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Unternehmen: Larrain Vial
LEI 2549003YW25MXGZRGR36, SWIFT LARVCLR1XXX

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Larrain Vial S.p.A.
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Chile
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Chile
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Finanzmärkte
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About Larrain Vial


Larrain Vial, often referred to as LarrainVial, is a distinguished independent financial services company with a rich history spanning over 83 years. The company boasts a notable presence with offices not only in its home country, Chile, but also in Peru, Colombia, and the United States.


LarrainVial operates across three primary business divisions, each catering to distinct financial needs and clientele.


LarrainVial Capital is the first of these divisions, encompassing a wide spectrum of financial services. It includes Capital Markets, Research, and Corporate Finance, all of which are primarily designed to serve institutional clients, both in Chile and abroad. This division is instrumental in providing strategic financial guidance and services to a diverse range of clients.


The second division, Wealth Management, is dedicated to providing personalized investment advice to private clients. Here, the company offers tailored financial strategies and solutions to meet the unique goals and needs of individual investors.


In the Asset Management sector, LarrainVial specializes in structuring and managing a variety of funds, including mutual funds, investment funds, and private equity funds. Additionally, this division is responsible for portfolio management services, ensuring that clients' assets are effectively managed and diversified.


One of LarrainVial's distinguishing features is its expert regional teams, which can be found in Lima (Peru), Bogota (Colombia), New York (USA), Santiago, and 9 other cities throughout Chile. This extensive network allows LarrainVial to provide its clients with comprehensive regional coverage and specialized services.


The trust of clients is of utmost importance to LarrainVial, and this trust is reflected in the significant assets the company manages, which totaled USD 28.7 billion as of 2019. LarrainVial's commitment to providing exceptional financial services and expertise has solidified its position as a respected and trusted financial partner for both institutional and private clients.


History of Larrain Vial


Larrain Vial has a rich history that spans over the course of nearly nine decades, marked by significant milestones and achievements. Founded by the visionary Larrain Vial brothers, Fernando and Leonidas, the company quickly gained prominence in Chile's financial landscape. By the 1950s, it had already established itself as one of the nation's most important brokerage houses.


In 1989, Larrain Vial made history by conducting the first Initial Public Offering (IPO) for a private company, Pilmaiquen, an electric utility. This groundbreaking achievement highlighted the company's pioneering spirit and ability to innovate in the financial sector. Additionally, during this time, Larrain Vial played a crucial role in leading the placement of a USD 110-million bond for Endesa.


The early 1990s witnessed the formal creation of the Research and Corporate Finance departments within the company. This era was characterized by a remarkable surge in Initial Public Offerings (IPOs), with notable contributions to the launch of companies like Falabella, D&S, and Santander Chile Holding.


In 2003, Larrain Vial continued to expand its services by establishing the Third-Party Product Distribution Desk (DP3), which represented and distributed funds from prestigious international fund managers. The company also opened an office in Chillan to enhance its regional presence.


The year 2004 marked the beginning of Larrain Vial's operations in Peru, further extending its reach into the Latin American market. Back in Chile, the company diversified its offerings by creating the Asset Management and Corporate Risk Management divisions.


Larrain Vial's influence in the global financial landscape was evident when it closed one of the largest M&A transactions handled from Chile, involving developed markets. This transaction involved the buyout of Repsol Spain's stake in Repsol Chile for a substantial USD 540 million.


In 2012, Larrain Vial Corredora de Bolsa achieved an impressive feat by logging 24 consecutive months as the number one firm in equities trades in the Chilean market.


Larrain Vial's Asset Management arm continued its innovation by launching unique Luxembourg-based SICAV investment funds, offering new investment opportunities in the Andean market.


The year 2019 saw the company acting as a placement agent in the largest Initial Public Offering (IPO) in Chilean history, with the Cencosud Shopping IPO, which reached an astounding USD 1.05 billion. Furthermore, Larrain Vial ventured into the multi-family office business by acquiring Alcala Inversiones, further diversifying its services.


Fast forward to 2022, Larrain Vial Asset Management SICAV adapted to evolving needs by appointing EY as the financial auditor. Similarly, in 2023, JP Morgan SE was chosen as the new Depositary, Custodian, Administrator, and Transfer Agent for the company's funds, reflecting Larrain Vial's commitment to adapt to changing circumstances and align with partners that can support its vision and growth in the dynamic world of financial services. This impressive history demonstrates Larrain Vial's resilience, commitment to innovation, and unwavering dedication to providing top-tier financial services.


Offices of Larrain Vial


Larrain Vial has established its presence in various locations across the globe. Here are the office locations of the company:


  • Santiago, Chile

    Address: Av. El Bosque Norte 0177, piso 1, Las Condes.

    Phone: +56 2 2339 8500


  • Bogota, Colombia

    Address: Carrera 7 Numero 71-21, tower B, 10th floor, office 1008, Bogota D.C.

    Phone: +57 1 325 8030


  • Lima, Peru

    Address: Av. Jorge Basadre 310, 8th floor, San Isidro, Lima 27.

    Phone: +51 1 611 4300


  • New York, USA

    Address: 400 Madison Avenue, suite 5C, New York, NY 10017.

    Phone: +1 646 559 0560


Services Provided by Larrain Vial


Asset Management


Larrain Vial Asset Management has been a significant player in the field since its inception in 1998. The primary aim of the company is to facilitate investment opportunities for both foreign individuals and institutions. In 2011, LarrainVial Asset Management achieved a groundbreaking milestone by becoming the first Chilean promoter to introduce an investment vehicle under European law, known as UCITS IV. This vehicle, LarrainVial Asset Management SICAV, was established in Luxembourg and has served as a platform that opens the doors for Latin American and European investors to access various investment strategies.


This expansion into international markets allowed Latin American and European investors to participate in strategies such as Small & Mid Cap Latam, High Yield Latam, and Chilean Equities. This move was instrumental in broadening LarrainVial Asset Management's global reach and establishing it as a trusted partner for investors seeking opportunities in the Latin American market.


One noteworthy distinction of LarrainVial Asset Management is its management practices rating. It holds an impressive AMP-1 (Very Strong) rating from Standard and Poor's, making it the only third-party fund manager in Chile to achieve this high rating. This accomplishment positions LarrainVial Asset Management among an exclusive group of just five entities in Latin America, including one in Peru and three in Brazil, to attain such a prestigious rating.


Presently, LarrainVial Asset Management operates with a dedicated team of over 70 professionals who manage assets totaling more than USD 6.1 billion. These assets are managed through various vehicles, including mutual funds, investment funds, and portfolio management services.


LarrainVial Asset Management is deeply committed to addressing the unique needs of its clients and achieving consistent, long-term results. The company offers a range of investment strategies across different areas, ensuring that clients have access to a diverse array of options. These strategies include:


  • Latam Equities: Managing assets totaling USD 418 million.


  • Latam Credit: Overseeing assets worth USD 604 million.


  • Rates and Currencies: Managing a substantial USD 1.14 billion in assets.


  • Asset Allocation: Overseeing USD 1.32 billion in assets.


  • Trading: Managing assets valued at USD 1.16 billion.


  • Real Estate: In this sector, the company manages assets amounting to USD 68 million.


LarrainVial Asset Management's multifaceted approach to asset management and its commitment to delivering consistent results have made it a trusted partner for a diverse range of investors, both in Latin America and beyond.


LarrainVial Capital


  • Equities. LarrainVial stands as a prominent institution in the Andean region when it comes to equity trading. In 2019, the company's market share represented a substantial 17% of the total trading volume on the Chilean, Peruvian, and Colombian stock exchanges. Notably, in Chile, LarrainVial Corredora de Bolsa secured the top position in the equity market, boasting a 17% market share in terms of volume traded on the Santiago Stock Exchange and the Electronic Exchange. In Colombia, the company ranked fifth in equity transactions, holding a 9.9% market share, and exclusively catering to institutional clients. Meanwhile, in Peru, LarrainVial achieved the sixth position with a 3.9% market share in 2019.


  • Fixed Income and Derivatives. LarrainVial extends its expertise to local and foreign institutional clients by offering market-making and trading of debt instruments. The company holds a distinguished position in the trading of bonds issued by Peruvian, Chilean, and Colombian corporations on the international market (Reg S/ 144 A). Additionally, LarrainVial serves as one of the primary brokers for corporate and sovereign bonds in local currency within the Chilean and Peruvian markets.


  • Prime Services. LarrainVial leverages its institutional resources to deliver exceptional Prime Services to its institutional client base. These services encompass a range of critical functions, including financing, full regional custody, clearing services, corporate action services, securities lending with access to a stable supply of stocks, and access to hard-to-borrow equities. Clients benefit from consolidated reporting via a 24/7 full-service platform and dedicated client service professionals. Moreover, LarrainVial ensures top execution solutions through direct market access and algorithmic trading.


LarrainVial Research


Larrain Vial's Research Department plays a pivotal role in providing top-quality, fundamental analysis of economies and markets in Chile, Colombia, and Peru. This dedicated team of analysts, consisting of 17 professionals, covers a wide spectrum of sectors to offer valuable insights and information to clients. The sectors under their purview include Basic Materials, Industrials, Consumer Goods, Consumer Services, Telecommunications, Utilities, Financials, and Technology.


The Research Department at Larrain Vial has garnered recognition for the quality and depth of its analyses on numerous occasions. Their work is highly regarded for its ability to offer valuable insights and guide investment decisions.


Key components of their research offerings include the following:


  1. Equities. The team of analysts regularly provides insights and reports related to equities, offering a comprehensive view of the stock market and individual stocks.


  2. Economics and Markets. Clients benefit from expert analyses on economic trends and market conditions, helping them make informed decisions in a dynamic financial landscape.


  3. Comprehensive Equity and Corporate Credit Reports. Larrain Vial's Research Department goes the extra mile by producing comprehensive reports on both equities and corporate credit. These reports provide a deep understanding of the financial health and potential of various companies and investments.


The Research Department's commitment to providing in-depth, reliable, and up-to-date information underscores Larrain Vial's dedication to delivering exceptional research services to its clients. The insights provided by the team assist clients in navigating the complexities of the financial world and making informed investment decisions.


Wealth Management


Larrain Vial's Wealth Management services are designed to provide private clients with access to the finest investment opportunities, both locally and internationally, through the expert advisory of a team consisting of 160 professionals. This dedicated team currently manages an impressive portfolio, with assets under management (AUM) totaling over USD 7.6 billion.


The core mission of the Wealth Management team is to offer customized portfolio solutions that align with the unique needs and risk profiles of their clients. The range of services and investment options provided by Larrain Vial's Wealth Management team includes:


  1. Mutual Funds. The team guides clients in making informed decisions about mutual fund investments, allowing them to participate in a diverse range of investment opportunities.


  2. Stocks. Private clients can explore equity investments with the support and guidance of Larrain Vial's professionals.


  3. Debt Instruments. The team provides insights and opportunities in the realm of debt instruments, allowing clients to diversify their investment portfolios.


  4. International Exchange. Clients have the option to access international markets and investment opportunities, extending their investment horizons beyond local boundaries.


  5. Voluntary Pension Savings. Larrain Vial's Wealth Management team assists clients in optimizing their voluntary pension savings, ensuring a secure and prosperous retirement.


  6. Investment Funds International. This service enables clients to explore international investment funds, gaining access to a wide array of global investment options.


LarrainVial Estrategia


LarrainVial Estrategia is an independent team within Larrain Vial, dedicated to providing in-depth analysis and expert recommendations in the realm of wealth management. This specialized team plays a crucial role in assisting Larrain Vial's wealth managers in delivering the best investment strategies to clients.


The LarrainVial Estrategia team comprises 14 dedicated professionals who leverage their expertise and experience to offer analysis, advice, and investment strategies. These recommendations are rooted in economic and financial models that are designed to identify and capitalize on current market opportunities. To ensure the highest level of quality and sound decision-making, these recommendations undergo thorough scrutiny and approval by an investment committee on a weekly basis.


LarrainVial Estrategia doesn't limit itself to a narrow range of products; instead, it offers a diverse array of recommendations to clients. This wide product range provides clients with access to various strategies and allows them to engage with leading managers on a global scale. The approach employed by LarrainVial Estrategia is one of open architecture, which means that clients can benefit from a vast selection of investment options, both passive and active, by having access to the best asset management companies worldwide.


In essence, LarrainVial Estrategia is an invaluable resource for wealth managers and clients, offering expert insights and recommendations that help clients navigate the complexities of the financial world and make informed investment decisions. Through an open and diverse approach to investment strategies, LarrainVial Estrategia ensures that clients have access to a wide range of options to meet their unique financial objectives and preferences.


FAQ


What services does Larrain Vial offer?


Larrain Vial is a distinguished financial services company with a rich history spanning over 83 years. With offices located in Chile, Peru, Colombia, and the United States, the company has established a prominent presence in the financial landscape of Latin America and beyond.


Larrain Vial operates through three core business areas, each designed to meet the distinct needs of their clientele:


  1. LarrainVial Capital. This division serves institutional clients and encompasses Capital Markets, Research, and Corporate Finance. It's a hub for trading, financial analysis, and corporate financial services, offering a wealth of resources for clients in Chile and abroad.


  2. Wealth Management. Larrain Vial's Wealth Management service is dedicated to providing expert investment advice to private clients. Through a team of 160 professionals, they offer access to a diverse array of investment alternatives, both locally and internationally. The team manages a significant portfolio of over USD 7.6 billion in assets under management, focusing on creating portfolio solutions tailored to the unique needs and risk profiles of their clients.


  3. Asset Management. Larrain Vial's Asset Management division, founded in 1998, has a global reach, allowing foreign individuals and institutions to access a wide range of investment strategies. Their innovative approach includes launching investment vehicles under European law, such as LarrainVial Asset Management SICAV in Luxembourg, providing opportunities for Latin American and European investors in areas like Small & Mid Cap Latam, High Yield Latam, and Chilean Equities. With assets exceeding USD 6.1 billion, the team manages investments through mutual funds, investment funds, and portfolio management, offering various investment strategies to clients.


How can I start investing with Larrain Vial?


  1. Contact Larrain Vial. Reach out to Larrain Vial through their official website or contact information to express your interest in investment services. They will connect you with a dedicated representative or advisor to guide you through the process.


  2. Assessment and Consultation. A Larrain Vial advisor will schedule a consultation to understand your financial goals, risk tolerance, and investment preferences. This is a crucial step to tailor an investment strategy that aligns with your specific needs.


  3. Selecting Investment Services. Based on your consultation, the advisor will recommend suitable investment services. Larrain Vial offers a range of services, including Capital Markets, Wealth Management, and Asset Management. You can choose the service that best fits your objectives.


  4. Account Setup. Your advisor will assist you in setting up the necessary accounts and documentation to begin your investment journey. This may involve opening brokerage or wealth management accounts, completing necessary paperwork, and complying with legal and regulatory requirements.


  5. Portfolio Construction. For Wealth Management and Asset Management clients, the advisor will work with you to construct a portfolio that aligns with your investment objectives. They will recommend specific investment products and strategies based on your risk profile and financial goals.


  6. Funding Your Account. Depending on the investment service chosen, you will need to fund your account with the initial investment amount. This can be done through various means, including wire transfers, direct deposits, or other accepted methods.


  7. Monitor and Adjust. After your investment is underway, your Larrain Vial advisor will help you monitor your portfolio's performance and make adjustments as needed. They will keep you informed about market conditions and opportunities.


  8. Ongoing Communication. Communication with your Larrain Vial advisor is vital. Regular meetings and updates will ensure your investment strategy remains aligned with your goals and adapts to changing circumstances.


Is Larrain Vial a good choice for investing?


Larrain Vial is indeed a strong and reputable choice for investing, especially in the realm of asset management. The fact that Larrain Vial's Asset Management division has achieved the highest rating of AMP-1 (Very Strong) from Standard & Poor's is a testament to the company's commitment to excellence and its ability to manage investments effectively.


This impressive rating demonstrates that Larrain Vial excels in its asset management practices and has a track record of delivering strong results. It's an indicator of their capability to meet the financial goals and expectations of their clients while maintaining a robust and reliable approach to investment management.


Investors looking for a reliable and well-regarded partner for their investment needs can have confidence in Larrain Vial, especially in the context of asset management services. The company's commitment to maintaining a very strong rating from a respected credit rating agency like Standard & Poor's speaks to its dedication to providing quality investment solutions.

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  • LEI
    2549003YW25MXGZRGR36
  • SWIFT
    LARVCLR1XXX
  • SIC
    6211 SECURITY BROKERS, DEALERS & FLOTATION COMPANIES

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