Fep Wealth, Llc
- Regulatory AUM
- $1.4B
- Discretionary
- $0
- Clients
- 28
- Avg AUM / client
- $48.9M
- Accounts
- 131
- Employees
- 10
AUM over time
Annual snapshots from Form ADV filings · as of Jun 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | Fewer than 5 | $1.0M | 0.07% |
| High net worth individuals | 28 | $1.4B | 99.8% |
| Charitable organizations | 0 | $1.1M | 0.08% |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Gasco Sales, Rafael | Shareholder | Nov 2015 (11y) | ≈ 18.75% – 50% via Do Ut Des Partners S.L. | |
| Cervantes, Daniel | Shareholder | Sep 2020 (6y) | ≈ 12.5% – 37.5% via Family Enterprise Partners, S.L. | |
| Rafael, Alberca | Managing Director / Principal / Cco | Sep 2020 (6y) | ≈ 12.5% – 37.5% via Family Enterprise Partners, S.L. |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Do Ut Des Partners S.L. | Member | Jul 2020 | A | 75% or more |
| Family Enterprise Partners, S.L. | Member | Nov 2020 | A | 25% – 50% |
Estimated effective ownership (look-through of filed bands):
- Gasco Sales, Rafael: 25% – 50% of Do Ut Des Partners S.L. × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Cervantes, Daniel: 50% – 75% of Family Enterprise Partners, S.L. × 25% – 50% direct ≈ 12.5% – 37.5% of the firm
- Rafael, Alberca: 50% – 75% of Family Enterprise Partners, S.L. × 25% – 50% direct ≈ 12.5% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/24/2026 | 1010 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- UBS $341M (25% of AUM) Jun 2026
- Grupo Bursatil Mexicano Sa De Cv $308M (22% of AUM) Jun 2026
- Citigroup Global Markets Inc. $212M (16% of AUM) Jun 2026
- J.P. Morgan $155M (11% of AUM) Jun 2026
- Santander Private Banking International $15.0M (1% of AUM) Mar 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 24, 2026.
View current Form ADV (SEC/IAPD) ↗