July 31, 2019 |
In booms or busts, Brazilians possess massive sums of wealth. And now with interest rates at historic lows as the country emerges from one of its worst recessions in modern history, many investors are looking beyond the traditional fixed-income instruments that are the backbone of most individual portfolios.
They don’t have far to look for alternatives as wealth advisors, both new and seasoned, gear up to compete for would-be customers. Brazil is the richest and potentially most lucrative segment of the expanding wealth industry in Latin America, and that potential has ignited a round of startups, acquisitions, partnerships and strategic retooling among fintechs and traditional banks as the
Banks and startups are pulling out the stops to corner Latin America’s largest economy