Azimut Brasil

What Azimut Brasil does

Azimut Brasil is the Brazilian subsidiary of the Azimut Group (Azimut S.p.A.), an independent wealth manager listed on the Milan Stock Exchange (ticker AZM.MI) since 2004. The company entered Brazil in 2013 through the acquisition of 50% of Legan and subsequently built a multi-entity platform through a series of acquisitions: FuturaInvest DTVM (2014), LFI Investimentos (2015), Quest Investimentos (2015, now AZ Quest), and BRZ Gestão de Patrimônio (2016). Operating from São Paulo across 7 Brazilian states plus the Federal District, it serves high-net-worth individuals, families, and corporate/institutional clients through three core entities: Azimut Brasil Wealth Management (independent financial advisory and discretionary portfolio management), AZ Quest (asset management with a diversified fund shelf spanning equities, long-short, macro, fixed income, private credit, and arbitrage), and Azimut Brasil DTVM (CVM- and BCB-regulated securities distribution and intermediation, including Pix payment services and virtual asset operations).

The business model is fee-based on assets under management (monthly billing) plus commission-based distribution per product type, with Investment Advisors compensated through percentage rebates. Technology infrastructure is provided by the Azify platform (AZIFY LTDA., a group company), delivering Banking-as-a-Service and Investments-as-a-Service capabilities, Pix integration via Banco Topázio, and crypto/virtual asset intermediation. Clients access services through Azimut Smart (digital advisory platform) and the Wealth Service portal. The company holds CVM, BCB (Resolution 80/2021), and ANBIMA regulatory credentials, and operates under an open-architecture model emphasizing independence from banks, insurers, and industrial groups.

Azimut Brasil Wealth Management manages R$ 11 billion in AUM, part of the Azimut Group's R$ 400+ billion in global AUM across 18 countries, serving over 2 million clients through 15,000+ relationship managers worldwide. The group has announced a multi-year plan to consolidate all Brazilian entities through merger into a unified corporate structure.

Name

Azimut Brasil

Legal name

AZIMUT DISTRIBUIDORA DE TÍTULOS E VALORES MOBILIÁRIOS LTDA.

Website

https://azimutwealth.com.br

Company type

Private

Founded year

2013

Operating status

Operating

Short description

Azimut Brasil is an independent wealth manager serving high-net-worth individuals, families, and corporate clients in Brazil through Azimut Brasil Wealth Management, AZ Quest asset management, and Azimut Brasil DTVM securities distribution, managing R$ 11 billion in AUM as part of the Azimut Group.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

Keywords

• Wealth management services
• Investment advisory
• Asset management
• Portfolio management
• Securities distribution

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Distribution and Intermediation Fees: Azimut Brasil DTVM generates revenue through distribution and intermediation of investment products including funds, public offerings, fixed income securities, and secondary market operations. The DTVM is authorized by CVM and BCB to distribute securities.
2. Fee-Based Wealth Management: Azimut Brasil Wealth Management charges fees based on total assets under management, providing financial advisory, investment counseling, and portfolio management services to high-net-worth clients.
3. Commission-Based Distribution: Distribution of investment products through commissioned sales agents and investment advisors, with commissions varying by product type and fee structures per asset class.
4. Securities Distribution Revenue: Revenue from distribution of investment funds, public offerings, primary bank securities, and secondary market fixed income operations (private credit, government bonds, private bank securities).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Azimut Brasil is the Brazilian arm of Italy's Azimut Group, operating as an independent wealth manager and asset distributor. It runs two core businesses: Azimut Brasil Wealth Management (independent financial advisory, investment counseling, and discretionary portfolio management for high-net-worth clients via an open-architecture model) and AZ Quest (an asset manager offering a diversified shelf of investment funds across equities, long short, macro, fixed income, private credit, and arbitrage). Supporting these is Azimut Brasil DTVM, a regulated securities distributor authorized by the CVM and Banco Central do Brasil for fund distribution, public offerings, fixed-income intermediation, and Pix-enabled payment account services.

Product overview

Azimut Brasil is a Brazilian financial services group operating two main business lines under the Azimut brand: Azimut Brasil Wealth Management (gestora de patrimônio) providing independent financial advisory, investment counseling, and discretionary wealth management for high-net-worth clients through an open-architecture model; and AZ Quest (gestora de recursos) offering a diversified shelf of investment funds across equity, long short, macro, fixed income, private credit, and arbitrage strategies. Supporting these is Azimut Brasil DTVM, the regulated securities distributor handling fund distribution, public offerings, and payment account services (including Pix). Clients access services through the Azimut Smart digital platform and the Wealth Service portal, with infrastructure powered by the Plataforma Azify (BaaS/IaaS). The group also distributes public offerings (CRA, CRI, debentures) and offers managed portfolios and exclusive funds.

Differentiator

Problem solved

Functional benefit

Brands

• AZ Quest: One of the most traditional Brazilian asset managers, part of Azimut Group since 2015. Offers a diversified shelf of funds focused on equities, long short, macro, fixed income, private credit, and arbitrage strategies.
• Azimut Brasil Wealth Management
• Azimut Smart

Quantifiable outcome

• R$ 11 billion in assets under management in Brazil (Wealth Management division)
• +2 more outcomes

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Banco Topázio S.A.coreTechnology or IntegrationBanco Topázio S.A. serves as the direct participant of the Pix instant payment system, providing the underlying payment infrastructure that enables Azimut Brasil DTVM to offer Pix services as an indirect participant. This partnership allows Azimut to provide electronic transfer and payment services to its clients through the Pix arrangement regulated by the Central Bank of Brazil.
• Azify LTDA.coreTechnology or IntegrationAzify LTDA. is an infratech company that develops and licenses the Azify platform technology solutions for the financial market and blockchain applications. Azimut DTVM utilizes Azify's technological infrastructure for its BaaS/IaaS services including account management, payment processing, and virtual asset services. Azify acts as a technology provider within the same corporate group.
• Various Fund Managers and IssuerscoreChannel Partner/ Reseller/ DistributorAzimut Brasil DTVM distributes investment products from various third-party fund managers and securities issuers through its open architecture platform. The DTVM evaluates managers, issuers, and debtors based on its own criteria and assesses risks and target audiences for each product. Products include investment funds, public offerings, and fixed income securities.

Scale indicators8 records

Recent moves9 records

Direct peers

• XP Inc. Largest independent wealth management and investment distribution platform in Brazil, offering open-architecture advisory, asset management, and securities distribution to retail and HNW clients. Direct head-to-head competitor for HNW advisory and AUM share in Brazil.
• Vinci Partners: Brazilian independent alternative asset manager and wealth manager with public listing (VINP). Comparable in offering alternative and traditional investment strategies plus wealth advisory to HNW clients in Brazil.
• Banco Genial: Independent Brazilian investment bank and wealth manager, formerly Brasil Plural. Competes in independent advisory, asset management, and capital markets services for HNW and institutional clients.
• TAG Investimentos: Brazilian independent wealth management firm serving HNW clients with open-architecture advisory. Operates with a similar 'independent' value proposition to Azimut Brasil.

Emerging players

• Órama: Brazilian digital wealth and investment distribution platform focused on retail and emerging-affluent clients with open-architecture funds. Emerging competitor targeting younger segments that Azimut's Azimut Smart platform also addresses.
• Mirae Asset (Brasil): Brazilian arm of Korean/global asset manager Mirae Asset, offering mutual funds and wealth solutions. Comparable as a multi-strategy asset manager with both proprietary funds and distribution in Brazil.

Broad incumbents

• BTG Pactual: Major Brazilian investment bank with a sizeable wealth management division (BTG Pactual Wealth Management) serving UHNW clients. Comparable on wealth advisory and asset management, but operates as a broader investment bank with proprietary products.
• Itaú Private Bank: Private banking arm of Itaú Unibanco, Brazil's largest bank. Competes directly for HNW and family-office clients, though with bank-affiliated product bias that Azimut positions itself against.
• Bradesco Private Bank: Private banking arm of Bradesco, another top Brazilian bank, serving HNW clients with wealth advisory and asset management. Similar captive-product positioning versus Azimut's independent model.

Regional players

• Julius Baer: Swiss-headquartered pure-play wealth manager with significant Brazilian HNW franchise. Comparable cross-border wealth advisory capability to Azimut's global network advantage.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lfi-tech-star-pe

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 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 Azimut Brasil