Three years after establishing its presence in the Chilean market, Insigneo is strengthening its operations in the country through a strategic alliance with the local firm Nevasa Corredores de Bolsa. This agreement aims to enhance the presence and improve the offerings of both companies in the Santiago market.
According to a statement, this partnership will leverage the expertise of the Miami-based wealth management firm and the local strength of the Chilean brokerage in the national wealth management business. Thus, Insigneo strengthens its operations in Chile while Nevasa enhances its international offerings.
Specifically, the U.S. firm highlights that this business expands its network not only with financial advisors in the Andean country but also through established companies in the Chilean market. This is a market where the firm has been operating since 2021, focusing on services for independent advisors, multi-family offices, and regulated financial firms.
The alliance aims to diversify both firms’ business through Insigneo’s platform, which will also strengthen the research and information network available to Nevasa’s clients. Nevasa manages assets worth over 866 billion Chilean pesos (around 944 million dollars).
The Chilean firm will focus on adding value in its role as advisors, investment decision-making, and portfolio analysis. The partnership will grant its clients access to offshore custody provided by Pershing, as well as more international investment alternatives, in line with the demands of clients in the country.
Top executives from both companies highlight the potential of the agreement.
“This alliance is a crucial step in strengthening our position in the local market. We are committed to long-term growth and success, and this strategic agreement is proof of that. Currently, we have 12 agreements with independent advisors and local financial services companies, which allows us to consolidate our expansion strategy in Chile,” said José Luis Carreño, Market Head of Insigneo in Chile, in the statement.
“This alliance, along with others that Nevasa maintains, gives us access to a large network of instruments, funds, and financial instruments in international markets, complementing the traditional Chilean product offerings and thus meeting the investment and diversification needs of our current and potential clients,” added Ramiro Fernández, General Manager of Nevasa Corredores de Bolsa.
Por Funds Society, Brazil