XP Inc.

XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and have offices in São Paulo, Rio de Janeiro, New York, Miami, Cayman Islands, London and Geneva.[1]

XP Inc.
TypePublic
NASDAQ: XP
IndustryFinancial Services
FoundedMay 2001
FounderGuilherme Benchimol and Marcelo Maisonnave
Headquarters
São Paulo
,
Brazil
Key people
Guilherme Benchimol (CEO)
Number of employees
1,200
SubsidiariesXP Investimentos
Clear
Rico
Websitewww.xpinc.com

History

In 2001, Guilherme Benchimol and Marcelo Maisonnave created XP Investimentos CCTVM S.A., in Porto Alegre, as a company of independent investment agents.[2]

In 2005, XP Resource Management, a resource management company, was created. With the incorporation of Americainvest CCTVM Ltda. In 2007, XP Investimentos became a broker. Currently, the company has more than 580 thousand active customers and more than $ 200 billion in custody. It operates in several countries, mainly in Brazil and the United States. It has over 3,200 investment advisors spread across 600 offices.

In 2011, XP announced the acquisition of Interfloat and Senso Corretora. In addition, in October 2011, the company also formalized the purchase of Infomoney.[3]

In 2012, XP announced the joining of forces with Prime Corretora.

In July 2014, it announced the purchase of Clear Corretora for $ 90 million.

In December 2016, XP Investimentos announced that it had acquired the company Rico Corretora de Valores.

References
  1. Bloomberg L.P. (10 December 2019). "Brazil Broker XP Surges in Debut After $1.96 Billion IPO". Retrieved 10 January 2020.
  2. França, Carolina (29 October 2013). "Guilherme Benchimol, o professor de finanças que criou a XP". Exame (in Portuguese). Retrieved 10 January 2020.
  3. Pavini, Angelo (8 September 2011). "XP Investimentos compra InfoMoney e reforça braço on-line Valor Econômico". Valor Econômico (in Portuguese). Retrieved 10 January 2020.
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