By Ivan Castaño
Brazil’s wealth management business is growing by
leaps and bounds as banks and family offices fiercely compete
to capitalize on the country’s rising prosperity.
Assets under management in this sector are expected to reach a
staggering $700 billion plus over the next year.
Bankers are vying for a foothold in Brazil’s growing wealth management business. Assets under management are reaching new highs as wealthy
Yet so far, this new affluent segment is sticking to
familiar investments close to home rather than venturing into
markets abroad. This should be a boon for the
country’s developing credit markets as well as
The growth of the wealth management business is apparent to
any visitor coming to Brazil. Strolling on São
Paulo’s fashionable Paulista Avenue these days,
one can’t help but notice how many banks are
promoting their Premiere banking services catering to the newly
Brazil has been generating 19 millionaires a day since 2007,
and that trend is likely to maintain its momentum...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.