Brazilian Banks "Private company: Lifetime Investimentos - Meeting with ..."

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Brazilian Banks "Private company: Lifetime Investimentos - Meeting with ..."

Global Research

23 June 2026ab

Brazilian Banks Equities

Latin AmericaPrivate company: Lifetime Investimentos -

Meeting with Management Banks

Thiago Batista, CFA

Analyst

thiago.batista@ubs.com

Diversification of revenues and growth opportunities +55-11-3513 6518

We recently hosted a meeting with Lifetime Investimento's CEO and founder: Mr. Beatriz Shinye

Fernando Katsonis. Lifetime Investimentos is an investment advisory firm founded Associate Analyst

in 2011 and entered a partnership with BTG Pactual in 2020. The company has beatriz.shinye@ubs.com

currently 11 branches widespread in the country and about ~R$30bn of assets under +55-11-2767 6569

custody (AuC). While it is a challenging environment, the company aims to reach R

$100bn in some years through a combination of a client base increase, higher share

of wallet in the current clients, which should lead to an increase on its average

ticket. Management highlighted opportunities ahead in the offshore business that is

still relatively small in Brazil. The non-investment segments of Lifetime (insurance,

corporate, investment banking) is gaining relevance over time, a trend that should

continue going forward. Note that Lifetime has a partnership with BTG Pactual and

directly competes with the banks in our coverage. See below the main takes of the

meeting:

Lifetime's client profile: the company is focusing on clients with over R$ 3 mn

of investments, but the average ticket of the company is higher (about R$

10mn). The private business of incumbent banks and also the financial

advisory companies are the main competitors of Lifetime.

Change in remuneration system: fee-based is in an early stage. Following