The Wigmore Association, the group of multi-family offices which collaborates on investment research, has added Brazil-based Turim Family Office & Investment Management, as it expands its horizons into Latin America.

Headquartered in Rio de Janeiro, Turim also has offices in São Paulo, Minas Gerais and Porto Alegre, giving the organization representation in four continents. The founding members straddle North America, Europe and Australia, and are SandAire (UK), Pitcairn (US), HQ Trust (Germany), The Myer Family Company (Australia), Northwood Family Office (Canada) and Progeny 3 (US).

“The growing importance of South America, and Brazil in particular, on the world economic stage is undeniable. We look forward to gaining their insights and perspective on the challenges of managing family wealth,” said Marc Hendriks, chief investment officer of SandAire.

Speaking to Family Wealth Report earlier this year, Karen Clark, director, client team at SandAire, said the group does not have a “bigger is better” view of growth, but recognizes that “the future is not having a manager in Edinburgh investing in Japan - it’s having people on the ground, expanding your network beyond your community.” (View here.)

Turim, meanwhile, is hoping to leverage the network to better serve its clients in Brazil, by providing access to a wider pool of investment research. As Clark pointed out in the interview, for multi-family offices aiming to compete with the largest banks, showing clients access to global investment research and strategies is critical.

Turim was founded 13 years ago - in a country where the family office industry is still young - and serves approximately 35 families, with some stretching across three generations.