What LarrainVial does

LarrainVial is a family-controlled Chilean financial intermediation and advisory firm founded in 1934 that now operates across Chile, Peru, Colombia, Mexico, Panama, the United States, and Bolivia with 800+ employees representing 13 nationalities and approximately $65 billion in group assets under management and supervision. The firm runs four integrated business lines: Corporate Finance (M&A advisory, IPOs, capital increases, bond issuances, tender offers — 300+ transactions over ten years, including Tianqi/SQM at USD 4B+ and the USD 1.057B Cencosud Shopping IPO), Sales & Trading (equities, fixed income, FX across Chile, Colombia, Peru, and the U.S. via LV Securities), Wealth Management (Asesoría Personalizada with a CLP 120M minimum and Asesoría Híbrida with a CLP 5M minimum, plus ALCALÁ Multifamily Office), and Asset Management through sub-brands LV Asset Management (the largest non-bank fund administrator in Chile), LarrainVial Activos, Activa Alternative Assets (PE, private debt, VC), and LV SICAV Luxembourg structures.

The technology stack is centered on a 15+ year partnership with Temenos powering core wealth and asset-management operations, complemented by a proprietary electronic trading platform that gives Chile-based clients direct access to Brazilian and U.S. equity exchanges and a Data Hub slated for further AI-driven personalization. Revenue is generated across five streams: brokerage commissions, recurring asset management fees (USD 12B in proprietary LV funds plus MM USD 3,415 in Activa alternative AUM), third-party distribution fees (USD 9B Invesco mutual funds and USD 16B Invesco ETFs, plus Ashmore, BMO, HSBC, Robeco, Altamar), episodic investment banking advisory and underwriting fees, and wealth management subscription/advisory fees priced across the hybrid and personalized tiers. LarrainVial has been privately held since founding and remains independent, with operating entities licensed in Chile under CMF oversight and rated BBB/A-2 (S&P) and AA- (Feller Rate); S&P separately rates LarrainVial Asset Management AMP-1 (Muy Fuerte), the only Chilean manager at that level.

Name

LarrainVial

Legal name

LarrainVial SpA

Website

https://chile.larrainvial.com

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

501–1,000 employees

Short description

LarrainVial is a family-controlled Chilean financial intermediation and advisory firm operating across Chile, Peru, Colombia, Mexico, Panama, and the U.S. with $65B AUM. It serves corporate, institutional, HNW, and mass-affluent clients through corporate finance, sales & trading, asset management, and wealth management.

Ownership category

akta.pro rank

Product category

Investment Banking and Wealth Management

NAICS

Trusts, Estates, and Agency Accounts (52592)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Philanthropic & Charitable Trust Services (FSAAANAI)

akta.pro secondary industry

Fund Accounting & NAV Services (Asset Servicing) (FSAAAOAF)

Keywords

• Investment banking
• Asset management
• Wealth management
• Securities brokerage
• Corporate finance advisory

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage and Intermediation: Commissions from executing buy/sell orders for equity, fixed income, and FX for institutional and retail clients. Leading position in equity transactions on the Santiago Stock Exchange with ~20% market share historically.
2. Asset Management Fees: Fees from managing mutual funds and investment funds through LarrainVial Asset Management (largest non-bank fund administrator in Chile), LV SICAV Luxembourg structures, and Activa alternative assets (private equity, private debt, venture capital). USD 12 billion in LarrainVial funds under management.
3. Distribution Revenue: Revenue from distributing third-party mutual funds and ETFs (Invesco and others) across LatAm and U.S. offshore markets. $9 billion in Invesco mutual funds and $16 billion in Invesco ETFs distributed.
4. Investment Banking / Corporate Finance: Advisory fees and underwriting commissions from M&A transactions, IPOs, capital increases, bond issuances, and public tender offers. More than 300 transactions over 10 years. Landmark deals include Tianqi/SQM (USD 4bn+), Cencosud Shopping IPO (USD 1.057bn), E-CL/Codelco (USD 1.038bn), Repsol Chile acquisition (USD 540mn).
5. Wealth Management Advisory: Advisory fees for personalized wealth management services including portfolio management, global market access, and multi-family office services through ALCALÁ Multifamily Office.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

LarrainVial is a Latin American financial intermediation and advisory firm that combines securities brokerage, asset management, wealth management, corporate finance advisory and third-party fund distribution. It manages approximately $65 billion in AUM and serves high-net-worth individuals, institutional investors and corporate clients across Chile, Peru, Colombia, the United States, Mexico, Panama and Bolivia. Revenue is generated through brokerage commissions, asset management fees, investment banking advisory fees, and third-party fund distribution.

Product overview

LarrainVial is a comprehensive financial services firm offering a multi-product, multi-brand portfolio architecture. The core platform consists of Corporate Finance (M&A, IPOs, capital markets), Sales & Trading (equities, fixed income, FX), and Wealth Management divisions. These are supported by specialized sub-brands: LV Asset Management (largest non-bank fund administrator in Chile), LarrainVial Activos (institutional fund administration via Feeders Funds/Advisors structures), Activa Alternative Assets (private equity, private debt, venture capital), LV SICAV (Luxembourg-domiciled international funds), LV Securities (US institutional market access), ALCALÁ Multifamily Office (high-net-worth family office services), and LV Research (regional economic and company analysis for Colombia, Chile, Peru). Client-facing service tiers include Hybrid Advisory (digital-first with advisor support, starting at $5M CLP) and Personalized Advisory (dedicated advisor, global markets access, starting at $120M CLP). The product suite also includes investment products like APV (voluntary pension), LV Estrategia, and specialized ESG/sustainable funds such as the Fund Impact in Education (pay-for-results social impact). Digital platforms encompass a mobile app and enterprise digital experience. The company operates across Chile, Colombia, Peru, Panama, USA, and Mexico with approximately 800+ employees and $65 billion in assets under management.

Differentiator

Problem solved

Functional benefit

Brands

• LV Asset Management: Asset management division offering mutual funds and investment funds
• LV Research
• LV Estrategia
• LV SICAV
• LV Securities
• Activa
• ALCALÁ Multifamily Office

Products and services

• Corporate Finance (Finanzas Corporativas) Investment banking advisory and financing solutions including M&A, IPOs, capital increases, share block trades, public tender offers and corporate bond issuance for large corporations, state-owned enterprises and financial institutions across Latin America; LarrainVial is the leader in IPOs and capital increases in Chile.
• Sales & Trading (Mercado de Capitales) Institutional brokerage across equities, fixed income, third-party product distribution and foreign exchange for institutional investors; one of the main intermediaries of Chilean, Colombian and Peruvian bonds in global and local currency markets.
• Wealth Management (Gestión Patrimonial) Comprehensive wealth management for high-net-worth individuals and families, including Patrimonial Management, LV Estrategia strategy, dedicated advisor service, global market access, foreign investment accounts, recommended portfolios and ALCALÁ Multifamily Office services.
• LV Asset Management The largest non-bank fund administrator in Chile, managing mutual funds and investment funds across asset classes with a top-tier S&P AMP-1 (Muy Fuerte) asset management practices rating; serves Chilean retail and institutional investors.
• LarrainVial Activos (General Fund Administrator) General fund administrator focused on institutional and professional clients, using Feeders Funds and Advisors structures (including Blackstone Capital Partners VI feeder) to deliver innovative portfolio diversification products.
• Activa Alternative Assets Alternative assets management arm with three pillars: private equity (including Blackstone feeder), private debt and venture capital, for institutional clients and individuals in Latin America; manages approximately MM USD 3,415 in alternative assets.
• LV SICAV Luxembourg Luxembourg-domiciled SICAV fund structure enabling international distribution of LarrainVial strategies for European and global investors; the first such offering by a Chilean and Andean asset manager.
• LV Securities U.S. broker-dealer entity enabling diversification of investment portfolios for institutional clients in the United States; the first Chilean firm registered as a broker-dealer in the U.S.
• ALCALÁ Multifamily Office Multi-family office service for ultra-high-net-worth clients, integrated into LarrainVial's wealth management platform following the 2019 acquisition of Alcalá Inversiones.
• APV (Ahorro Previsional Voluntario) Voluntary pension savings product allowing individuals to supplement their retirement savings with Chilean tax advantages; accessible via the mobile app and Asesoría Híbrida channel.
• LV Estrategia Investment strategy product under Wealth Management offering discretionary and advised portfolio mandates.
• Fund Impact in Education (Fondo con Impacto en Educación) First Chilean fund applying pay-for-results methodology to finance social projects based on outcomes; currently finances two programs targeting literacy and school attendance for vulnerable students.
• Activa – Fen Ventures (FI Fen Ventures III) Venture capital fund combining FenVentures' industry expertise with LarrainVial's market knowledge, business networks and administration capabilities, targeting early-stage technology and innovation companies in Chile and Latin America.
• Corredora de Bolsa (Brokerage) LarrainVial Corredora de Bolsa is the firm's core brokerage entity executing equity, fixed income and FX transactions on the Santiago Stock Exchange and intermediating third-party funds; carries BBB/A-2 counterparty credit rating from S&P.

Quantifiable outcome

• Diversified portfolio solutions outperformed local benchmarks and international balanced funds during the review period (Euromoney Private Banking Awards 2026)
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

13 partnerships are on record, tiered core and minor.

• InvescocoreStrategic or Co-development Partner · 9 March 2026Formalized strategic partnership for Latin America and U.S. offshore markets at a Miami event sponsored by S&P Global. LarrainVial distributes $9 billion in Invesco mutual funds and $16 billion in Invesco ETFs. The partnership aims to strengthen ETF capabilities and deliver differentiated investment solutions, with plans to expand U.S. offshore business to $13 billion in assets over seven years.
• FenVenturesminorStrategic or Co-development PartnerFenVentures partnership launched LarrainVial's first venture capital fund in 2017 through Activa Alternative Assets. Current offering includes FI Fen Ventures III, targeting early-stage technology and innovation companies in Chile and Latin America.
• EndeavorminorStrategic or Co-development PartnerStrategic alliance with Endeavor Chile to provide advisory services on financing topics to entrepreneurs. Supports the entrepreneurship ecosystem through mentorship and guidance from LarrainVial experts.
• AshmorecoreChannel Partner/ Reseller/ DistributorInternational asset manager whose products are distributed by LarrainVial's third-party distribution team across Latin America as part of the most extensive fund distribution network in the region.
• BMOcoreChannel Partner/ Reseller/ DistributorInternational asset manager whose products are distributed by LarrainVial's third-party distribution team across Latin America.
• HSBCcoreChannel Partner/ Reseller/ DistributorInternational asset manager whose products are distributed by LarrainVial's third-party distribution team across Latin America.
• RobecocoreChannel Partner/ Reseller/ DistributorInternational asset manager whose products are distributed by LarrainVial's third-party distribution team across Latin America.
• AltamarcoreChannel Partner/ Reseller/ DistributorSpanish asset manager with deep partnership including private equity fund distribution (Altamar Private Equity VIII, Altamar Secondaries IX, Altamar Galdana Ventures II, Altamar X Midmarket, and others). Also involved in the 2012 merger of the LarrainVial person-area.
• TemenoscoreTechnology or Integration15+ year technology partnership with Temenos powering LarrainVial's core banking and wealth management operations. Temenos Wealth platform supports international expansion, scalability, and compliance with complex regulatory requirements. Plans to expand use of Temenos Wealth, Data Hub, and future AI initiatives.
• Aubrey (Scottish Asset Manager)minorStrategic or Co-development PartnerAssociation with Scottish emerging markets specialist Aubrey to create synergies and enhance distribution of investment products in the European market.
• CMB PrimeminorStrategic or Co-development PartnerPartnership with CMB Prime for infrastructure fund investments, marking LarrainVial's entry into the infrastructure asset class in 2018.
• Mujeres EmpresariasminorStrategic or Co-development PartnerPartnership strengthening the training and skills of women professionals in finance and business through dedicated programs, aligning with LarrainVial's sustainability strategy (ODS 5 — Gender Equality).
• ALCALÁ Inversiones (Multi-Family Office)coreStrategic or Co-development PartnerAcquisition of Alcalá Inversiones multi-family office in 2019, expanding LarrainVial's wealth management capabilities for ultra-high-net-worth clients.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• BTG Pactual: Latin American investment bank and asset manager with operations across Chile, Brazil, Colombia, Peru, and Mexico offering brokerage, asset management, wealth management, and corporate finance — the most direct analogue to LarrainVial's multi-product, multi-country model.
• Moneda Asset Management: Independent Chilean asset manager and private equity/credit sponsor with a comparable Andean-focused investment platform and a strong third-party distribution position, competing directly with LarrainVial Asset Management in Chilean and LatAm mutual funds.
• Credicorp Capital: Andean-focused investment bank and asset manager (part of Credicorp) operating in Peru, Chile, Colombia, and the U.S., competing head-to-head with LarrainVial in brokerage, asset management, and cross-border M&A advisory across the Andean region.
• Sigma Capital / Banco Security: Chilean financial group that combines wealth management, asset management, and corporate finance under one roof, competing with LarrainVial in mid-market advisory and private banking across Chile and the Andean region.

Others

• Invesco (LatAm franchise): Strategic distribution partner and one of the largest third-party fund managers LarrainVial distributes across LatAm and U.S. offshore — comparable both as a peer asset manager and as the most economically important product partner in the Invesco alliance.

Broad incumbents

• SURA Asset Management: Major LatAm asset manager and pension administrator operating across Chile, Peru, Colombia, and Mexico — overlaps with LarrainVial in third-party fund distribution, mutual funds, and institutional asset management.
• Principal Financial Group: Global asset manager with significant Chilean and broader LatAm presence (via Principal Chile), competing in pension-related products, mutual funds, and institutional asset management that overlap with LarrainVial's AFP and retail franchise.
• Itaú BBA (Chile / LatAm): Pan-LatAm investment banking and asset management franchise of Itaú Unibanco; competes with LarrainVial on Chilean/Andean M&A, ECM, and intermediation flows as part of a much broader banking platform.
• JPMorgan (Chile / LatAm): Global bulge-bracket that competes with LarrainVial on Chilean mega-deals (e.g., Tianqi/SQM-class transactions), fixed income intermediation, and U.S. offshore wealth management for Chilean HNW clients.

Emerging players

• Compass Group (Chile): Independent Chilean financial services platform with asset management, brokerage, and corporate finance activities that overlap materially with LarrainVial's Chilean core business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/larrainvial
• LinkedInlinkedin.com/company/larrainvial
• Instagraminstagram.com/larrainvial
• Xx.com/larrainvial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles34 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LarrainVial