Andbank Brasil

What Andbank Brasil does

Andbank Brasil is the Brazilian subsidiary of Andbank Group, a family-owned private banking institution founded in 1930 in Andorra and headquartered in Escaldes-Engordany. The Brazil entity, based in São Paulo, focuses on wealth management services for high-net-worth individuals, families, and family offices, operating under an open architecture model that selects products from both proprietary funds and third-party providers. The business is built around discretionary portfolio management, comprehensive global advisory, real estate investment services, structured investment instruments, and an integrated global custody platform accessible 24 hours a day, 365 days a year. As of 2025, following the carve-out sale of its Brazilian banking license to Creditas, Andbank retained 75% of its private banking operations in the country and operates under CVM, ANBIMA, BSM, and B3 oversight, holding the brAAA rating from Fitch Ratings.

The business model is fee-driven, with recurring revenue from management fees, performance fees, advisory fees, and transaction commissions on investment product distribution, supplemented by interest income from Lombard loans and mortgage lending to private banking clients. Distribution is relationship-led through dedicated private bankers and investment advisors, augmented by an Independent Financial Advisor (IFA) channel and the group's 53%-owned digital neobank MyInvestor, which extends reach into the mass-affluent segment. Group-wide, Andbank operates across 11 countries with over 1,000 professionals, EUR 61.97 billion in AUM (2025), TIER1 solvency of 18.2%, and an NPL ratio of 0.95%. The group generated EUR 50.6 million in net profit in 2025 (up 10% YoY) and EUR 109 million in EBITDA in 2024 (up 32% YoY), marking four consecutive years of double-digit profit growth.

The Andbank Brasil entity itself does not separately disclose revenue or profit, but is positioned as one node in the group's cross-border wealth management platform. Core technology consists of the proprietary plataforma.andbank.com.br digital banking platform, the 5-phase investment methodology developed over 90 years, and integration with Brazilian market infrastructure (B3, CVM, ANBIMA). Sub-brands include Actyus (fintech investment arm), MyInvestor (digital neobank), and Andbank Asset Management (proprietary fund management, including Luxembourg-domiciled UCITS funds under the SIGMA Investment House brand).

Name

Andbank Brasil

Legal name

Andbank Brasil

Website

https://andbank.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

101–250 employees

Short description

Andbank Brasil is the Brazilian subsidiary of Andorra-based Andbank Group, providing private banking, wealth management, and family office services to high-net-worth individuals and families through an open architecture investment platform, operating post-2025 under a 75%-retained carve-out from the Creditas banking license transaction.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

Private Banking Cross-Border & International Wealth Services (FSABADAL)

akta.pro secondary industry

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Private banking services
• Wealth management
• Asset management
• Investment advisory
• Family office services

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Private Banking Services: Fees and commissions from managing high-net-worth client assets, including discretionary management, advisory, and family office services. Revenue generated through management fees, performance fees, and transaction commissions.
2. Asset Management: Revenue from proprietary and third-party investment fund management through Andbank Asset Management. Includes management of Luxembourg UCITS funds, Andorran funds, and SICAVs.
3. Credit and Lending: Interest income from credit operations including Lombard loans and mortgage lending to affluent private banking clients. Credit investment reached EUR 4.18 billion group-wide.
4. Investment Products Distribution: Distribution of investment products including structured products, public offerings, and co-investment opportunities (club deals) to private banking clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Andbank Brasil is a private bank providing wealth management, discretionary portfolio management, and investment advisory services to high-net-worth individuals and families in Brazil. The firm operates an open architecture distribution model offering third-party and proprietary investment products, complemented by family office, real estate advisory, and credit/lending services. Services are delivered through dedicated private bankers, digital platforms, and a network of independent financial advisors.

Product overview

Andbank Brasil operates as a private banking platform offering comprehensive wealth management services through an open architecture model. The core offering is Banca Privada (Private Banking), which serves as the umbrella service for personalized wealth management. Supporting modules include Gestão Discrecional (Discretionary Management) for active portfolio control, Assessoria Global (Comprehensive Advice) for advisory participation, Real Estate investment services, and Instrumentos de Investimento (Investment Instruments) encompassing mutual funds and Sicavs. The Family Office service provides integrated global custody with consolidated reporting. Investment Solutions is the platform layer combining public offerings (Ofertas Públicas), mutual funds (Fundos de Investimentos) including SIGMA funds, and access to investment advisors (Assessores de Investimentos). The model emphasizes independent financial advice without conflicts of interest, selecting optimal products from multiple providers globally.

Differentiator

Problem solved

Functional benefit

Brands

• Actyus: Smart money for disruptors - invests and creates value in fintech companies
• MyInvestor
• Andbank Asset Management

Products and services

• Banca Privada (Private Banking)
• Family Office Services
• Independent Financial Advisor (IFA) Services / Assessores de Investimentos
• Fundos de Investimentos (Investment Funds)
• Soluções de Investimentos (Investment Solutions Platform)
• Ofertas Públicas (Public Offerings)

Quantifiable outcome

• Assets under management grew 26.8% to EUR 61.97 billion in 2025, adding EUR 13.08 billion in new AUM.
• +6 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• CreditascoreStrategic or Co-development Partner · 1 January 2025In 2025, Andbank Group closed the sale of its Brazilian banking license to Creditas. Following a carve-out operation, 75% of the private banking business in Brazil remained under Andbank's ownership. This transaction transformed the Brazil operations from a full banking license to a private banking structure.
• GesconsultcoreStrategic or Co-development Partner · 1 June 2024In June 2024, Andbank acquired 75% of Gesconsult, one of the first independent asset management firms in the Spanish market. This acquisition added EUR 300 million in volume to Andbank's business in Spain, reinforcing its positioning in asset management and private banking where it became the leading specialist entity by volume of assets.
• Comissão de Valores Mobiliários (CVM)coreOthersBrazilian securities regulator. Andbank Brasil operates under CVM oversight for investment services in Brazil.
• ANBIMAcoreOthersBrazilian financial and investment associations regulating and promoting best practices in the Brazilian investment industry. Multiple ANBIMA seals displayed on Andbank Brasil website.
• B3 (Bolsa de Valores brasileira)coreTechnology or IntegrationBrazilian stock exchange (B3) for securities trading and market access. Andbank Brasil provides B3 connectivity for its clients.
• BSM Supervisão de Mercados (BSM)coreOthersBrazilian market supervision entity. Andbank Brasil operates under BSM oversight as part of its regulatory framework.
• Hospital Sant Joan de DéuminorOthersAndbank is a founding partner of the SJD Pediatric Cancer Center Barcelona, supporting pediatric oncology research and treatment. The bank contributed to a EUR 30 million fundraising campaign for the center.
• Fundació FERO / VHIO (Vall d'Hebron Institut d'Oncologia)minorOthersAndbank collaborates with the FERO Foundation and VHIO for cancer research. Main sponsor of the FERO Grant (EUR 80,000) and annual charity dinner for 3 consecutive years.
• ActyusminorStrategic or Co-development PartnerAndbank's fintech investment vehicle. Actyus invests in and creates value in fintech companies, described as 'smart money for disruptors.'

Scale indicators17 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• EFG Bank: Swiss private bank with global HNW franchise and significant LatAm presence; comparable in scale, client focus, and international wealth services model to Andbank.
• Lombard Odier: Swiss private bank with HNW-focused wealth management and a proprietary investment platform, similar in scale, governance style, and cross-border advisory approach to Andbank.
• Julius Baer: Swiss-listed global private bank serving HNW and UHNW clients with discretionary management, advisory, and cross-border wealth structuring—closely comparable to Andbank's core HNW private banking model and global footprint.
• Banco BTG Pactual: Brazil's leading investment bank with a fast-growing private banking and wealth management franchise, directly competing for the same HNW and family office clients as Andbank Brasil.
• J. Safra Sarasin: Swiss private bank with a long-standing Brazilian franchise (formerly Banco Safra de Investimento), serving HNW families with cross-border wealth management—comparable target market and product suite to Andbank Brasil.
• Pictet Group: Swiss private bank and asset manager focused on wealth management for HNW families, with strong open-architecture fund offerings and European/LatAm cross-border capabilities comparable to Andbank.
• Vontobel: Swiss private banking and asset management group with HNW wealth management and open-architecture investment capabilities comparable to Andbank's structure.

Emerging players

• XP Inc. Brazilian wealth platform with rapidly growing private banking and IFA distribution, increasingly competing for affluent and HNW clients in Brazil—adjacent business model with growing overlap with Andbank Brasil's distribution channels.

Broad incumbents

• Itaú Private Bank: Brazil's largest private bank and part of Itaú Unibanco, offering full banking, credit, and wealth services to HNW clients—an incumbent competitor with broader product set than Andbank Brasil post-banking-license divestiture.
• Banco Safra: Brazilian private bank with HNW, family office, and corporate banking services, offering a comprehensive full-license alternative to Andbank Brasil's narrower private banking structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/AndbankAND
• YouTubeyoutube.com/channel/UCx9LS-Z6_e0lO2R3C6XwXGQ
• Facebookfacebook.com/AndbankAND
• LinkedInlinkedin.com/company/andbankbrasil
• Instagraminstagram.com/andbank_and

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Andbank Brasil