Brazilians Set for Wealth Management Battle

Mar 7, 2012

With incomes rising up and down the scale, Brazilian banks and family offices are set to fight for wealth management business that could reach $760bn this year. Wealth management houses are scrambling to attract new clients, particularly in the segment of citizens holding $1m-$3m in their bank accounts. “Banks are just starting to offer these services, and Brazilians are willing to pay high prices for sophisticated investment products,” Emerson...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management