The Brazilian bank has reached a record-breaking figure in assets under custody (AUC) at the end of 2020, as well as 2.8 million active clients.

XP’s total AUC reached BRL660 billion at the end of December 2020, reflecting an increase of 61% year-over-year and 17% quarter-over-quarter. The bank attributes the growth to high influxes worth BRL198 billion of net inflows and BRL53 billion of market appreciation. “XP continues to expand its AUC as more investors look to diversify their allocation, especially amid the global low-rates environment,” Rafael Miranda, global markets structuring head at XP, told SRP. “In t

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