Mirae Asset Wealth Management

What Mirae Asset Wealth Management does

Mirae Asset Brasil (legal entity: MIRAE ASSET (BRASIL) CORRETORA DE CÂMBIO, TÍTULOS E VALORES MOBILIÁRIOS LTDA, CNPJ 12.392.983/0001-38) is a São Paulo-based full-service brokerage operating as the Brazilian subsidiary of South Korea's Mirae Asset Financial Group. Founded locally through Mirae Asset Global Investments in 2008 and consolidated under the current CCTVM structure in 2010, the firm serves individual retail investors, active day traders, qualified/professional investors (R$1M+ / R$10M+ tiers), non-resident investors (NRIs), and corporate clients with cross-border forex needs. The product portfolio spans equities, fixed income (Tesouro Direto, CDB, LCI, LCA, CRI, CRA, debentures, DPGE, LF), investment funds (54+ vehicles), forex/remittances, IPOs, futures, and stock lending, distributed through a digital self-serve platform (Home Broker + iOS/Android app) and a partner network of ANCORD-certified Autonomous Investment Agents (AAIs).

The underlying technology is a proprietary multi-asset execution stack including a DMA2 (Direct Market Access) platform supporting Multicast and Unicast modes with 0.912ms average order latency, and a proprietary Retail Liquidity Provider (RLP) mechanism that places retail client orders at the top of the B3 order book for mini-index (WIN) and mini-dollar (WDO) futures, delivering measurable execution price improvement (e.g., 113.005 vs. 113.010 on 2 WIN contracts). The platform is integrated with third-party trading tools (Tryd Trader at R$79/month, Tryd PRO at R$160/month, Cellbroker, Nelogica, Plug and Trade), and an investment comparator tool provides fund/asset analytics for logged-in users.

The business model is transaction- and fee-based rather than spread-based: zero custody fees across most asset classes, zero TED withdrawal fees, zero fees on inbound/outbound forex remittances, commission-free trading for active traders under the 'Benefícios Traders 2026' program, with revenue captured through brokerage commissions on variable income, fund distribution trailer fees (1.90%-2.50% p.a.), NRI maintenance fees (0.0125%-0.025% of AUC monthly), stock lending intermediation (30% of paper rate from lenders, 0.15% of financial volume from borrowers), and platform subscriptions. The firm is regulated by CVM, BCB, B3, BSM Supervisão de Mercados, and ANBIMA, with multi-channel distribution combining self-serve digital onboarding, inside sales advisory, AAI partner network, NRI desk, and corporate forex desk. The parent group manages $800.3B in AUM and $208.6B in ETF AUM as of December 2025, operates across 19 countries with 64 offices and 15,000+ employees globally, and reported group-level pre-tax profit of $2,178.3M.

Name

Mirae Asset Wealth Management

Legal name

MIRAE ASSET (BRASIL) CORRETORA DE CÂMBIO, TÍTULOS E VALORES MOBILIÁRIOS LTDA

Website

https://corretora.miraeasset.com.br

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Mirae Asset Brasil is a São Paulo-based brokerage (CCTVM) offering equities, fixed income, funds, forex, and IPO access to retail, active traders, qualified investors, and non-resident clients, supported by proprietary RLP liquidity technology, DMA2 execution, and a zero-fee custody structure.

Ownership category

akta.pro rank

Product category

Retail Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Independent Broker-Dealers (Retail Network) (FSAAAAAC)

akta.pro secondary industries

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Retail brokerage services
• Wealth management
• Foreign exchange services
• Investment funds
• Online trading platforms

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commissions: Mirae Asset charges brokerage commissions on equity, derivatives, and other securities transactions. Standard brokerage fees apply per trade, with competitive rates for variable income and forex. The firm differentiates through zero custody fees while generating revenue from transaction execution.
2. Foreign Exchange (Forex/Câmbio) Services: Revenue from currency exchange services including international wire transfers, remittances for individuals (study abroad, property purchase, family maintenance) and businesses (import/export, M&A, international loans). The firm markets zero-fee forex for sending and receiving international remittances.
3. Investment Fund Management Fees: Mirae Asset distributes third-party investment funds and earns distribution fees (trailer commissions) from fund managers. The platform offers multiple fund categories including Equities, Fixed Income, Currency, and Multi-Strategy funds with varying minimum investments (R$500-R$5,000) and administration fees (1.90%-2.50% p.a.).
4. Platform Subscriptions: Revenue from premium trading platform subscriptions including Tryd Trader (R$79/month pro rata) and Tryd PRO (R$160/month pro rata), with waiver if monthly brokerage exceeds double the subscription fee.
5. Non-Resident Investor (NRI) Account Fees: NRI accounts charge maintenance fees as percentage of AUC (Assets Under Custody) monthly: Tier 0 (exempt), Tier 1 (N/A for qualified investors), Tier 2 (0.0125% AUC or minimum US$150/month), Tier 3 (0.0167% AUC or minimum US$200/month), Tier Passenger (0.025% AUC or minimum US$300/month).
6. Stock Lending (Aluguel de Ações): Revenue from stock lending transactions where Mirae Asset takes 30% of the lending rate as intermediary fee from lenders (who receive 70% of paper rate minus taxes), and charges 0.15% of financial volume plus paper rate and B3 emoluments from borrowers.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core offering

Mirae Asset Brasil operates as a full-service brokerage (Corretora de Câmbio, Títulos e Valores Mobiliários) offering retail and institutional clients access to multiple asset classes including foreign exchange, fixed income securities, variable income (stocks, options, futures), investment funds, and IPOs. The firm delivers these products through proprietary digital channels (Home Broker web platform and iOS/Android mobile app), third-party trading integrations (Tryd, Cellbroker, Nelogica, Plug and Trade), and a network of certified Autonomous Investment Agents (AAIs). Additional services include Retail Liquidity Provider (RLP) execution for mini-futures contracts, non-resident investor (NRI) account structures, and corporate forex desk services.

Product overview

Mirae Asset Brasil operates as a global investment brokerage (Corretora de Câmbio, Títulos e Valores Mobiliários) offering an integrated platform of financial products and services. The core offering spans five service pillars: (1) Câmbio for foreign exchange and international remittances with zero fees; (2) Investimentos encompassing Renda Fixa, Renda Variável, Fundos de Investimento, and Ofertas Públicas (IPO); (3) Plataformas combining proprietary Home Broker and App Mirae Asset with integrated third-party platforms (Cellbroker, Nelogica, Plug and Trade, Tryd Trader, Tryd PRO); (4) RLP (Retail Liquidity Provider) for futures liquidity optimization; and (5) Investidor Não-Residente (NRI) services for international investors. Supporting tools include the Comparador de Investimentos for fund/asset comparison and Transferências de Recursos for account funding. The platform is complemented by an AAI (Autonomous Investment Agent) network for personalized advisory services.

Differentiator

Problem solved

Functional benefit

Products and services

• Câmbio (Foreign Exchange)

Quantifiable outcome

• RLP provides better execution: 2 WIN contracts at 113.005 vs 113.010 without RLP, resulting in R$10 savings per round-trip on just 2 contracts
• +1 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Mirae Asset SharekhancoreStrategic or Co-development Partner · 1 January 2024Mirae Asset Sharekhan represents Mirae Asset's significant market expansion into India, marking a major advancement in the group's financial services footprint in the Indian market. The acquisition/integration combines Mirae Asset's global resources with Sharekhan's established local presence, creating a powerful platform for serving Indian investors.
• B3 (BM&FBovespa)coreTechnology or IntegrationB3 is Brazil's primary securities exchange and clearing house. Mirae Asset operates as a B3 member broker, executing all equity, derivatives, and fixed income trades through B3's infrastructure. B3 also provides BSM Supervisão de Mercados oversight and regulatory certification (Selo PQO).
• ANBIMA (Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais)coreOthersANBIMA is Brazil's capital markets industry association setting standards for investment product distribution, custody operations, and non-resident investor services. Mirae Asset holds ANBIMA certifications for permanent distribution of investment products, asset custody, and non-resident investor representation.
• BCB (Banco Central do Brasil)coreOthersBrazil's central bank regulates Mirae Asset's foreign exchange operations and cross-border transactions. The firm operates under BCB regulations including Carta Circular BCB nº 4001/20 and Circular BCB nº 3978/20.
• CVM (Comissão de Valores Mobiliários)coreOthersBrazil's securities regulator oversees Mirae Asset's brokerage operations, investment fund distribution, and investor protection. The firm operates under CVM Resolutions including 13/20, 35/21, 50/21, 135/22, 160/22, 178, and 179.
• ANCORD (Associação Nacional das Corretoras e Distribuidoras de Títulos e Valores Mobiliários)coreOthersANCORD is the Brazilian brokerage industry association that certifies Autonomous Investment Agents (AAIs). Mirae Asset's AAI partner program is governed by ANCORD certification requirements and CVM Resolution 179.
• TrydcoreTechnology or IntegrationTryd provides advanced trading platforms (Tryd Trader at R$79/month and Tryd PRO at R$160/month) integrated with Mirae Asset's execution infrastructure. Both platforms offer options modules, order books, market replay, simulators, quote monitors, dividends tracking, tape reading, and P/L calculators. Platform fees are waived if monthly brokerage exceeds 2x subscription cost.
• Mirae Asset Park Hyeon Joo FoundationcoreStrategic or Co-development PartnerEstablished in 2000 with the motto 'Mirae Asset will be the hope of youth,' the Foundation operates global talent development programs including: 11,193 global/national scholarship students, 14,274 global cultural experience camp participants, and 372,794 children's financial education program participants. Total of 398,262 beneficiaries as of June 2023.
• Creche Maria Thereza MororóminorOthersMonthly donations recipient. Civil, beneficent, non-profit social organization founded in 1977, serving children and adolescents aged 6-14 in the Grajaú neighborhood of São Paulo through ludic, cultural, and sports activities.
• Associação Favor de DeusminorOthersMonthly donations recipient. 4-year-old mission organization serving approximately 130 children with food donations, hygiene products, clothes, and activities including tutoring, worship, English classes, and Bible studies.
• Instituto Anchieta GrajaúminorOthersMonthly donations recipient. Non-profit founded May 28, 1994, promoting social inclusion for families, children, and adolescents in social vulnerability. Serves approximately 600 children/adolescents and 1,000 families daily with artistic, cultural, and socio-educational activities.
• BSM Supervisão de MercadoscoreOthersB3's market supervision subsidiary providing oversight of Mirae Asset's trading operations and ensuring compliance with market integrity standards. BSM Supervisão de Mercados Logo displayed on Mirae Asset's regulatory disclosures page.

Scale indicators16 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Interactive Brokers: Interactive Brokers is a large global multi-asset brokerage offering equities, options, futures, forex, and fixed income across 150+ markets. Comparable to Mirae Asset's international trading capabilities and serves active traders globally, though it does not specialize in Brazilian retail.
• Nomura Holdings: Nomura is a Japanese-headquartered global investment bank with wealth management operations across Asia. Comparable to Mirae Asset Financial Group as a large Asian financial conglomerate with multi-jurisdiction brokerage and wealth management operations.

Direct peers

• Modal Mais: Modal Mais is a Brazilian digital-first retail brokerage offering equities, fixed income, funds, and futures trading with competitive pricing — directly competing with Mirae Asset Brasil's zero-fee positioning and digital onboarding model.
• BTG Pactual: BTG Pactual is Brazil's largest independent investment bank with a significant retail brokerage arm (BTG Pactual Digital), offering equities, fixed income, funds, forex, and wealth advisory. Directly competes in the Brazilian retail brokerage space and serves similar high-net-worth and qualified investor segments.
• Guide Investimentos: Guide Investimentos is a Brazilian full-service brokerage offering equities, fixed income, funds, IPOs, and wealth advisory with a strong advisor partner network — competing directly across most of Mirae Asset Brasil's product offering and distribution model.
• XP Inc. XP Inc. is the largest independent Brazilian retail brokerage and wealth manager, operating XP Investimentos with a similar multi-channel model combining self-serve digital, advisor network (XP Advisors), fixed income, variable income, funds, and IPO distribution. Directly competes with Mirae Asset Brasil for retail and qualified investor wallet share.
• Rico Investimentos: Rico Investimentos is a major Brazilian retail brokerage competing directly with Mirae Asset Brasil across equities, fixed income, funds, and futures trading, with similar advisor partner programs and multi-platform trading access.
• Genial Investimentos: Genial Investimentos is a Brazilian full-service brokerage offering equities, fixed income, funds, and wealth advisory services with an extensive advisor network — competing directly with Mirae Asset Brasil for retail and qualified investor clients.
• Warren Investimentos: Warren Investimentos is a Brazilian digital brokerage with strong fixed income and funds offering, competing directly with Mirae Asset Brasil's zero-custody positioning and serving similar retail investor segments.

Emerging players

• eToro: eToro is a global multi-asset retail trading platform offering commission-free stock and ETF trading plus forex and crypto — overlapping with Mirae Asset Brasil's commission-free trading program and digital-first acquisition model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC3Xeov66VNkl9kUqIgSNiuQ
• Facebookfacebook.com/MiraeAssetCorretora
• LinkedInbr.linkedin.com/company/miraeassetbrasil
• Instagraminstagram.com/miraeassetbrasil

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Mirae Asset Wealth Management