Merchant Investment Management has made a long-term, minority stake investment in $3bn multi-shore firm Brainvest Wealth Management.
The size of the investment has not been disclosed.
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By GlobalDataThe move forms part of Merchant’s effort to accelerate strategic opportunities across the US, in Latin America, Europe and Asia.
Founded in 2003, Brainvest offers wealth planning services and alternative investment solutions to complex, international families and entrepreneurs.
The firm provides institutional solutions for private clients from its offices in Miami, Geneva, Zurich, São Paulo, and Rio de Janeiro.
In addition to liquid and illiquid wealth offering, it also extends trust services for estate and family succession planning work.
As agreed, Merchant will extend its capabilities into the local markets of Brainvest to support its international expansion.
The strategic partnership comes as Brainvest looks to expand its reach and strengthen its sourcing and underwriting alternative opportunities, including private equity, private debt, hedge funds, venture capital, and real estate.
Brainvest founding partner Dany Roizman said: “The DNA of Merchant fits very well with our team – their experience, overall approach to client engagement, and understanding of sophisticated alternative investments rings true with how we’ve built our firm.
“Their support will be invaluable as Brainvest establishes itself as an attractive, independent destination for bankers and wealth managers.”
Brainvest CEO Fernando Gelman said: “The Merchant partnership will benefit our clients and stakeholders giving unparalleled access into the US market.
“Brainvest will have access to Merchant’s ecosystem of investment opportunities and be a primary destination for the most talented financial advisors while maintaining our independence.”
Merchant managing partner Tim Bello said: “We’ve always wanted to see Merchant touch down in Latin America and Europe. And now with our new family members at Brainvest, we’ve gotten there.
“This has been hard work given the distance, but with that the two management teams have become close friends and see the opportunity to become a real force together.”
