LV Advisory SPA

LV Advisory sponsors a wrap fee program and provides non‑discretionary investment advisory services to clients who participate in that program. It primarily serves high‑net‑worth individuals from Latin America and refers program participants to selected U.S. registered investment advisers (U.S. Portfolio Managers) for implementation of investment strategies.

The firm conducts a suitability analysis and monitors recommended strategies, using affiliate systems to calculate performance and a unit of its affiliated broker‑dealer (LV Estrategia) to review and evaluate the U.S. Portfolio Managers’ trade recommendations before communicating orders to clients or transmitting them on the client’s behalf. Portfolios offered through the program span conservative to aggressive allocations, and the firm describes an investment process that combines econometric models, fundamental analysis and ongoing tracking‑error monitoring.

What is unusual relative to many peer investment managers is that LV Advisory acts as the sponsor of a wrap fee program (a relatively rare role), is organized with a principal office outside the U.S., and is affiliated with a broker‑dealer that performs client profiling, order‑passing and portfolio review. The brochure also discloses that LV Advisory expects to be compensated via referral fees from U.S. Portfolio Managers (rather than solely by traditional percentage‑of‑AUM fees), that clients are subject to a US$1 million program minimum, and that the firm does not accept authority to vote client securities.