TNA Gestão Patrimonial

What TNA Gestão Patrimonial does

TNA Gestão Patrimonial (legal name: Taboação, Nieckele & Associados Gestão Patrimonial) is an independent Brazilian multi-family office founded in 2003 and headquartered in Leblon, Rio de Janeiro, with a second office in São Paulo. The firm serves approximately 100 high-net-worth Brazilian families with average investable assets of R$30–50 million and aggregate AUM of roughly R$3 billion, offering two core services: Planejamento Patrimonial (comprehensive wealth planning covering estate, insurance, real estate, tax, and legal) and Gestão Financeira (personalized investment management). Asset allocation and portfolio construction follow Método TNA®, a proprietary, trademarked methodology codified on the pillars of liquidity, diversification, and efficiency, with individualized parameters derived from each family's cost structure and circumstances rather than market forecasts. The firm is registered with the CVM and operates through a compliance framework including ethics, risk management, liquidity, and suitability policies.

The business is run on a partner-led, direct-advisory model with no institutional ownership and no distribution intermediaries: partners (Ricardo Taboação, Veronica Nieckele, Roberto Corrêa da Fonseca, Paulo Meirelles, Hans Boehme, Alessandra Bouhid) maintain direct contact with clients, supported by advisor Aaron S. Gurwitz (former Global CIO of Barclays PLC Wealth & Investment Management). Revenue is generated exclusively through a percentage-of-AUM fee on third-party asset management and patrimonial management services; the firm explicitly does not collect fund rebates or distribution fees. TNA also operates Alocc, a separately constituted asset allocation platform backed by 22 dedicated Alocc TNA investment funds (administered by Bradesco BEM DTVM and structured with Icatu Seguros for pension/insurance wrappers), which packages the firm's manager-selection and allocation process for smaller family offices and independent professionals under the registered "Alocc" IP.

Name

TNA Gestão Patrimonial

Legal name

Taboaço, Nieckele & Associados Gestão Patrimonial

Website

https://tna.com.br

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

TNA Gestão Patrimonial is an independent Brazilian multi-family office founded in 2003, managing approximately R$3 billion for around 100 high-net-worth families (R$30–50 million average) through personalized wealth planning and financial management via its proprietary Método TNA®.

Ownership category

akta.pro rank

Product category

Wealth Management / Multi-Family Office

NAICS

Portfolio Management and Investment Advice (523940)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industry

Investment Management Advisory (RIA) (FSAEAAAB)

Keywords

• Wealth management services
• Multi-family office
• Asset allocation
• Financial planning services
• Portfolio management

Headquarters

HQ city

Rio De Janeiro

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Patrimonial Management Fees: TNA's compensation comes exclusively from patrimonial management services and third-party asset management activities. Fees are calculated as a percentage of the total amount of resources invested by investors in investment funds under TNA's management. TNA does not receive rebates from investment funds and does not receive fees for distributing fund quotas, as distribution is considered a means activity for their core asset management function.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TNA is a multi-family office providing comprehensive patrimonial (wealth) planning and personalized financial management services to high-net-worth Brazilian families. The firm manages approximately R$3 billion for around 100 families, with average wealth between R$30 million and R$50 million per family, applying its proprietary Método TNA® methodology for asset allocation, manager selection, and continuous portfolio monitoring free from ties to financial institutions.

Product overview

TNA Gestão Patrimonial is a multi-family office providing comprehensive wealth management services since 2003. The firm offers two core services: Planejamento Patrimonial (comprehensive wealth planning) and Gestão Financeira (personalized financial management), both delivered through its proprietary Método TNA® methodology. The firm also operates Alocc, a subsidiary company that systematizes its asset allocation approach for smaller family offices and independent professionals. TNA manages approximately R$ 3 billion under management for about 100 families, with average portfolio size between R$ 30 million and R$ 50 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Planejamento Patrimonial (Wealth Planning) Comprehensive wealth planning service that integrates all aspects of a high-net-worth family's asset management, including financial situation analysis, estate planning, insurance analysis, real estate investments, financial investments, and legal/tax considerations. Targeted at high-net-worth Brazilian families seeking multi-generational wealth preservation.
• Gestão Financeira (Financial Management) Fully personalized financial management service free from ties to financial institutions or other service providers, following the proprietary Método TNA® for asset allocation, manager selection, and continuous portfolio monitoring. Targeted at high-net-worth Brazilian families seeking conflict-free investment management.
• Alocc Asset Allocation Platform Asset allocation platform that replicates TNA's manager selection model for smaller family offices and independent professionals who face regulatory or scale barriers. The platform provides systematic resource allocation across investment managers and asset classes, with the underlying process registered as intellectual property with INPI.

Quantifiable outcome

• 75% of long-term portfolio returns come from natural market appreciation captured through simple investment maintenance
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and supporting.

• AlocccoreStrategic or Co-development Partner · 1 January 2003Alocc is a separate asset allocation company created by TNA to replicate its manager selection model. It brings together smaller family offices and independent professionals, functioning as a platform for collective asset allocation. TNA registered its allocation process with INPI and created Alocc to serve smaller family offices and independent managers who face regulatory barriers to entry.
• Bradesco BEM DTVMsupportingTechnology or IntegrationBradesco BEM DTVM serves as the fund administrator for Alocc TNA funds. The administrator provides shareholder information and fund documentation through its website (bemdtvm.bradesco.com), allowing investors to access fund details, CNPJ information, and regulatory documents.
• Icatu SegurossupportingTechnology or IntegrationSeveral Alocc TNA funds are structured with Icatu as the pension/insurance component, including Alocc TNA Renda Fixa Icatu Prev, Alocc TNA Multi. Icatu I Prev, Alocc TNA Multi. Icatu II Prev, and Alocc TNA Equities Icatu II Prev.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• BTG Pactual Wealth Management: Largest independent investment bank in Latin America with a substantial private wealth / family office platform (former Pactual lineage). Competes for the same ultra-HNW Brazilian family segment as TNA, with broader product breadth.
• XP Inc. Largest Brazilian independent wealth platform, serving affluent and HNW clients through advisors and digital tools. Indirect competitor to TNA in the upper-affluent segment, particularly with next-generation heirs.
• Itaú Private Bank: Largest Brazilian private bank serving ultra-HNW families; previously employed TNA partner Paulo Meirelles as Private Banking Director. Represents the bank-tied incumbent alternative that TNA's independent model is positioned against.
• Bradesco BEM DTVM (Private Wealth): Fund administration arm of Bradesco that administers Alocc TNA funds; the broader Bradesco Private Bank competes with TNA for HNW families while also being an infrastructure counterparty.
• Banco Safra Private Banking: Established Brazilian private bank with a focused ultra-HNW offering. Comparable to TNA as a target for high-ticket Brazilian families seeking dedicated advisory, though operating within a full-service banking platform.

Regional players

• Julius Baer (Brazil): Swiss private bank with selective Brazilian coverage serving globally-mobile HNW Brazilian families. Comparable to TNA as a target for the cross-border ultra-HNW segment, though operating from outside Brazil.

Direct peers

• Vinci Partners: Brazilian alternative investment and wealth management firm serving affluent and institutional clients, with a dedicated private wealth platform. Comparable to TNA as an independent Brazilian MFO with asset-allocation methodology and HNW focus.
• Orama Asset Management: Brazilian independent asset manager and wealth platform serving retail-affluent and HNW clients with proprietary allocation methodology. Comparable to TNA as an independent Brazilian asset allocator with a codified methodology.
• Bahia Asset Management: Brazilian independent asset manager with a multi-family office-style offering for HNW families. Competes with TNA in providing institutional-quality portfolio management to Brazilian private wealth without bank affiliation.
• GPS Investimentos: Brazilian independent wealth management firm (now part of J.P. Morgan) serving HNW families with multi-family office-style advisory. Direct competitor to TNA in the conflict-free, fee-only MFO segment in Rio and São Paulo.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 TNA Gestão Patrimonial