Brazilians Set for Wealth Management Battle
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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