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    Andrew Gerrity

    Research Analyst at Morgan Stanley

    Andrew Gerrity is an analyst at Morgan Stanley, specializing in wealth management and investment analysis for high-net-worth and ultra-high-net-worth clients. His career spans roles as Senior Investment Analyst since 1999, contributing to comprehensive financial planning, portfolio optimization, and performance measurement for a diverse client base. Gerrity’s expertise includes risk management and intergenerational wealth transfer, with his team recognized among Barron's Top 250 Private Wealth Management Teams for 2025. He holds a robust professional background, including FINRA registration, a B.S. in Finance, an MBA, and CERTIFIED FINANCIAL PLANNER™ credentials.

    Andrew Gerrity's questions to XP (XP) leadership

    Andrew Gerrity's questions to XP (XP) leadership • Q3 2024

    Question

    Andrew Gerrity asked about the sustainability of the higher retail take rate, which expanded sequentially and appeared to be driven by strong performance in fixed income products.

    Answer

    CEO Thiago Maffra stated that the take rate is expected to be stable or slightly higher as retail revenue grows. CFO Victor Mansur added that while not factored into the 2026 guidance, a future market shift to higher ROA products could provide an upside, and a flat to slightly higher take rate is a reasonable near-term assumption.

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