Vestiva is BCP Global’s tech-driven solution ready for simple and secure U.S. dollar wealth management. Vestiva simplifies financial growth, ensuring transparency, flexibility, and safe access to quality products. We blend cutting-edge technology with a deep understanding of client needs and a human touch, ensuring smooth navigation through financial complexities.
Xendia, formerly BCP Global, is a strategic WealthTech partner that helps financial institutions design, launch, and scale digital investment ecosystems.
Yes, we are an entity registered as an RIA (Registered Investment Advisor) and regulated by the SEC (Securities and Exchange Commission).
Vestiva by BCP Global is characterized by its transparency, convenience, security, efficiency and professional management.
While your investment account will be held within the U.S. and under the custody of Interactive Brokers, there is no requirement for you to possess a U.S. bank account in order to begin your investment endeavors. You may transfer funds from a bank account in your country of residence to your investment account, as long as the source account is under the same title. It's important to note that third-party transactions are not acceptable.
To open an account you will need to
To open your account you need to:
After completing the account opening steps, the information will be validated by our compliance team and then by Interactive Brokers within 3 to 5 business days approximately. 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.
If you wish to modify the email address that we use to communicate important information about your account, please reach out to our Support team as soon as possible. Please provide a clear indication of whether you would like to amend it due to an error in the previous email address or if you prefer to switch to another personal email address. Our team will promptly cater to your request, ensuring the security of your account information throughout the process.
Yes, joint accounts with right of survivorship (JWRS) are available 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. Please note that once the account is opened, it is not possible to add a second holder.
You can fund your account through 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.
You can withdraw money from your brokerage account whenever you want without penalties. The process takes 3 to 5 business days and third party transfers are not allowed. Please remember that in order to make the first withdrawal you’ll need to register your bank information on the IB’s portal.
We do not not charge any fees for withdrawals in clients’ brokerage accounts. However, Interactive Brokers charges USD 10 per withdrawal for the second and subsequent withdrawals in the same month. The first withdrawal of the month is free. Note that additional deductions / charges by the intermediary or receiving bank may apply.
If you've encountered an issue with a withdrawal, reach out to our support team for further assistance.
If you have successfully completed the onboarding process, kindly note that the product selection cannot be changed. In such cases, we suggest that you request to open a new account with your preferred product. However, if your onboarding process is still incomplete, you may revisit and modify the product selection as per your requirements.
No, there are no minimum or maximum limits for deposits or withdrawals.
Yes, you have an account with Interactive Brokers. Your assets are held in an account under the custody of Interactive Brokers, so when you open an account with us, you also open an account with Interactive Brokers.
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 account 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 may be 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. If the account is funded, you will need to request a withdrawal so the funds can be transferred out of the account. It normally takes 3 to 5 business days to close the account.
Your username is the email used to open the account.
No, the second holder cannot access the account with their email. For security reasons, access to the account is granted only to the first account holder using the email provided during the onboarding process, ensuring the safety of your account.
If you forget your password, you can reset it. In order to do so, you must access 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.
To download your monthly statement from the website, once you log in, you must go to the "Account Statements" tab, where you will find your monthly account statements. To download your monthly statement from the mobile app, log in and move to the “Investment” section (next to Home). If you have more than one account, make sure to select the right one on the top right side of the screen. Then click on the button “Account Statements”.
Please note that, if there has been no activity in your account, no statements will be produced.
Yes, to obtain an annual earnings report, for the last year (YTD) or for a specific time frame, submit a request by contacting the support team or your financial advisor.
If you will withdraw money for the first time, please remember to register your bank information on the IB’s portal first. You can withdraw money from your account by following these steps:
To view your account activity from the website, once you log in, you must go to the "Activity" tab to view your account activity, where you will find the history of your account’s deposits and withdrawals. To view your account activity from the mobile app, log in and move to the “Investment” section (next to Home). If you have more than one account, make sure to select the right one on the top right side of the screen. Then click on the button "Account Activities"
Your account has a buffer cash balance of approx. 2% the value of your account. This cash is to cover the monthly management fees and to have funds readily available in case you need to make a withdrawal.
Yes, you can make a deposit from your bank account in the US via ACH. However, ACH transfers may take longer than regular wire transfers, and you will need different bank instructions because the ones provided are for regular wire transfers. Please contact your advisor or customer support for help with an ACH.
You can transfer stock or bonds you have in another broker or advisor. But before doing so, you should contact us, send us information about your positions or account statement for us to confirm that all the assets are transferable.
Yes, you can add beneficiaries to your account only if you are a resident from the US, Mexico or Colombia. If you are a resident of one of the mentioned countries you can add beneficiaries to your account through the Transfer on Death Agreement. Our support team is available to assist you should you have any questions. Please don't hesitate to reach out to them for further guidance.
If you die, your account will go through Estate processing. The process will vary depending on the type of account (individual or joint) and whether it has beneficiaries.
No minimums are required to open an account. However, for the model portfolios to be balanced as they were designed, they need at least $10,000.
To open an account, please follow these steps:
No, you do not have to complete the registration process on the same day. If you started the process but haven’t finished, simply go to the menu and click the "Open your account" button. Select "continue registration" and log in with the email address and password you registered with. You can then resume your registration process.
It is necessary to fill out the questionnaire because it will help us to determine your risk profile and will allow our algorithm to suggest an investment portfolio and investment services in general, that fit your goals, risk tolerance and investment horizon.
The results of the questionnaire allow our system to suggest an investment portfolio and other investment services based on your risk profile. If you wish to proceed with the suggested options, click on “Open my Account”.
The password must have a minimum of 8 characters, including at least one uppercase letter, one lowercase letter, and one number.
If you do not have a reference code, you may enter the name of the person who referred you to us. If you were not referred by anyone, simply indicate “no agent” or specify the source through which you learned about us, for example “social media”.
If you were not referred by anyone, you may write “no agent” or specify the source through which you learned about us, for example “social media”, or the name of a friend who referred you.
Source of wealth refers to the origin of your income and the means by which you've accumulated wealth over time. The most common source of wealth is income from employment. If you are or were employed, you most likely received compensation that overtime contributed to your savings and wealth, and now may be used to fund your investments. Other sources of wealth are inheritance, property (sale or rental income), interest/dividend income from investments, a pension, etc.
Liquid Net Worth is the total value of all your liquid assets, which include cash and cash equivalents like marketable securities that can be easily converted to cash in a short period of time.
Total Net Worth is the total value of everything you own minus everything you owe. All your assets minus your debt.
Annual income is the total income you receive within a year.
Acceptable forms of ID include a government-issued document such as a Passport, Driver’s license, National ID. Please note that a residence card is not acceptable.
For proof of address, you can use utility bills from services like water, electricity, gas, internet, landline, tv but not mobile phone bills. You may also use a bank statement, credit card statement, brokerage statement, a letter from the bank confirming your address, a property or personal tax statement, a government-issued document verifying your address, a current lease agreement. Remember that to be acceptable, the document must have been issued within the last 12 months.
If the system does not load the documents, make sure the file is in an acceptable format (pdf. or jpg.) and that it does not weigh more than 5 MB.
There is no need to add or modify the default investment objectives. It is important to select Hedging as an investment objective as it is a requirement to trade certain products.
Hedging is an investment strategy that helps limit your financial risk, such as political risk and currency risk, by mitigating potential losses. It is important to select Hedging as an investment objective as it is a requirement to trade certain products.
There is no need to add or modify the default permissions. Those are the minimum requirements to buy certain instruments.
The W-8 is the Certificate of Foreign Status for United States Tax Withholding and Reporting and it is a form from the Internal Revenue Service (IRS) that foreign individuals must file to verify their country of residence for tax purposes. It is a requirement to open an investment account in the US. It confirms your status as a foreign person and not a US taxpayer, and serves to claim any applicable treaty benefits for tax purposes.
If your W-8 form expires or if you have questions about its expiration, reach out to our support team for assistance at support@xendia.com . They can provide you with specific guidance regarding your situation and help you with the necessary steps to address any issues or concerns related to your W-8 form.
The W-8 expires after 3 years, so every 3 years you should renew your W-8 form, unless a change in circumstances makes any information on the form incorrect.
You are allowed to change your portfolio by clicking “change my portfolio”. Upon modifying it, an alert will appear indicating that the change may be outside the parameters determined based on your profile. To accept, press “Yes, open my account”.
You must insert your digital signature EXACTLY as you entered your name and as indicated before the blank space. You must also check the box to accept the forms and disclosures. Click "Open Account."
We will contact you if we need more information. Account opening may take 3-5 business days under normal circumstances
The One App refers to our mobile app which offers multiple functionalities within a single software application. Instead of needing separate apps for different services, our all-in-one app aims to provide a solution for multiple financial needs, making it a convenient and efficient tool. Within our mobile app you’ll be able to: invest in BlackRock’s or Vestiva’s model portfolios, invest in iBonds portfolios, invest in T-Bills portfolios, obtain a life insurance policy and trade as you like in the “Market Hub” section. Keep in mind you will need an account for each investment strategy. For example, to trade stocks in the Market Hub, you will need a separate account from a model portfolio.
You can download the app on both iOS and Android platforms. Here are the links:
Open the app and go to the drop-down menu, select the "Settings" option and enable the "Face ID/Finger ID Authentication" option so that it is activated.
In a single place you can fulfill your offshore financial needs in the United States in a transparent and efficient way from your phone. Our one app offers you:
A model portfolio is a collection of various financial assets, including stocks, bonds, commodities, and cash, as well as their fund equivalents like mutual funds and exchange-traded funds (ETFs). Diversification is a critical element of portfolio management. Your risk tolerance, investment objectives, and time horizon all play a role in creating and adjusting your investment portfolio.
Diversification is a risk management strategy that involves combining a wide range of investments within a portfolio to reduce risk. This approach includes incorporating various asset types, investment vehicles, and geographical regions, as well as investments in different industries, company sizes, and term lengths for income-generating assets. The goal is to limit exposure to any single asset or risk, creating a well-balanced and resilient investment portfolio.
Our portfolio 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 model portfolios are designed to match the client's level of risk, while being globally diversified. We use ETFs, as they provide sophisticated diversification and liquidity, as well as being tax efficient for investors.
Your money is invested in the portfolio selected during account opening. During the registration, a model portfolio is recommended based on your response to the questionnaire, which you can confirm or choose another risk profile. You have the flexibility to change your portfolio in the future at no cost, and your capital will be automatically invested according to your selected portfolio.
A risk profile is determined according to your investment experience, age, investment horizon, financial goals and your ability to assume losses or volatility. It helps match you with a model portfolio that aligns with your risk and return expectations. However, after completing the questionnaire to determine your risk profile, you can choose a different portfolio than the one initially recommended based on your answers.
Yes, you can change your portfolio anytime during onboarding or once your account is approved. There are no restrictions, penalties, or costs associated with changing your portfolio.
Yes, you can invest in multiple portfolios simultaneously. Each portfolio will have its account, but you can conveniently manage all your accounts with your unique login. If you require assistance in setting up multiple portfolios, please contact our support team.
UCITS ETFs are financial instruments registered in Europe designed to track an index of stocks, bonds, or other assets. These ETFs are listed on an exchange and trade like stocks. UCITS ETFs offer excellent diversification, low costs, liquidity, and tax efficiency.
Some key benefits of UCITS ETFs include:
All financial instruments carry some level of risk. Some risks of UCITS ETFs can include:
Index UCITS ETFs are those that track an index such as: S&P 500, Nasdaq 100, Dow Jones, FTSE 100 or CAC 40.
The model portfolios that we offer, for non-us residents, are tax-efficient because they are composed of UCITS ETFs domiciled in Ireland, which may provide investors with potential tax benefits such as:
However, we do not provide tax advice and this information is not intended to, nor does it, provide specific investment or tax advice, or to make any recommendations about the suitability of model portfolios or financial instruments for the circumstances of any particular investor. We recommend that clients consult with their own independent tax advisor should you have any further queries about how investing in our portfolios will affect their tax position. We do not provide tax advice and do not intend to provide any guidance as to estate tax implications for investors holding positions in European domiciled ETFs.
Your risk profile is determined based on factors such as risk tolerance, investment horizon, and financial objectives. To determine your risk profile, you can take our questionnaire, and our algorithm will provide you with the most suitable risk profile.
The Average Effective Duration is a measure of the potential impact on a portfolio price of a 1% change in interest rates across all maturities.
The Average Effective Duration is a measure of the potential impact on a portfolio price of a 1% change in interest rates across all maturities.
The Average Weighted Coupon of an ETF is the average of the coupons paid by the bond issuers of the different bonds, adjusted to their relative weight within the fund. Therefore, the Average Weighted Coupon of a portfolio is the average adjusted coupon of each component.
The credit quality of an instrument consists of a measure of the financial solvency of an entity such as a company or a government. It is used with corporate, sovereign or supra-sovereign bonds to judge their quality in terms of credit score of the issuer.
If you are a financial professional you may see the portfolio’s hypothetical historical performance in the tab Portfolios of the website at the bottom of the page, by clicking on “See Hypothetical Historical Performance”.
Investing in a diversified portfolio allows you to be exposed to a broad array of instruments, sectors and countries around the world have multiple benefits: reduces risk exposure given the different sectors, instruments and countries the portfolio invests in. Also, improves potential returns, preserves capital and leads the investor to better investment opportunities.
From the website, once you log in, you should click on “Change my risk profile” on the left side of the screen. A window will open, and there you will be able to change the portfolio by moving the cursor to the desired option. Finally, click on “Save” to submit the request. From the app, select the account, click on the blue button “Change Portfolio”, select the family of portfolios and then swipe until you find the desired portfolio. Finally, click on “Save” to submit the request. If you have more than one account, make sure to select the correct one when changing the portfolio.
Normally, withdrawing money takes 3-5 business days. Many factors may influence the estimated time of delivery, for example: whether the cash is already available, if there’s withdrawal instructions already set up, market holidays, bank processing times, etc.
Once the funds are received, they are normally invested the next business day on the portfolio of the account.
Our system updates once a day, every business day morning. If your funds were invested you will see the allocation on the next business day. Keep in mind that holidays and pending withdrawals in your account may delay the investment.
Model portfolios give a low-effort, hands-off investing experience aligned with the investor’s personal preferences and financial goals. Our digital platform uses a sophisticated algorithm that manages and rebalanced portfolios automatically, minimizing time commitment and knowledge of the investor. In case you want to withdraw your money, our system automatically aligns the capital now available back to your advisor’s recommendations. Our digital platform simplifies and streamlines your investment process: you simply set your financial goals by taking a risk profile quiz and we take care of the rest.
Yes. From your portfolio account, you can switch between families of portfolios. To switch, you just simply need to click on “change portfolio”, change between family or group of portfolios, and then select the right one for you.
As a non-US resident, you can invest in portfolios managed by BlackRock, including Long Horizon, Target Allocation, Target Allocation ESG, and Multi-Theme Equity. Additionally, we offer portfolios crafted by our experts, such as BCP 6 plus, Moderate Global, and Conservative Global.
We offer a range of portfolio families built with BlackRock, and within each family there are portfolios for different profiles that vary according to risk exposure, allocation of fixed income and equity instruments, etc. We also offer our own model portfolios that vary according to the risk profile desired. Within BlackRock’s family of portfolios, the risk profiles include:
Single Bond Portfolios consist entirely of individual bonds issued by public and private institutions worldwide.
Single Bonds portfolios may be suitable for investors seeking diversification, capital preservation, or periodic income, depending on their individual investment objectives and risk tolerance.
Single Bonds portfolios provide exposure to individual bonds issued by public and private institutions around the world and offer medium-to-long-term investors: potential interest income, managed risk exposure, geographic diversification and capital preservation strategies.
Some benefits of investing in Single Bonds Portfolios include: potential interest income, managed risk exposure, geographic diversification and capital preservation strategies.
The Conservative Portfolio of the Single Bonds Family is a fixed-income portfolio that provides exposure to short-term bonds in USD, with a maximum average maturity of 5 years and an average credit rating of BBB. The portfolio primarily invests in bonds issued in the U.S. and Latin America
The moderate portfolio of the Single Bonds Family is a fixed-income portfolio that provides exposure to medium-term bonds in USD, with a maximum average maturity of 10 years and an average credit rating of BBB. The portfolio primarily invests in bonds issued in the U.S. and Latin America.
Growth Portfolio of Single Bonds Family is a fixed-income portfolio that provides exposure to long-term bonds in USD, with an average maturity exceeding 10 years and an average credit rating of BB or over. The portfolio primarily invests in bonds issued in the U.S. and Latin America.
There are no trading costs for investing in our Single Bonds portfolios. You simply pay an annual fee as shown in the Pricing Tab on our website https://vestiva.us/prices.
Yes, you can switch your Single Bonds portfolio for another.
A minimum investment of $50,000 is required to ensure broad exposure across the bonds in Single Bonds portfolios.
A Treasury Bill, or T-Bill, is a type of short-term debt security issued by the US Government and backed by the Treasury Department. These securities typically have maturities of one year or less and are commonly sold in denominations of $1,000. They are widely recognized as a secure and low-risk investment option.
T-Bills, short for Treasury Bills, are a highly liquid, low-risk, short-term investment option issued and backed by the US Government, which reduces the default risk associated with banks and other financial institutions. Depending on your financial goals and risk profile, T-bills may be a suitable investment alternative. We offer the opportunity to invest in portfolios composed of T-bills with different maturity dates.
We offer the opportunity to invest in portfolios composed of T-bills with different maturity dates. If you’d like to invest in a T-bill portfolio, you may open a new account, or switch between portfolios if you already have an account open. If you already have an account with us, simply log in and click on "Open Account." From there, select the type of account: “Portfolio” and complete the questionnaire so a recommendation can be made between the T-bill portfolios available: Target 90 days, Target 180 days and Target 270 days.
T-bills portfolios are actively-managed portfolios composed 100% of Treasury Bills with different maturity dates. The main goal of each portfolio is to maintain a certain average maturity by sequentially purchasing T-bills with different maturity dates, which is a strategy known as T-bill laddering. We provide three alternatives.
The longer the duration, the higher exposure to risks, such as interest rates risk and reinvestment risk, which is why our T-bills portfolios provide tailored solutions to align with your investment goals. However, these portfolios are aimed at the short-term investor.
For investing on T-bill portfolios, the management fee is the same as for the other portfolios.
If you are not a US Resident, you are typically not subject to US taxes on the gains obtained from T-Bills. Nonetheless, it's essential to consult with your accountant for personalized tax advice as individual tax situations may vary.
Market Hub is the feature that allows clients to self-direct their investment decisions. This feature is useful for those investors who seek buying or selling individual stocks or ETFs.
No, you can't buy bonds with our Market Hub. Only stocks and ETFs are available to purchase.
We offer a user-friendly digital platform in the United States for straightforward buy-and-sell operations. Our platform provides you with comprehensive information about the instruments you wish to buy, including live and historical prices, portfolio performance, and the latest market news. You can even create a watchlist of your preferred stocks or those in which you've invested. While we offer guidance on diversification and instrument selection, it's essential to understand that the ultimate investment decisions are yours. We do not provide direct recommendations for individual stocks.
To buy or sell a stock, simply access your Market Hub account on the app, click on the "Trade” button, search for the stock and input the desired amount or quantity to be traded.
Management fees are calculated based on assets under management as follows: Annual 1% of assets under management. This rate covers trading or transactional costs, meaning you can buy and sell as much as you want without incurring in additional transaction fees.
What are the market holidays? For information on U.S. market holidays and trading hours, please refer to https://www.nyse.com/markets/hours-calendars. This resource will provide you with the most up-to-date information on trading holidays.
Market price is the value at which shares of a stock or ETF can be traded during trading hours. The net asset value (NAV) consists of the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day. The NAV is determined by adding up the value of all assets in the fund, including cash, subtracting any liabilities and then dividing that value by the number of shares outstanding in the ETF. It’s an indication of the fair value of a single share of the fund. It is a metric used to compare the performance of different funds.
TER, Total Expense Ratio is the estimated annual cost of owning an ETF or Mutual Fund. The TER includes the fund’s annual management cost plus other expenses including index licensing fees or legal fees. For instance, if an ETF has a TER of 15bps (0,15%) then an investor will pay $1.50 in annual fees for every $1,000 invested. The TER is already included in the price of the investment.
Before investing, investors should contact their professional advisor for financial and tax advice. If you have questions about buying assets you should contact your financial advisor or tax advisors. If you need further assistance, you can contact our support team: support@xendia.com .
We provide investment guidance and present a curated list of some of the most traded ETFs. However, the ultimate decision on where, when, and how to invest rests entirely in the hands of the investor.
Yes, you can apply for a margin loan with us through Interactive Brokers for up to 70% of your account value. By borrowing a margin loan you can obtain liquidity without the need to sell your investments. You can make flexible payments without an expiration date, any interest will be added to the payable balance.
Margin is the capital loaned by a broker. A margin account is a brokerage account in which the broker can lend money to the investor, using cash or current securities in the investor's account as collateral for the loan, and with interest calculated on the loan balance. There are two types of accounts:
Certain conditions are required to qualify for a margin account.
There are two important requirements to obtain and maintain a margin loan:
These values vary depending on the type of instruments in the portfolio and their lending capacity.
The interest rates for margin loans are calculated using a tiered structure, which may change periodically. Interactive Brokers accrues interest daily and collects it on the third business day of the following month. For the most up-to-date interest rates and additional details, please visit www.interactivebrokers.com/en/trading/margin-rates.php
Margin loans provide leverage, which can amplify both gains and losses. In the event of a loss, and if the account value falls below the required "Maintenance Margin", you may be required to deposit funds or Interactive Brokers may liquidate assets without your consent.
When you open an account with us, it is opened by default as a cash account. To obtain a margin loan, you must request to upgrade your account from cash to margin or margin portfolio. This process typically takes around 5 business days. For more details, please reach out to our support team, support@xendia.com
Yes, the funds acquired from the margin loan can be used for various purposes:
Making withdrawals to a bank account outside of Interactive Brokers without the need to sell positions in your portfolio (e.g., real estate investment opportunity or unexpected large payments).
Leveraging your position in the portfolio, using your current holdings as collateral.
Yes, you can withdraw more cash from your account if you have a debit balance, as long as you have funds available for withdrawal and the required “maintenance margin” is positive, you can continue to take on more margin. Such transactions should be handled carefully so as not to put your account in a position that may trigger a negative excess liquidity, which will lead to an automatic liquidation of positions by Interactive Brokers without prior notice.
To repay the loan, you can either deposit funds into your account or liquidate positions in your portfolios. There are no specific deadlines or minimum repayment amounts for margin loans.
No, there are no penalties, deadlines, or minimum liquidation requirements for margin loans.
Having a life insurance policy in the U.S. is a crucial part of financial planning that safeguards your family's financial needs. International life insurance not only provides this protection but also secures the future well-being of your loved ones, regardless of your location. We offer a seamless and rapid process for obtaining a life insurance policy in the U.S. that can be completed online through our mobile app.
No, we are not an insurance company and do not issue life insurance policies. We provide access to life insurance policies through the Olé Life platform, thanks to our strategic alliance between Olé Life and BCP Financial Solutions LLC. We offer on the mobile app the possibility to quote a life insurance policy through Olé Life Platform. If you find a policy that suits your needs, you can proceed with the application and request your policy directly on Olé Life's user-friendly digital platform.
The term life insurance policies offer flexible terms, with coverage options ranging from 10 to 30 years, covering amounts of up to USD $1,000,000 without any medical exams. The onboarding is fast and you may have an approval in less than 48 hours. This makes obtaining a life insurance policy a quick and straightforward experience, accessible through our mobile app.
We collaborate with Olé Life Insurance, a registered and authorized life insurance company based in Puerto Rico. Olé Life provides coverage and well-being services that prioritize a convenient, rapid, and adaptable experience, facilitated by innovative technology.
While an initial estimate of the policy’s cost is provided during onboarding, the final cost is determined by Olé Life at the time of enrollment. This final cost remains fixed throughout the coverage period. Keep in mind that the initial estimate may vary from the ultimate policy cost.
To get an insurance policy, please visit our website and click on the "Open Your Account" button at the top of the homepage. Create your login credentials, and choose "Insurance Policy". You will receive a QR code to download the One App. Once in the app, navigate to the "Insurance" section in the menu and select "Simulate my insurance." Complete the form and click "Share." Enter your personal information and then hit "Submit." You will promptly receive confirmation from Olé Life with instructions to proceed. Whether you have an existing account with us or not, you will need to open a new one to obtain a life insurance policy.
The Karta Visa Infinite is a US dollar credit card designed for international clients with eligible assets held in the US. Qualifying Vestiva clients can apply digitally through the Vestiva app. Approval, credit limits, card terms, and benefits are determined by Karta and its partner entities.
No. Xendia Wealth LLC, doing business as Vestiva, does not issue the card or provide credit services. Vestiva facilitates the digital application process, displays relevant card information within the Vestiva app, and helps automate monthly payments from your eligible investment account.
The card is available to Vestiva individual clients who maintain at least USD 50,000 in an eligible automated portfolio account. Eligibility and approval are subject to Karta’s evaluation and applicable terms and conditions. Companies or Legal Entities are not eligible for the card. Venezuelans are not eligible either; exceptions may apply.
Automated portfolio accounts with at least USD 50,000 in assets are eligible. The card is not available for Market Hub or other non-discretionary accounts.
No. International clients may apply without a U.S. Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), subject to Karta’s identity verification, eligibility requirements, and approval process.
The card is available to Vestiva clients who maintain at least USD 50,000 in an eligible automated portfolio account.
To apply:
No. Meeting the minimum asset requirement allows you to apply but does not guarantee approval. Karta and its partner entities are solely responsible for evaluating the application, approving or declining it, and establishing the applicable credit limit and terms.
The credit limit may be up to USD 200,000. The actual limit is determined by Karta based on its evaluation criteria and may depend on factors including the assets in your eligible Vestiva investment account.
If you have multiple accounts, the eligible automated portfolio account with the highest asset value will be selected for the application and automated payment process.
If your application is approved, an account will be opened in your name at Lead Bank and used exclusively as a payment gateway for the card. Vestiva will generate liquidity from your selected investment account and transfer the required funds for your monthly card payment.
Yes, if sufficient cash is not available, Vestiva may sell investments in the selected account to generate the funds required for payment. Vestiva will determine which assets to sell and when, seeking to preserve the portfolio’s allocation in accordance with its current investment strategy. These transactions may be affected by market conditions and may result in gains or losses.
You remain responsible for paying the entire outstanding card balance. Vestiva is not responsible for unpaid balances, interest, late fees, or other charges if the available funds, including proceeds from the sale of investments, are insufficient to cover the payment.
Interactive Brokers generally allows one free withdrawal or transfer per calendar month. If the card payment requires an additional transfer during the same month, a USD 10 fee may apply. Other fees may also apply under the custodian’s current fee schedule.
The Karta Visa Infinite Credit Card has an annual fee of USD 300. Up to 5 extension cards are allowed: metal cards cost USD 150 annually and plastic cards may be available free of charge, subject to Karta’s terms and conditions.
Karta does not charge foreign transaction fees for purchases made internationally. Currency conversion rates or other charges established by the payment network, merchants, financial institutions, or third parties may still apply.
Benefits may include:
The card currently includes up to 10 visits to participating airport lounges, of which up to five may be used for guests. Access is available to eligible cardholders and is subject to Priority Pass and Karta’s applicable terms.
Once approved and activated, you may begin using the virtual card with Apple Pay or Google Pay while waiting for the physical metal card, subject to device compatibility and availability in your country or region.
Karta mails the credit card through certified couriers: DHL for LATAM and FedEx for US deliveries. Delivery of the card is currently unavailable in Mexico but they can redirect the shipment to a mailing address.
The card should be delivered in 7 to 14 days, depending on the destination country. Delivery of the card is currently unavailable in Mexico but they can redirect the shipment to a mailing address.
For questions about your application, approval, credit limit, transactions, benefits, suspected fraud, or card management, contact Karta through its 24/7 WhatsApp support service. For questions about your Vestiva investment account or the automated payment process, contact the Vestiva Support team at support@xendia.com.
You may revoke the authorization in writing by providing at least 30 days’ notice, provided there is no outstanding card balance. Revoking the authorization does not eliminate your responsibility to pay any amounts owed under your agreement with Karta.
The billing address is determined by Karta and can be found on the Karta app.
Karta is available in most Latin American countries, with the exception of Venezuela and OFAC sanctioned countries. Dual citizens of Venezuela may apply if they reside outside the country, subject to Karta’s terms and conditions.
Goal-Based Investing, or GBI, is a discretionary investment advisory service designed to help you invest toward a specific financial goal. Based on the information you provide, Vestiva creates and manages an investment plan that combines a target amount, timeframe, initial investment, planned contributions, and an investment portfolio.
GBI is offered by Xendia Wealth LLC, doing business as Vestiva, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply approval or endorsement by the SEC or any particular level of skill or training.
The process includes four main steps:
You can create a goal for objectives such as buying a home, planning for retirement, funding education, or pursuing another long-term financial objective available through the platform.
Selecting a particular goal does not create a specialized legal or tax-qualified account. For example, selecting “Retirement” does not by itself establish an IRA, pension plan, or other tax-qualified retirement account.
Your plan may consider:
Vestiva selects a portfolio intended to align with your financial profile, risk characteristics, investment horizon, and goal. GBI portfolios are generally implemented through diversified portfolios of exchange-traded funds (ETFs), which may include U.S.-domiciled ETFs, UCITS ETFs, or other eligible investments.
GBI may describe portfolios using relative categories such as Lower, Moderate, and Higher Risk. These categories indicate the expected relative degree of portfolio fluctuation over time.
Selecting a higher-risk option does not ensure higher returns, and selecting a lower-risk option does not eliminate the possibility of investment losses.
A glide path is the approach used to adjust your portfolio allocation as you move closer to your target date. The methodology generally seeks to reduce portfolio risk over time by transitioning toward investments with comparatively lower expected volatility or greater capital-preservation characteristics.
These adjustments may occur periodically and are not necessarily continuous or immediate. A glide path does not eliminate investment risk or guarantee that your goal will be achieved.
The expected annualized return is a hypothetical estimate used to calculate your investment plan. It is based on assumptions that may include historical market information, portfolio allocation, investment horizon, applicable fees, and the glide path.
It is provided for planning purposes only and does not represent the actual or guaranteed return of your account.
No. Projected account values, returns, contributions, timelines, and progress indicators are hypothetical and illustrative. They are not actual performance and do not guarantee future results or that your goal will be achieved.
Actual results may differ materially due to market performance, fees and expenses, taxes, withdrawals, missed or modified contributions, and changes in your circumstances.
Your estimated contributions are calculated using your target amount, initial investment, timeframe, selected portfolio, projected return assumptions, and planned contribution frequency.
The estimate shows how much you may need to contribute under the assumptions presented. It is not a guarantee that the proposed contribution amount will be sufficient to achieve your goal.
Missing, delaying, reducing, or changing a planned contribution may affect your projected account value, progress status, and estimated time to reach your goal. The platform may update your projection or present possible adjustments based on the new information.
Through the Vestiva platform, you can view your account value, contributions, milestones, and estimated progress toward your target amount. You may also receive reminders or updates when a contribution is missed, a milestone approaches, or another event affects your projection.
Monitoring is periodic and should not be understood as continuous or real-time.
“On Track” indicates that your account is progressing generally in line with the current assumptions established for your goal at that particular time.
It does not guarantee that your goal will be achieved or protect your account against future market losses. Your status may change because of investment performance, contributions, withdrawals, fees, changes to your goal, or changes in your financial circumstances.
Yes. You may update information such as your target amount, timeframe, or planned contributions through the options available on the platform. These changes may affect your projection, recommended contribution amount, goal status, glide path, or portfolio allocation.
You should also promptly inform Vestiva of material changes to your financial circumstances, investment objectives, liquidity needs, or risk tolerance.
A withdrawal reduces the amount invested toward your goal and may cause your account to fall below its projected path. It may also change the estimated contributions or time needed to reach your target amount. Selling investments to fund a withdrawal may result in gains, losses, costs, or tax consequences.
Yes. Vestiva has discretionary authority to select, implement, monitor, rebalance, and modify the portfolio used for your GBI account under the applicable methodology.
Monitoring and rebalancing do not eliminate investment risk, prevent losses, or guarantee that your financial goal will be achieved.
GBI accounts are subject to Vestiva’s applicable advisory fee. Underlying investments may also have their own expenses, and other account-specific costs may apply. Fees and expenses reduce investment returns and projected account values.
Review the Pricing page, Investment Advisory Agreement, GBI Program Addendum, and applicable Fee Schedule for complete information.
No. Unless separately agreed in writing, GBI is limited to the specific goal and investment account established through the service. It does not evaluate your complete financial situation or provide comprehensive financial planning, tax, accounting, or legal advice.
No. Investing involves risk, including the possible loss of principal. No portfolio allocation, projection, contribution plan, diversification strategy, glide path, monitoring process, milestone, or alert can guarantee investment performance or assure that your financial goal will be achieved.
Before investing, review the GBI Methodology and Assumptions, Pricing, Form ADV, Form CRS, and the applicable client agreements.