United Brokers S.A. (Agente De Valores) (Montevideo)

Name: United Brokers S.A. (Agente De Valores)
Address: Paraguay 2141 Floor 12 Office 1201, Montevideo, 11800
Telephone: 5982 927 25 52

United Brokers S.A. (Agente De Valores) is an adviser based in Montevideo. It manages $69.26 million of regulatory assets for 138 client accounts. It has been registered with the SEC as an adviser since 2012.

United Brokers S.A. (Agente De Valores) provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as foreign and regulated investment adviser.

United Brokers S.A. (Agente De Valores): assets under management

The assets under management (AUM) of United Brokers S.A. (Agente De Valores) is $69.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 413% since the beginning of its operation, and $69.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $69.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $501.89 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 30% of the total AUM. The second-largest asset type is derivatives, which make up 30% of the firm’s portfolio. Investments in non-exchange traded securities form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay United Brokers S.A. (Agente De Valores) for their services and products based on commissions and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sara Silvia Goldring serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Sara Silvia Goldring is individuals with 110 clients and $36.02 million of assets under management. Among the 2 most similar advisory firms, United Brokers S.A. (Agente De Valores) has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $69.26 million for 138 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

United Brokers S.A. (Agente De Valores) doesn't advise any private funds.

Careers at United Brokers S.A. (Agente De Valores)

The company employs 14 people that are either part- or full-time employees. 21 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 don’t receive compensation from other entities for client referrals.

United Brokers S.A. (Agente De Valores) is owned by Dario Gustavo Cukier. Sara Silvia Goldring has been acting as President since 1 Nov 2011. Martin Cukier joined the executive team most recently as the Shareholder And Trader.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Laura Panizza	Certified public accountant	1 Nov 2002	Other	5213682
Dario Gustavo Cukier	Owner	1 Oct 2003	75% - 100%	4997662
Paul Fabien Arrighi	Lawyer	1 Aug 2005	Other	5213663
Claudia Gutierrez	Independent public accountant	1 Aug 2005	Other	5213673
Martin Cukier	Trader	1 Feb 2011	Other	6048669
Sara Silvia Goldring	President	1 Nov 2011	Other	4997657
Juan Mauro Duran	Chief compliance officer	1 Jan 2013	Other	6314974
Marcelo Introini De Barcellos	Independent public accountant - external auditor	1 Jun 2013	Other	6314972
Martin Cukier	Shareholder and trader	1 Jan 2017	25% - 50%	6921117

Based in Montevideo

The principal office where United Brokers S.A. (Agente De Valores) performs its advisory services is located at Paraguay 2141 Floor 12 Office 1201, Montevideo, 11800, 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 5982 927 25 52 or by fax 5982 927 25 53. The normal business hours are 8 on Monday - Friday. You can find more information about the New York firm at uburuguay.com/.