Joinville, in northern South Carolina, is home to one of the nation’s largest investment firms. XP-linked Manchester plans to have a portfolio of more than BRL 20 billion by next year.

Image – Photo: Publicity/ND

Founded in 1967, the company remained focused on Joinville until 2015 with a small team.

Joinville’s expansion into other regions

In the following years, it began to expand to include other cities in Santa Catarina such as Blumenau and Florianopolis. Over the past two years, the company has grown from a team of 88 professionals to more than 350 people and has reached cities in the southeast.

Today, with BRL 15 billion in custody, the level change has expanded Manchester’s scope. There are more than 20 thousand active clients, the average bill is 750 thousand reais.

Enrique Baggenstoss, Managing Director of Manchester – Photo: Disclosure

“Our growth in recent years has been very organic and at the pace we were striving for. It was natural to expand so quickly. Along the way, we managed to learn a lot and get to know each other more deeply: what are our strengths and what is really important in each service,” says Enrique Baggenstoss, CEO of the company.