XP Inc. is a Brazilian

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

company. The company offers fixed income,

equities In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

investment funds An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages inc ...

, and

private pension A private pension is a plan into which individuals contribute from their earnings, which then will pay them a private pension after retirement. It is an alternative to the state pension. Usually, individuals invest funds into saving schemes or mut ...

products, as well as offers wealth management and other financial services. XP serves customers in

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

and has offices in

São Paulo São Paulo (, ; Portuguese for 'Saint Paul') is the most populous city in Brazil, and is the capital of the state of São Paulo, the most populous and wealthiest Brazilian state, located in the country's Southeast Region. Listed by the GaWC a ...

Rio de Janeiro Rio de Janeiro ( , , ; literally 'River of January'), or simply Rio, is the capital of the state of the same name, Brazil's third-most populous state, and the second-most populous city in Brazil, after São Paulo. Listed by the GaWC as a b ...

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

Miami Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

and

Geneva Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaki ...

History

In 2001, Guilherme Benchimol and Marcelo Maisonnave created XP Investimentos CCTVM S.A., in

Porto Alegre Porto Alegre (, , Brazilian ; ) is the capital and largest city of the Brazilian state of Rio Grande do Sul. Its population of 1,488,252 inhabitants (2020) makes it the List of largest cities in Brazil, twelfth most populous city in the country ...

, as a company of independent investment agents. 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 3 million active customers and more than $130 billion in custody. It operates in several countries, mainly in Brazil and the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. It has over 8,000 investment advisors spread across 800 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. 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 Rico Corretora de Valores. In November 2022,

Aston Martin F1 Team Aston Martin is a British car manufacturer that has participated in Formula One in various forms. The company first participated in Formula One during the 1959 season where they debuted the DBR4 chassis using their own engine but it failed t ...

announced a partnership with XP as the team's official global financial services partner at the

2022 São Paulo Grand Prix The 2022 São Paulo Grand Prix (officially known as the Formula 1 Heineken Grande Prêmio de São Paulo 2022) was a Formula One motor race that was held on 13 November 2022 at the Interlagos Circuit in São Paulo, Brazil. Mercedes F1, Mercedes d ...

References

External links

* {{NASDAQ Financial-100 Companies based in São Paulo Companies listed on the Nasdaq Brazilian brands Brazilian companies established in 2001 Investment banks Banks established in 2001 Financial services companies established in 2001 2019 initial public offerings