In general terms, these management fees may not be charged when the investment vehicles offered have more than 10% of their assets invested in instruments that AFPs could invest in directly with relative ease.

The introduction of an outcome-oriented private markets SMA reflects a broader industry shift from products to portfolio solutions, with meaningful implications for wealth platforms.

Grupo Aval has completed a major restructuring of its asset management operations under the leadership of Alejandro Gómez, former CEO of AFP Porvenir. The group aims to preserve its industry leadership, leveraging its current approximately 25% ...

These include Paulina Yazigi’s planned departure from the AAFP amid speculation about a potential government role, as well as key executive transitions at AFP Habitat.

Registered advisors oversee nearly USD 30 billion in assets under advisory as regulation and demand accelerate the growth of Chile’s advisory market