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site title: Problems at XP Inc (XP) - by Edwin Dorsey - The Bear Cave

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problems at xp inc xp by edwin dorsey the bear cave the bear cave subscribe sign in problems at xp inc xp edwin dorsey aug 03 2023 paid 44 2 share xp inc nasdaq xp 14 8 billion is a brazilian investment services company on a mission to transform the financial markets in brazil to improve the lives of people in our country through a collection of more than 13 000 autonomous brokers xp offers a variety of financial products to brazilians ranging from stock trading credit cards and private funds the bear cave believes the xp model is on the brink of implosion with infuriated brokers a broken sales culture and meddling management among the company s many problems founded in 2001 xp has grown rapidly into a brazilian powerhouse that now serves over 4 million clients ranging from working families to multi millionaires many lower income clients self administer financial plans through xp s website while others use one of xp s 13 000 independent financial advisors ifas slide 5 of march 2023 investor presentation the company appears to have a typo in the middle left pane where 13 00 ifas should be 13 000 xp earns money through management fees commissions rebates spreads and other fees charged on the clients of xp s independent financial advisors in its most recent annual 20 f filing xp discloses its independent financial advisors are located in 2 558 offices in 242 cities across the country and form the largest independent financial advisor network in brazil which is a competitive advantage for xp that retail segment is crucial to xp and accounts for nearly three fourths of the company s revenue slide 11 of march 2023 investor presentation in short the success of xp depends on the success growth integrity and satisfaction of its independent financial advisor network the bear cave has doubts signs of trouble are easy to find on the anonymous employee review site glassdoor where some reviews have turned starkly negative in recent months one april 2023 review translated from portuguese reads extremely unethical company it forces employees to sell products based on goals without considering the customer s profile xp changes the campaign and payment rules close to the end of the semester another april 2023 review titled jump off the boat is translated to read this post is for paid subscribers subscribe already a paid subscriber sign in 2026 hunterbrook media privacy terms collection notice start your substack get the app substack is the home for great culture this site requires javascript to run correctly please turn on javascript or unblock scripts
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