BRIEF DESCRIPTION
Azimut Genesis Advisors LLC, a limited liability company was originally established in March 2000 as BSI
Investment Advisors LLC, but in April 2005 became Genesis Investment Advisors LLC. On September 28,
2020, AZ US Holdings acquired a majority ownership of Genesis Investment Advisors resulting in the name
change to Azimut Genesis Advisors ("AZ Genesis"). AZ Genesis is incorporated in Delaware and domiciled
in Florida with its primary place of business in Miami, FL. AZ Genesis is owned by Azimut Genesis Holdings
LLC (Formerly RGP2 LLC), a privately held limited liability corporation which is subsequently majority
owned by AZ US Holdings.
AZ Genesis provides both discretionary and non-discretionary investment advisory services to high-net-
worth individuals and institutional clients.
ASSETS UNDER MANAGEMENT
As of December 31, 2022, AZ Genesis has an approximate total of $ 392,536,918 in assets under
management. Approximately, $ 283,056,422 is non-discretionary, and $ 109,536,496 is discretionary.
ADVISORY SERVICES OFFERED
As a SEC Registered Investment Advisor, AZ Genesis provides investment advisory services to individuals
as well as to institutional clientele. When providing investment advisory services to its clients, AZ Genesis
investment advisory services are provided through various types of discretionary and non-discretionary
accounts (the “Accounts”) in accordance with each client’s investment objective and pursuant to the
terms outlined in its investment advisory agreement. AZ Genesis discretionary and non-discretionary
investment management services include the design, structure, and implementation of investment
strategies for Managed Accounts. Investment advisory activities focus on investments in various kinds of
assets and securities in a variety of markets that are intended to be in the client’s best interest considering
the client’s objectives, strategies and risk profile as described by each client during an interview process.
Clients may impose restrictions on investing in certain securities or types of securities. Each agreement
typically defines the services to be provided and the fees will be agreed to in the advisory agreement.
Regardless of the type of the account (discretionary or non-discretionary) the client enters into, AZ
Genesis has continuous and regular supervisory or management services over the relationship.
The overall advisory services offered by AZ Genesis fall within the following categories listed below.
Non-Discretionary Advisory Services
AZ Genesis provides non-discretionary advisory services to both institutional and retail clients in
accordance with a nondiscretionary advisory agreement between AZ Genesis and the client. Each client
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is required to sign an investment advisory agreement (non-discretionary) where they state their
investment objectives, risk profile and overall financial profile. In the agreement, AZ Genesis clearly
disclosed all fees and costs associated with the investment advisory mandate. Also, in this agreement AZ
Genesis discloses and the client acknowledges if there is cash compensation to a promotor for referring
the relationship to AZ Genesis.
Each agreement defines the services to be provided and fees to be charged. The fees will be agreed to in
the advisory agreement. AZ Genesis also provides recommendations regarding the investment of
securities and cash in a client’s account. These services are individually tailored to each client’s needs and
such advice may be provided to accounts with assets maintained at various third parties.
Under the non-discretionary mandates, AZ Genesis designs a specific investment strategy considering
each client’s risk profile, investment objective and financial goal outlook. In a non-discretionary
relationship, AZ Genesis will provide investment advice
to clients, and it is up to the client to execute the
strategy with their individual custodian. However, AZ Genesis will, when authorized by the client, may
assist in the implementation of such strategies by forwarding instructions to the client’s custodian and
arranging/effecting the purchase or sale of the securities we advise on. On these instances, AZ Genesis
will discuss the recommendations and obtain the clients consent prior to implementing the advised
strategy.
Discretionary Advisory Services
AZ Genesis offers discretionary Separately Managed Accounts that focus on investments in specific and
limited kinds of assets and securities, in limited markets, or they may be broad-based across many asset
classes and markets. Such accounts are intended to fit within the investor’s objectives, strategies and risk
profile as described by each client. The strategies utilized for these customized accounts are based on AZ
Genesis core strategies for different investment objectives and goals. Currently, AZ Genesis discretionary
managed accounts fall within the following profiles:
Income Plus: designed for investors who seek to maximize current income, wish a significant degree of
principal protection and diversification into alternative investments. Investments, generally, are limited
to fixed income securities (including preferred securities and high yield securities) and alternative
investments.
Income Latin America: For investors seeking high current income and long-term growth potential and who
understand the risks of investing in emerging Latin American markets.
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Growth: For investors seeking to maximize their investment return through investment in equity securities
and/or alternative investments. Attractive for those seeking currency and global diversification in equity
markets and alternative investments.
Custom: The investment objectives and guidelines for custom accounts will be agreed upon by AZ Genesis
and the client on a case-by-case basis.
The client works with an account manager in choosing the investment strategy most in line with his/her
investment goals, objective, and acceptable risk level. Under normal market conditions, AZ Genesis invests
all or part of its clients’ assets in portfolios of marketable securities and / or funds (on shore and offshore
funds, including non-registered funds and Hedge Funds). Each client is required to sign a discretionary
investment advisory agreement where they select a specific strategy. In the agreement, AZ Genesis clearly
disclosed all fees and costs associated with the investment advisory mandate.
Portfolio Consolidation Services AZ Genesis also provides portfolio consolidation services designed for
clients using multiple custodians and / or asset managers. This service provides an overview of the client’s
consolidated portfolio and several analytical tools to help optimize asset allocation, risk, performance,
and cost. Reporting is customized to the client’s needs and requirements.
The portfolio consolidation offered by AZ Genesis is part of its services and is a non-investment advisory
product or service.
See Item 8 for AZ Genesis’ methods of analysis, investment strategies and potential risk of loss associated.
INVESTMENT TYPES
AZ Genesis can invest clients’ assets in, but is not limited to, the following types of investments:
Emerging Market Debt
Sovereign Debt
Corporate Debt Securities
UCITS funds
Private funds (including the SIFs)
Equity Securities
Exchange Traded Funds
Commercial Paper
Certificates of Deposit
Mutual Fund Shares
Unites States Government Securities
Options Contracts on Securities and Commodities
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Futures Contracts on Intangibles
Other High-Quality Liquid Short Term Instruments
Pooled Investment Vehicles
See Item 8., Risk of Loss
WRAP FEE PROGRAMS
AZ Genesis does not participate in wrap fee programs.