We are a Multi-Family Office operating on a Single-Family Office concept.

At Carpa Family Office, integrated management starts from the principle that a family’s wealth and interests cannot be treated in isolation. Investments, wealth planning, legal matters, governance and family needs are interconnected, and each decision can have an impact on different dimensions of the family’s life and wealth.

For this reason, our areas of expertise work in a coordinated and complementary way, sharing knowledge and integrating strategies to provide a comprehensive view of all the family’s assets, liquid and illiquid, in Brazil and abroad.

This 360-degree approach makes it possible to anticipate risks, identify opportunities, reconcile different objectives and develop personalised solutions, taking into account not only immediate needs but also wealth preservation, legal certainty, continuity and the family’s legacy across generations.

A single-family office is a structure set up to serve a single family exclusively, dedicated to managing its wealth and coordinating its financial, legal and family interests. A multi-family office, by contrast, serves several families, sharing a structure of specialist professionals, knowledge and resources, without each family having to set up its own organisation.

Carpa Family Office operates as a multi-family office with a single-family office concept, combining the breadth and expertise of a multidisciplinary structure with the closeness, dedication and personalisation characteristic of an exclusive family office.

This means that each family is supported on an individual basis, with an in-depth understanding of its circumstances, values and objectives. Our different areas work in an integrated and coordinated way, offering solutions that address not only the family’s wealth but also its personal and family interests, with a long-term view, in Brazil and abroad.

Carpa Family Office does not have its own products. Our aim is always to focus on the best solutions, in line with the investment profile, regardless of the financial institution. All benefits and incentives received are passed on to the client. Carpa Family Office is remunerated exclusively by the client, based on a previously agreed arrangement.

Yes. Please contact us for further information.

Carpa Family Office is remunerated exclusively by the client, in two ways:

• Investments: a percentage of the investment volume under its management and/or advisory services.
• Family Services: a pre-agreed fixed monthly fee, based on the complexity and individual needs of each client.

Regarding investment fees, the fee is a percentage of the net assets under our management; there may also be a performance fee, depending on the client’s preference (pure management fee or a combination of management fee and performance fee). As a general rule, this fee already includes Wealth Planning services; the difference between the segments lies in the scope of this area. Specific charges may apply depending on the complexity of the project and the segment, always agreed in advance with the client.

No, the fee range remains the same. Carpa Family Office does not charge more or less for a more or less conservative profile — the fee is a single, all-inclusive amount, precisely so that there is no incentive to alter the client’s profile or the portfolio allocation solely to generate a higher fee for the manager. Any adjustments to the profile occur only in response to the client’s genuine needs, always in a responsible and gradual manner.

A performance fee is only charged if, in that half-year or year (as applicable), the agreed target is actually met. We always apply the ‘waterline’ concept: Carpa Family Office only receives the performance fee, where applicable, if the current value of the portfolio is above the last point at which a fee was charged — this prevents us from charging a performance fee whilst the client’s assets are still recovering from past losses.

The client’s funds never pass through Carpa Family Office — they are always held in custody at partner banks. Under the standard model (discretionary management), Carpa Family Office sets up one or more exclusive funds and/or managed portfolios with a partner bank in Brazil or abroad and manages them on a discretionary basis, always within the limits agreed with the client (risk profile, product type, sector, etc.), with regular discussions on tactical strategies and reallocations. There is also the option of securities advisory services, in which every transaction requires the client’s approval.

Carpa Family Office works with the leading banks in Brazil, the USA and Europe to serve its clients.

The banks we work with have an open architecture; in other words, it is possible to concentrate 100 per cent of assets in a single bank whilst still allocating them to the most suitable products available on the market. This concentration offers operational benefits without posing a concentration risk within the financial institution, as the custody arrangement is a pass-through account (unlike purchasing CDBs and other credit products issued by the bank itself, such as LCIs and LCAs, for example).

No. With regard to investment portfolios under the management or advisory services of Carpa Family Office, remuneration comes solely from the client — any rebates or commissions received are passed directly on to the client.

Yes. Carpa Family Office does not have its own investment profile — the profile is always that of the client — and the remuneration does not change depending on whether the strategy is more or less conservative, which ensures the focus remains on the client’s profile at all times, rather than on the family office’s remuneration.

There is no penalty. Thirty days’ notice is sufficient. Carpa Family Office’s aim is to retain clients over the long term through a relationship based on technical expertise and fairness, rather than through rules that make it difficult to leave.