Itaú Private Bank

Itaú Family Office operates as a dedicated advisory unit within one of Latin America’s largest banking groups, explicitly limiting its client base to a small number of families with complex, multi-generational wealth needs. That restriction is intentional: the unit positions itself around depth of relationship rather than breadth of coverage, offering individualized patrimonial consulting rather than packaged wealth management products.

The service is built around five core areas of practice:

• Investment consulting with declared independence from the broader Itaú product shelf
• Succession planning and family governance
• Business origination
• Risk management and control
• Global patrimony oversight

The independence claim is notable for a bank-affiliated unit. Itaú Family Office states it works independently alongside financial partners while retaining access to Itaú Group structures and services. For families who want the institutional backing of a major bank but are concerned about captive product distribution, this distinction is worth probing in any evaluation conversation.

The unit publishes its code of ethics, code of conduct, and internal control guidelines publicly, which suggests a degree of transparency around conflicts of interest that is not universal in bank-affiliated family office practices. Pricing is not disclosed, and the service appears to be available primarily to families in Brazil and across Itaú’s Latin American network, covering Argentina, Chile, Colombia, Paraguay, and Uruguay. Families seeking a global custodial or reporting infrastructure beyond that footprint may find the offering narrow. For ultra-high-net-worth Brazilian families prioritizing long-term wealth preservation with access to a major regional banking institution, this unit merits direct consideration.