Passfolio partners with RB Investimentos to acquire clients in Brazil

We are happy to announce that Passfolio has partnered up with RB Investimentos to offer more confidence to our Brazilian customers.*

In accordance with Comissão de Valores Mobiliários (CVM) requirements, we are partnering with a local and regulated institution to serve investors in Brazil.

This is a big milestone and will help us democratize access to investments for more individuals!

What does this change for current customers?

If you’re already a Passfolio user, nothing will change for you! This partnership will bring more confidence for our Brazilian customers, making Passfolio aligned with local regulations.

As we are a US regulated broker-dealer, nothing will change on your account. Passfolio is a member of FINRA and SIPC, so your account is protected up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

What does this change for Passfolio?

With this new partnership, Passfolio will aim even higher in the goal of democratizing investments throughout the world.

Now, we will be able to actively reach out to Brazilian customers and increase our user base in Brazil, helping people access investments abroad and take a step towards a dollarized portfolio.

* Passfolio Securities, LLC (“Passfolio”) is a member of FINRA and SIPC, authorized to operate in the United States of America, under regulatory registration CRD#: 299874 / SEC #: 8-70262. FINRA BrokerCheck reports for Passfolio Securities LLC are available at https://www.finra.org/brokercheck.

Passfolio is not authorized by the Brazilian Securities and Exchange Commission (CVM) to directly offer securities distribution services to investors resident, domiciled or incorporated in the Federative Republic of Brazil. Nothing here should be understood as a service offering addressed to these investors.

According to CVM’s guideline (“Parecer de Orientação”) No. 33, Passfolio hired RB Capital Investimentos Distribuidora de Títulos e Valores Mobiliários Ltda. (“RB Investimentos”), a Brazilian securities distributor duly authorized by the Central Bank of Brazil and by the CVM, through which RB Investimentos provides the offer of Passfolio to investors resident, domiciled or incorporated in the Federative Republic of Brazil.

The services provided by RB Investimentos should not be understood as an offer of securities directed to these investors. Although RB Investimentos has been contracted to provide Passfolio services, Passfolio offers its services exclusively in the United States of America and under the rules and regulations applicable in that country.

As this is an investment made directly in the United States of America through Passfolio, such services have not been registered nor are they subject to the supervision of the CVM or other Brazilian regulatory body, so that the investor must have knowledge of the language and local regulations.
Passfolio is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

Investing in securities involves risk, including possible loss of the principal. The securities are not covered by the FDIC (Federal Deposit Insurance Corporation) and have no bank guarantee.

When an investment is denominated in a currency other than the investor's currency, changes in exchange rates may have an adverse effect on the value, price or income derived from the investment.

Passfolio does not make recommendations or offer advice on financial investments, or on legal or tax matters. All information provided is of a general nature and is not intended to replace individual and specific advice on taxes, laws or investment planning. Investors should inform themselves and, when appropriate, consult a professional about possible tax consequences associated with the offering, buying, holding or disposing of shares in accordance with the laws of their country of citizenship, residence, domicile or incorporation. Legislative, administrative or judicial changes can modify the tax consequences and, as is the case with any investment, there is no guarantee that the proposed tax position or tax position that prevails when an investment is made will last indefinitely. No information should be considered as an offer, recommendation, solicitation of offer or advice to buy or sell any security.

Investors resident, domiciled or incorporated in the Federative Republic of Brazil who have become or will become Passfolio customers through RB Investimentos can contact the following email address: suporte@passfolio.us