The Latin America Private Banking conference brought attention to the wealthier individuals in the region and Brazil is the beetle. Forbes highlighted that Brazil makes “19-millionaires-a-day” and the country is seen as a huge opportunity for private banks, although 70% of the country’s wealth is concentrated in Sao Paulo and Rio de Janeiro. Statistic was measured by taking all ofContinue reading “Latest stats on Brazilian millionaires”
Tag Archives: Private Banking
Private banking industry in Brazil up 15,9% this year
The private banking industry in Brazil turned R $ 337 billion by September this year, up 15.9% from R $ 290.5 billion computed by December 2009. This amount is divided by 62,700 wealthy customers. The funds are the preferred choice for investors with 42% of total volume, followed by fixed income assets with 34% variable income assetsContinue reading “Private banking industry in Brazil up 15,9% this year”
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