OABPrev-RJ

What OABPrev-RJ does

OABPrev-RJ (legal name: Fundo de Pensão Multipatrocinado da Ordem dos Advogados do Brasil – Seção do Rio de Janeiro) is a closed, non-profit supplementary pension entity (Entidade Fechada de Previdência Complementar) established by OAB-RJ and CAARJ to serve lawyers registered with the Ordem dos Advogados do Brasil in the State of Rio de Janeiro. It administers the RJPREV defined-contribution pension plan, offering PGBL and VGBL modalities, risk benefits (life insurance), and succession planning features, with a minimum monthly contribution of R$ 143.61. The entity is regulated and supervised by PREVIC, with additional oversight from CVM and Banco Central do Brasil, and operates with below-market administrative fees of approximately 1.3% and a 5% contribution loading fee.

The business model is asset-based rather than product-based: OABPrev-RJ generates revenue through recurring participant contributions and an administrative fee charged on plan assets, with all investment management outsourced to RJI Gestão & Investimento. Participant engagement is conducted through specialized in-house consultants, supported by institutional channels via OAB-RJ and CAARJ (including credential delivery events), and self-service enrollment through a dedicated online portal, with ongoing plan management via the Área do Participante portal. The go-to-market is direct-to-consumer within a single vertical and geographic segment, leveraging content marketing and financial education to drive awareness among Rio de Janeiro lawyers and their families.

The entity's technology footprint is minimal: there is no proprietary technology platform described, and core operational functions—including the participant portal, email, and phone support—were transferred to MAG Gestão Previdencial (Mongeral group) on July 31, 2024. This management transfer, along with the September 2024 PREVIC approval of a new statute and the appointment of Walter de Carvalho Parente as Interventor, constitutes the most significant recent structural change, positioning Mongeral as the core operational partner for plan administration going forward.

Name

OABPrev-RJ

Legal name

Fundo de Pensão Multipatrocinado da Ordem dos Advogados do Brasil – Seção do Rio de Janeiro – OABPrev-RJ

Website

https://oabprev-rj.com.br

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

OABPrev-RJ is a non-profit closed supplementary pension entity serving lawyers registered with the OAB-RJ in Rio de Janeiro. It administers the RJPREV defined-contribution pension plan with PGBL/VGBL modalities, risk benefits, and succession planning features for approximately 6,000–7,848 participants.

Ownership category

akta.pro rank

Headquarters

HQ city

Rio

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Pension Contributions: OABPrev-RJ generates revenue through recurring monthly contributions made by participants (lawyers) into the RJPREV pension plan. Contributions are voluntary and flexible, with participants choosing contribution amounts. The plan offers PGBL and VGBL modalities, with contributions eligible for income tax deductions of up to 12% of annual gross taxable income under PGBL. Revenue is accumulated in the plan's investment portfolio, which is managed by third-party investment managers.
2. Administrative Fee (Taxa de Administração): OABPrev-RJ charges an administrative fee on the plan assets to cover operational costs. The fee rate is approximately 1.3% of the plan's asset value, below market average, as the entity is a non-profit institution. Additionally, a contribution loading fee (taxa de carregamento) of approximately 5% is applied to contributions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

OABPrev-RJ is a non-profit closed supplementary pension entity (Entidade Fechada de Previdência Complementar) that administers the RJPREV defined-contribution pension plan exclusively for lawyers registered with the OAB in the State of Rio de Janeiro and their dependents. The plan offers retirement savings, PGBL/VGBL tax-advantaged modalities, risk benefits (life insurance), succession planning, and portability, with minimum monthly contributions starting at R$ 143.61.

Product overview

OABPrev-RJ is a non-profit supplementary pension entity (Entidade Fechada de Previdência Complementar) offering the RJPREV closed pension plan exclusively to lawyers registered with the OAB in the State of Rio de Janeiro. The core product is the RJPREV plan, a defined-contribution supplementary pension that provides retirement benefits and family risk protection (life insurance). Participants access their plans through the online Área do Participante portal. The entity also publishes educational financial content and an e-book on financial education. OABPrev-RJ is supervised by PREVIC and its plan assets are regulated by the CVM and Banco Central do Brasil. On July 31, 2024, the management and administration of RJPREV was transferred to Mongeral (MAG Gestão Previdenciária).

Differentiator

Problem solved

Functional benefit

Brands

• RJPREV: The pension benefit plan administered by OABPrev-RJ, offering retirement and risk benefits for participating lawyers.

Products and services

• RJPREV (Plano de Benefícios do Advogado do Rio de Janeiro) A closed supplementary pension plan (plano fechado de previdência complementar) designed exclusively for lawyers registered with the OAB in the State of Rio de Janeiro and their dependents. It offers retirement benefits and risk protection benefits, including life insurance coverage, with contributions starting at R$ 143.61 per month. Available in PGBL and VGBL modalities with tax advantages.
• Área do Participante (Participant Portal) A secure web-based portal enabling RJPREV participants to request duplicate bank payment slips (boletos), update registration data, monitor payment history and returns, request redemptions and portability, request benefits, and submit questions.

Quantifiable outcome

• Administrative fee rate of approximately 1.3% of plan assets, below market average
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• MAG Gestão Previdencial (Mongeral)coreStrategic or Co-development Partner · 31 July 2024On July 31, 2024, the management and administration of the RJPREV plan was transferred from the prior administrator to MAG Gestão Previdencial (a Mongeral group company), a recognized player in the supplementary pension market. Mongeral assumed operational services for participant support, including the participant portal, email, and phone channels. This transition was approved by PREVIC and represents the core operational partnership for plan administration.
• Fundação Família Previdência (Original Transfer Target)minorOthers · 17 November 2020In November 2020, OAB-RJ and CAARJ formalized a decision to transfer plan management to Fundação Família Previdência. However, the actual transfer was ultimately concluded with Mongeral (MAG Gestão Previdencial) on July 31, 2024. This earlier transfer target was superseded.
• GBX CapitalminorOthers · 1 January 2020GBX Capital was contracted by OABPrev-RJ to repurchase fund units (FGRP FII) that had been provisioned as doubtful debts (PDD). The repurchase agreement, with a balance exceeding R$14 million and payment expected by November 2020, was part of the entity's effort to recover assets impacted by the PDD provisioning and restore participant quotas.
• RJI Gestão & InvestimentocoreStrategic or Co-development PartnerRJI Gestão & Investimento is the investment management company contracted by OABPrev-RJ to define the investment policy and manage the plan's assets. Together with the Deliberative Council, RJI determines asset allocation and portfolio management to achieve competitive returns for participants. The investment policy is governed by the Investment Policy document approved for 2025-2029.
• OAB-RJ (Ordem dos Advogados do Brasil, Seção do Rio de Janeiro)coreStrategic or Co-development PartnerOAB-RJ is the primary institutional sponsor of OABPrev-RJ, representing the lawyer community of the State of Rio de Janeiro. As an institutional sponsor, OAB-RJ contributes to the governance structure of the entity and provides the primary channel for reaching the target participant base. Together with CAARJ, OAB-RJ formalized the decision to transfer plan management to Mongeral in 2020.
• CAARJ (Caixa de Assistência dos Advogados do Rio de Janeiro)coreStrategic or Co-development PartnerCAARJ is a co-institutional sponsor of OABPrev-RJ and represents the lawyer assistance fund of Rio de Janeiro. CAARJ works alongside OAB-RJ to support the entity's outreach to lawyers and provides an additional institutional channel for participant engagement, including credential delivery events where pension plan information is shared with newly admitted lawyers.

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Broad incumbents

• Brasilprev: Broad incumbent: Brasilprev is one of Brazil's largest open-market PGBL/VGBL providers, jointly backed by Banco do Brasil and Principal. It competes for the same Rio de Janeiro lawyer savings that OABPrev-RJ targets, but as a national commercial player rather than a closed vertical-specific fund.
• Previ (Caixa de Previdência dos Funcionários do Banco do Brasil): Broad incumbent: Previ is one of Brazil's largest corporate closed pension funds, managing retirement benefits for Banco do Brasil employees. It is a benchmark closed-EFPC under PREVIC supervision with a multi-sponsor governance structure similar in concept to OABPrev-RJ's multi-institutional sponsorship.
• Icatu Seguros: Broad incumbent: Icatu is a major Brazilian insurance and private pension company offering PGBL/VGBL products nationwide. It competes directly with OABPrev-RJ for retirement savings from lawyers but with a broader commercial product portfolio and open distribution.
• Funpresp (Funpresp-Exe / Funpresp-Leg / Funpresp-Jud): Broad incumbent: Funpresp is the closed supplementary pension fund for federal public servants (executive, legislative, and judicial branches). It is a large-scale Brazilian closed pension entity under PREVIC supervision, structurally analogous to OABPrev-RJ but at federal civil-servant scale.

Direct peers

• OABPrev-SP: Direct peer: OABPrev-SP is the equivalent closed supplementary pension entity for lawyers registered with OAB São Paulo. It offers the same OABPrev closed-pension model (PGBL/VGBL and risk benefits) to a much larger lawyer population, making it the most structurally comparable entity to OABPrev-RJ.
• OABPrev-PR: Direct peer: OABPrev-PR is the closed pension entity for lawyers registered with OAB Paraná, providing the same supplementary pension and risk benefit offerings under the OABPrev brand to another Brazilian state-level lawyer community.
• OABPrev-RS: Direct peer: OABPrev-RS is the equivalent closed pension entity for lawyers registered with OAB Rio Grande do Sul, operating the same OABPrev model with state-level institutional sponsorship and similar regulatory positioning under PREVIC.
• CAASP (Caixa de Assistência dos Advogados de São Paulo): Direct peer: CAASP serves São Paulo lawyers with a complementary mix of assistance benefits, welfare programs, and pension-related services, mirroring how CAARJ relates to OABPrev-RJ. It operates in the same vertical with a similar institutional sponsor structure.
• OABPrev-MG: Direct peer: OABPrev-MG is the closed pension entity for lawyers registered with OAB Minas Gerais, offering the same OABPrev-style PGBL/VGBL and risk benefits structure to a different state-level lawyer population.

Emerging players

• Mongeral Aegon (MAG Gestão Previdencial): Emerging player / strategic partner: Mongeral Aegon (operating as MAG Gestão Previdencial) is the pension administrator now running RJPREV since July 2024. It is a relevant comparable as a tech-enabled pension administrator that partners with closed funds and corporates to administer PGBL/VGBL plans across Brazil.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/oabprevrj
• LinkedInlinkedin.com/company/oabprev-rj

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about OABPrev-RJ