X Square Capital, LLC (Hato Rey)

Name: X Square Capital, LLC
Address: Popular Center Building, Hato Rey, PR, 00918
Telephone: 787-282-1621

X Square Capital, LLC is a large advisory firm based in Hato Rey. It manages $396.14 million of regulatory assets for 54 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Puerto Rico.

X Square Capital provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

X Square Capital: assets under management

The assets under management (AUM) of X Square Capital, LLC is $396.14 million. The firm's AUM has grown by 244% since the beginning of its operation, and $135.37 million of the total AUM is attributable to clients outside of the United States.

The firm manages $391.47 million in discretionary accounts and $4.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.53 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.33 million.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is government bonds, which make up 30% of the firm’s portfolio. Investments in state and local bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay X Square Capital, LLC for their services and products based on a percentage of assets under management 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 X Square Capital serves?

The firm provides services to individuals, insurance companies, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of X Square Capital is pooled investment vehicles with 3 clients and $319.18 million of assets under management. Among the 6 most similar advisory firms, X Square Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $396.14 million for 54 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

X Square Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at X Square Capital, LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ignacio Manuel Canto	President, portfolio manage, chief compliance officer	1 Feb 2013	75% - 100%	4689916
Manuel Antonio Moreda	Executive vice president, portfolio manager	1 Jun 2013	Other	5407427
Jose Gualberto Nater	Vice president & portfolio manager	1 Aug 2013	Other	5603430
Roberto Jesus Prohias Fernandez	Head of business development and investors relations	1 Jul 2015	Other	6519475
Gabriel Antonio Medina	Chief compliance officer	1 Aug 2015	Other	6541317
Ruben Antonio Tapia Vargas	Chief compliance officer/chief financial officer	1 Jul 2018	Other	5407600

Based in Hato Rey

The principal office where X Square Capital, LLC performs its advisory services is located at Popular Center Building, Hato Rey, PR 00918, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 787-282-1621 or by fax 787-765-4600. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at xsquarecapital.com.