NDURE is organized as a New York limited liability company under the laws of the State of New York and
is a registered Investment Adviser with the SEC. NDURE has been in business since July 26, 2023 and has
been registered with the SEC since July 30, 2023. NDURE is wholly owned by Pedro de Oliveira Fiuza.
NDURE is an independent multi-family office. Its overall business model is to provide investment advisory
services to high-net-worth individuals, families, estates, trusts, endowments, foundations, charitable
organizations, corporations, or other qualified entities (“Clients”). The Firm works with Clients to help
them define appropriate investment objectives and to design and implement an investment process that
seeks to achieve those objectives.
NDURE’s investment advisory services include, but are not limited to, asset allocation analysis, instrument
and security selection, performance reporting, and portfolio monitoring. NDURE provides advisory
services to Clients on a non-discretionary or discretionary basis. With respect to non-discretionary Clients,
if the Client approves NDURE’s trade recommendation, the Firm can arrange or effect the approved
transaction at the request and on behalf of the Client. With respect to discretionary Clients, the Firm
arranges or effects transactions on behalf of the Client (please refer to the section on Investment
Discretion for additional information on discretionary Clients).
Clients select the financial institutions that custody their assets. NDURE can recommend a particular
custodian to our Clients, at their request, but the Firm does not receive any compensation from the
custodians for such recommendations (please refer to the section on Brokerage Practices for additional
information). NDURE assists Clients in establishing investment objectives, return expectations, risk
tolerance, measuring time horizons,
liquidity needs, and other Client-specific requirements, which are set
forth in the Client’s Investment Policy Statement. The Investment Policy Statement also includes specific
portfolio management parameters and associated restrictions by instrument type, asset class, sector, and
geography, as applicable.
Based on the Investment Policy Statement, NDURE offers investment advisory services regarding the
following instruments and, on occasion, others not included below:
• Fixed income, including, but not limited to, investment grade and high yield corporate bonds
• Municipal securities
• Exchange traded funds
• Equity securities: exchange listed, over-the-counter, and foreign securities
• Private equity funds and direct private equity
• Hedge funds and other alternative investments
• Certificates of deposit
• Managed accounts
• Mutual funds
• Options and other derivative products
From time to time, NDURE offers non-advisory services to its Clients including, but not limited to, reporting
services and the coordination of the following: legal and strategic business planning, wealth transfer
planning, estate planning, research on trustee placement, and select administrative services. However,
NDURE does not provide legal or tax advice.
Clients may impose reasonable restrictions on investing in certain securities or types of securities for their
account(s) if NDURE determines, in its sole discretion, the conditions would not materially impact the
performance of a management strategy or prove overly burdensome to the Firm’s account management
efforts.
As of December 30, 2024, NDUREs’ Regulatory Assets Under Management (“RAUM”) totaled
$183,152,601.
Our AUM consisted of $63,681,459 of discretionary managed assets and $119,471,142 of non
discretionary managed assets.