed by 28,715 RIAs.
(FSource: April 2013, Cerulli Associates)
• RIAs have been able to hire 1,500 professionals coming from the
entire spectrum of the financial sector, managing an average of $48
million per adviser (Fuente: Abril 2013, Cerulli Associates)
• Comparatively, Independent Broker- Dealers grew at a rate of 1.4%
annually. Other financial asset management businesses decreased
by 1.9% ( Source: “The Cerulli Edge: U.S. Asset Management edition” December 2013)
15. • Adress: 2690 Weston Rd., Suite 200, Weston, FL 33331 USA
• Phone: 954 400 5641
• E-mail: a.lara@ci-llc.com
• Web site: www.ci-llc.com
• Whatsapp: 001 786 973 6556
• Skype: alar1949 – By appointment only
16. Non-Diversification Risk – Having a high percentage of assets in a
limited number of securities will make investment fluctuate more than
having them well diversified. Having said this, diversification is not a
guarantee of improved investment performance.
Depositary Receipt Risk (American Depository Receipts, European
Depository Receipts, Global Depository Receipts) – Receipts issued by
banks or trust company that evidence ownership of underlying
securities issued by a foreign corporation. Depositary Receipts will not
necessarily be denominated in the same currency as their underlying
securities.
The material enclosed was prepared and based on information
gathered mostly from you. Even though we believe in our clear
understanding of the information you provided and the reliability and
good faith of our sources, we cannot guarantee to its accuracy or
completeness.
Credit Risk – Investment may become illiquid or decrease in value if
guarantor of a debt security goes bankrupt or unable to make interest
payments or repay principal, or if debt credit rating changes negatively
affecting your capital invested and subsequently its applicable interest
or yields.
US Government Securities Risk – A security backed by the US Treasury
or the full faith and credit of the United States is guaranteed only as
the timely payment of interest and principal when held to maturity.
The market prices for such securities are not guaranteed and will
fluctuate.
All information and opinion as well as any prices and percentages
indicated are current only as of the date indicated and obviously
subject to change. In addition, past performance indicated or
discussed is never a guarantee or a prediction of future performance
as conditions and variables most likely will not be the same and
replication should not be expected.
Debt Instrument Risks – Debt instruments may have varying levels of
sensitivity to changes in interest rates, credit risk and other factors.
Generally the value of debt instruments falls when interest rates rise.
Debt instruments with longer maturities may fluctuate more in
response to interest rate changes than instruments with shorter
maturities. Many types of debt instruments are subject to prepayment
risks, which is the risk that the issuer of the security will repay
principal prior to the maturity date. Debt instruments allowing
prepayment may offer less potential for gains during a period of
declining interest rates. IN addition, changes in the credit quality of
the issuer of a debt instrument can also affect the price of a debt
instrument, as can an issuer’s default on its payment obligations. Such
factors may cause the value of investment to decrease.
If you receive Term Sheets of Offshore Investment: The [Securities]
have not been registered under the United States Securities Act of
1933, as amended (the “Securities Act”), the securities laws of any
state, or the securities laws of any other jurisdiction, nor is such
registration contemplated. We will offer and sell the [Securities]
exclusively to non-U.S. persons in offshore transactions made
pursuant to Regulation S under the Securities Act. For this purpose,
“U.S. person” means a U.S. person as defined in Rule 902(k) of
Regulation S under the Securities Act. All Investors that receive this
document by their acceptance thereof represent and warrant that (i)
they are not a U.S. Person as defined in Rule 902(k) of Regulation S
under the Securities Act and (ii) all offers to sell and offers to buy the
[Securities] were made to or by the Investor while the Investor was
outside the jurisdictional boundaries of the United States and, at the
time the Investor’s order to buy the [Securities] was originated, the
Investor was outside the jurisdictional boundaries of United States.
We are presenting a brief overview of common risks inherent to
investing, which not all of them will be applicable to your suitability
profile and portfolio, but please contact your advisor if in doubt or if
additional information is or may appear necessary:
Forward-Looking statements: These statements may be identified by
words such as “expect,” “should,” “could,” “shall,” and similar
expressions. We caution that such forward-looking statements are
qualified by certain risks and uncertainties that could cause actual
results and events to differ materially from what is contemplated by
the forward-looking statements. We disclaim any intention or
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events, or
otherwise.
Emerging Markets Risk – Risk of investing in emerging markets include
political or social upheaval, nationalization of businesses, restriction
on foreign ownership and prohibitions on the repatriation of assets.
There may also be risks from an economy’s dependence on revenues
from particular commodities or industries. In addition, currency
transfer restrictions, limited potential buyers for such instruments,
delay and disruption in settlement procedures and illiquidity or low
volumes of transactions may make exits difficult or impossible at
times.
WE DO NOT OFFER OR SELL SECURITIES TO U.S. PERSONS UNLESS
EITHER (A) THOSE SECURITIES ARE REGISTERED FOR SALE WITH THE
U.S. SECURITIES AND EXCHANGE COMMISSION AND WITH ALL
APPROPRIATE U.S. STATE AUTHORITIES; OR (B) THE SECURITIES OR
THE SPECIFIC TRANSACTION QUALIFY FOR AN EXEMPTION UNDER THE
U.S. FEDERAL AND STATE SECURITIES LAWS NOR DO WE OFFER OR
SELL SECURITIES TO U.S. PERSONS UNLESS (i) WE, OUR AFFILIATED
COMPANY AND THE APPROPRIATE PERSONNEL ARE PROPERLY
REGISTERED OR LICENSED TO CONDUCT BUSINESS; OR (ii) WE, OUR
AFFILIATED COMPANY AND THE APPROPRIATE PERSONNEL QUALIFY
FOR EXEMPTIONS UNDER APPLICABLE U.S. FEDERAL AND STATE LAWS.
Hedge Funds: Hedge funds are speculative investments and are not
suitable for all investors, nor do they represent a complete investment
program. Hedge funds are not subject to the same regulatory
requirements as mutual funds. An investment in a hedge fund involves
the risk inherent in an investment in securities, as well as specific risks
associated with limited liquidity, the use of leverage, short sales,
options, futures, derivative instruments,” junk” bonds and illiquid
investments. There can be no assurances that a manager’s strategy,
hedging or otherwise, will be successful or that a manager will use this
strategy with respect to all or a portion of the portfolio.
Foreign Securities Risk – Foreign instruments may involve greater risks
than investing in domestic instruments. They may be affected by
fluctuations in currency rates, political, diplomatic or economic
conditions and regulatory requirements (domestic or offshore). In
addition, the laws and accounting, auditing, financial reporting
standards in foreign countries may not be as strict as in the US, and
there may be less public information available about foreign
companies.
Statistical measures normally provided: Definitions below are
provided for your understanding. Beta, Sharpe Ratio and Standard
Deviation are statistical measures. Beta: Measures the volatility of a
security relative to a benchmark. For example, the S&P 500 Index has
a beta of 1. Any security with a higher beta is more volatile than the
market, and any security with a lower beta rises or falls more slowly
than the market.
Windmill Capital Inc. does not provide tax or legal advice: This
communication is not a covered opinion as defined by Circular 230
and is limited to Federal tax issues addressed herein. Additional issues
may exist that affect Federal tax treatment of the transaction. The
communication was not intended or written to be used and cannot be
used or relied upon by the recipient or any other person to avoid
federal tax penalties.
Currency Risks - The profit and loss in transactions in foreign currency-
denominated contracts or deposits (whether they are traded in your
own or another jurisdiction) will be affected by fluctuations in
currency rate where there is a need to convert from the currency
denomination of the contract or deposit to another currency.
Currency markets are not as regulated as securities markets.
Sharpe Ratio: Measures a fund’s return relative to its risk. The higher
the Sharpe Ratio, the better the risk/reward offered by the fund. The
risk free rate used in the calculation is the average 3-month T-Bill for
the previous 5 years, or since the Fund’s inception if the Fund is less
than 5 years old. Standard Deviation: Measures the amount of
variance of a security’s return around its mean. Generally the larger
the standard deviation, the greater the risk or volatility.
Concentration Risk – The performance, volatility, and risks may be
exacerbated when concentrating in a particular industry or sector. In
addition, it increases susceptibility to the particular area of focus of
the investment, which can be one of the following but not limited to
geographical, political, sector, industry, regulatory, etc.
Leverage Risks – The use of leverage can significantly augment the
effects on securities values and its volatility. The use of leverage may
exponentially increase losses in adverse environments. The rate of
increase will be directly proportionate to the percentage or amount of
leverage on the underlying security.
The latest ADV Form Part I & II can be found at the following site:
http://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_OrgSearc
h.aspx
DISCLOSURES
Editor's Notes
Se puede mostrar IB como si fuera el custodio del cliente
