HELP

Next is a Miami-based Investment Advisor that through strategic alliances with BlackRock as a model provider, and Interactive Brokers as asset custodian, provides access to different investment portfolios.

Yes, Invex Next, LLC is an entity registered as an RIA (Registered Investment Advisor) and regulated by the SEC (Securities and Exchange Commission).

Our mission is to become the digital solution that helps every Latin American resident with offshore financial goals, thanks to its cutting-edge technology, strategic alliances with long-standing companies and a talented team. Our priority is maintaining trust and transparency, constantly innovating and fulfill our clients’ financial needs.

Next is characterized by its transparency, convenience, security, efficiency and professional management.

• Transparency: its technology allows the client to access and manage their account at all times, offering comfort and transparency.
• Convenience: the Next by Invex APP experience offers the client different solutions to satisfy their offshore financial needs in one place.
• Security: Next is cyber-secured with 256-bit encryption, and is a regulated entity registered with the U.S. Securities and Exchange Commission (SEC). In addition, Interactive Brokers offers account protection up to USD 500,000 through the SIPC.
• Tax efficiency: the use of UCITS ETFs in portfolios provides tax efficiency.
• Professional management: Long-standing allies such as BlackRock and Interactive Brokers allow clients to rely on a first-class professional financial service.

No. You don’t need a U.S. bank account to invest with Next by Invex. You can transfer funds from a bank account in your country of residence to your Next by Invex investment account, as long as the originating account is under the same ownership. Please note that third party transactions are not acceptable.

To open an account you will need to

• Be a tax resident of a Latin American country (W-8 Investor, Offshore/NonUS) or the US.
• Have a valid ID.
• Have proof of address such as utility bills, bank statements, etc.

• 1. Log in to the Next by Invex website or mobile app (available on iOS and Android)
• 2. Click on “Open your account”.
• 3. Answer a few questions to determine your risk profile.
• 4. Enter your personal and financial information.

After completing the account opening steps, the information will be validated by Next by Invex's compliance team and then by Interactive Brokers within 3 to 5 business days. You will receive an email when the account is being processed internally, and once it is approved.
If you need more information and/or documentation, you will also receive an email from the support team.
And if you have any questions, you can always contact our customer support team.

Yes, Next by Invex offers joint accounts with right of survivorship (JWRS) for up to two holders. The second holder must be registered at the beginning, during the account opening process, and also provide the required documentation: ID and proof of address.
Once the account is opened, a second holder cannot be added.

You can fund your account with a wire transfer. Once your account has been opened, you will receive a welcome email with the bank information to make a deposit. Please note that third party deposits are not accepted.

Yes, you can withdraw money from your account whenever you want without penalties. The process takes 3 to 5 business days and third party transfers are not allowed. Next by Invex does not charge any fees for withdrawals. The first withdrawal of the month is free. From the second withdrawal of the month, Interactive Brokers charges USD 10 per withdrawal. Please note you may receive less funds due to fees charged by the intermediary or receiving bank, and/or any applicable foreign taxes.

There are no minimum or maximum limits for deposits or withdrawals.

Yes, your assets are held in an account under the custodian of Interactive Brokers, so when you open an account with NEXT, you also open an account with Interactive Brokers.

Annual fees are calculated based on assets under management as follows:

• From $50,000 to $250,000: 1.85% annual
• From $250,001 to $500,000: 1.65% annual
• From $500,001 to $1,000,000: 1.25% annual
• Over $1,000,001: 1.10% annual
• Fees include commissions or any type of transaction, including but not limited to transaction fees, rebalancing and portfolio changes.

Normally, funds are invested on the next business day they are received, according to the portfolio selected in the investment account.

All investments have some sort of risk. The assets in your portfolio are subject to the risk and volatility of the financial markets. If the markets go up, the value of your account will most likely go up. When the markets go down, your account is likely to go down in value. Although in the short term volatility is a normal part of the markets, historically, in the long term it is very likely that your investments will go up in value.

Your capital is under the custody of Interactive Brokers, LLC, a FINRA registered broker-dealer (www.finra.org) and regulated by the U.S. Securities and Exchange Commission (SEC). Customer investment accounts at Interactive Brokers LLC are insured by the Securities Investor Protection Corporation (SIPC) for up to USD 500,000. For more information about the SIPC agency, please visit www.sipc.org.

Yes, you can close your account at any time without penalty. It normally takes 3 to 5 business days to close the account.

To reset your password, you must log in to the website or app. Instead of entering your login credentials, at the bottom you will find the option, "Forgot your password?". Once you enter the email associated with the account, you will receive an email with the steps to follow.

Once you access your account in the Next by Invex portal, you must go to the "Account Statements" tab, where you will find your monthly account statements.

To obtain an annual report, for the last year (YTD) or for a specific time frame, you can request it from the Next by Invex's support team.

Once you access your account in the Next by Invex portal, you must go to the “Activity“ tab, where you will find the history of your account’s deposits and withdrawals.

You can download the Next app on iOS and Android.

To set up the biometric login, you will need to go to the drop-down menu within the mobile app, and then select the "Settings" option. Then, enable the "Face ID/Finger ID Authentication" option so that it is activated.

Our investment philosophy is based on two fundamental financial principles: modern portfolio theory and passive index investing. Modern portfolio theory: is an investment theory that studies how to maximize return, relative to a given risk, or minimize risk, relative to an expected return through an appropriate choice of the components of a portfolio of securities. Developed by Harry Markowitz, it proposes that the investor should approach the portfolio as a whole, studying the overall risk and return characteristics, rather than choosing individual securities by virtue of the expected return of each particular security. Passive index investing: This principle states that the attempt to select which securities are overvalued or market timing, are useless to outperform average portfolios. The portfolios are designed to match the client's level of risk, while being globally diversified. They use UCITS ETFs, as they provide sophisticated diversification and liquidity, as well as being tax efficient for investors.

Your money is invested according to the risk profile selected during account opening. During the registration, an investment portfolio is recommended based on your answers, which you can confirm or opt for another risk profile. In the future, you can change your portfolio as many times as you want at no cost and the capital will be invested automatically.

A risk profile is established according to your investment experience, age, investment horizon, financial goals and your capacity to assume losses, that is, your tolerance to volatility. We seek to determine an investment portfolio that fits your profile according to your risk and return expectations. However, after you have completed the questionnaire to determine your investment profile, you may select a different portfolio than the one recommended based on your answers.

Yes, once the account is approved, it opens with the portfolio selected at the beginning. If you wish to change your portfolio, you may do so without any restrictions, penalties, or costs.

Yes, you can invest in more than one portfolio at the same time. Contact the Next by Invex’s support team to help you process this request.

UCITS ETFs are financial instruments registered in Europe that typically track an index of stocks, bonds or other assets. UCITS ETFs are listed on an exchange and trade like stocks. UCITS ETFs provide excellent diversification, ample liquidity and are tax efficient.