Crypto advisory: how Vault Capital's crypto-asset advisory works

What crypto-asset advisory is

Crypto-asset advisory is professional advice on investing in digital assets: the advisor researches the market, defines an allocation strategy with the client and follows the portfolio over time. The advisor does not execute orders and has no access to the client's keys or accounts.

In Brazil, securities advisory is a regulated activity: it may only be performed with authorization from the Securities and Exchange Commission (CVM), under Resolução CVM nº 19/2021, which imposes duties of diligence, transparency and suitability to the investor's profile. Vault Capital is authorized by the CVM and publishes its regulatory documents on the compliance page.

Vault's advisory covers crypto-assets and fixed income in the same portfolio, with in-house research, technical, fundamental and quantitative analysis. For a longer explanation, read what crypto-asset advisory is and how it works on the blog.

Who crypto advisory is for

Advisory makes sense for anyone who already holds, or plans to hold, a relevant share of their wealth in crypto-assets and wants method instead of improvisation:

• Investors who want exposure to Bitcoin and other crypto-assets with clear criteria for allocation, position size and rebalancing.
• People already invested in crypto who need to organize portfolio, custody and taxes in one place.
• Families and companies that need a security and succession plan for digital assets.
• Investors in Brazil and abroad: Vault serves clients in 7 countries.
• Professional investors, who may opt for a hybrid fee model (advisory fee plus performance fee).

How the advisory works, step by step

The process has three steps and starts with a free, no-commitment conversation.

1. Step 01

   Diagnosis

   An initial conversation to understand your wealth, your goals and your experience with crypto assets. Free of charge, no commitment.

   • Initial conversation about your wealth and goals
   • Review of your experience with crypto assets
   • Free of charge, no commitment

2. Step 02

   Tailored plan

   An allocation proposal that combines technical, fundamental and quantitative analysis, suited to your profile and formalized in a contract.

   • An allocation proposal for your wealth and goals
   • Technical, fundamental and quantitative analysis
   • A proprietary mathematical model behind every decision
   • Suited to your investor profile
   • Formalized in a contract

3. Step 03

   Ongoing follow-up

   An exclusive app tracks your portfolio in real time: crypto and fixed income together, with your crypto taxes organized.

   • An exclusive app with crypto and fixed income in real time
   • Rebalancing alerts guided by our model
   • Crypto holdings, capital gains and tax due, ready for your tax return
   • An AI assistant that explains your numbers
   • Direct contact with your advisor for the decisions
   • Advisory, never custody: your assets stay in your name

What it costs and how Vault is paid

Vault is compensated through a consultancy fee based on the client's assets, charged monthly, as defined in the contract with each client. Professional investors may opt for a hybrid model that combines a consultancy fee and a performance fee.

Under Resolução CVM nº 19/2021, a securities advisor is paid by the client, not by selling products: Vault does not distribute products from brokers or exchanges. The exact fee depends on the assets under advisory and is presented in the proposal, after the initial diagnosis.

Advisory, broker agent or asset manager: what is the difference

All three are regulated by the CVM, but under different rules and with distinct roles. In short: in advisory the client decides based on recommendations and keeps custody; a registered investment agent (AAI, the former autonomous agent) distributes a brokerage's products and is paid by commission; an asset manager decides on behalf of the client, with discretionary power over the portfolio.

Frequently asked questions about crypto advisory

• What does a crypto advisory do?

  A crypto advisory analyzes the investor's wealth and goals, recommends an allocation in crypto-assets (and, in Vault's case, in fixed income too), sets rebalancing rules and follows the portfolio over time. It does not trade the client's account or hold the assets: the investor executes and keeps custody.

• Does crypto advisory require CVM authorization in Brazil?

  Securities advisory requires authorization from the Brazilian Securities and Exchange Commission (CVM) and is regulated by CVM Resolution 19/2021. Vault Capital is authorized by the CVM and publishes its regulatory documents on the compliance page. Before hiring any advisory, check the CNPJ and legal name on the CVM website.

• Does Vault trade my account or hold my crypto?

  No. Vault has no access, custody or control over clients' assets. Assets stay at the exchanges, brokers and wallets chosen by the client, in the client's name, and each trade is executed by the client based on the advisor's recommendations.

• How much does Vault's crypto advisory cost?

  Vault is compensated through an advisory fee based on the client's assets, charged monthly, as defined in the contract. Professional investors may opt for a hybrid model that combines an advisory fee and a performance fee. The exact fee is presented in the proposal, after the free initial diagnosis.

• Is there a minimum amount to hire the advisory?

  There is no published minimum. The fit between the investor's wealth, goals and the service is assessed in the initial diagnosis conversation, which is free and without commitment.

• Does the advisory guarantee returns?

  No. Vault does not guarantee returns. The crypto-asset market involves significant risks, including high volatility and the possibility of losing the invested capital. What the advisory offers is method: deep research, rigorous procedures and ongoing follow-up.

• What is the difference between crypto advisory and an investment agent?

  In advisory (CVM Resolution 19/2021), the advisor is paid by the client and recommends; the client decides and keeps custody. An investment agent (CVM Resolution 178/2023) is tied to a brokerage, distributes its products and is paid a commission on what is sold.

• Does Vault serve investors outside Brazil?

  Yes. Vault already serves clients in 7 countries. The initial conversation and the follow-up are done remotely, and the advisory app tracks crypto and fixed income in real time.

Read also

• Crypto-asset advisory: what it is and how it works (blog article)
• Vault Capital compliance and regulatory documents
• Frequently asked questions: is Vault Capital trustworthy?