Vita Holdings — Investor Pitch

Who We Are

Built on trust, guided by independence

Vita Holdings is a multi-entity financial group with operating businesses in asset management, investment advisory, and multi-family office services. Regulated in both Brazil and the United States.

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Full Independence

Zero conflicts of interest — we recommend only what's genuinely best for the client, regardless of product manufacturer.
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Global Reach

Operations spanning Brazil and the US. USD-denominated mandates alongside BRL advisory, giving clients truly international exposure.
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Dual Regulation

Licensed under Brazilian CVM/ANBIMA standards and operating in compliance with US SEC/RIA regulatory frameworks.
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Recurring Revenue Model

Management fees and advisory retainers create predictable, growing cash flows — resilient across market cycles.

Our Mandate

Vita was born to help people save, plan and make their dreams a reality. Every client is treated as a unique project — their life, their goals, their portfolio.

Our team combines technical depth with genuine alignment of values. We've built a firm where the right answer for the client is always the only answer.

Licensed & Regulated

CVM Brazil ANBIMA US SEC-Compliant RIA Framework

Investor Profile — Who We Serve

High-net-worth families and individuals seeking sophisticated, independent wealth planning across BRL and USD asset classes. Average relationship duration exceeds 4 years.

Financial Performance

Consistent growth across all metrics

Vita Holdings has demonstrated remarkable resilience and growth. Total AuM stands at R$10B — R$5.2B managed through TORI and R$4.8B via Vita B2B partnerships.

R$10B

Total AuM

TORI R$5.2B + B2B R$4.8B

R$3.9M

Q4 2025 Revenue

~30% denominated in USD

R$20M

Holding ARR

As of Q1 2026

TORI MFO R$17M

Vita B2B R$3M

51%

Revenue CAGR

2019 – 2025

1,900+

Client relationships

Active billing accounts

Quarterly Revenue (R$k) — All Business Lines · 2019–2025

Combined Gestão + Consultoria + Vita MFO · Source: Faturamento

Grupo Vita — YoY Revenue Growth

Annual revenue (R$k) with YoY growth rate · CAGR 50.5% (2019–2025)

Revenue (R$k) YoY Growth %

Corporate Structure

Two distinct subsidiaries, one holding

Vita Holdings holds equity in two operating businesses: a 30% stake in TORI Multi Family Office and an 88% controlling stake in the Vita B2B Platform. Together they manage R$10B in client assets.

VITA HOLDINGS

Equity Purchase — Secondary Round · USD 2M – USD 3M

30% STAKE

88% STAKE

Multi-Family Office

TORI MFO

🔗 www.tori.com.br

R$22M

Annual Recurring Revenue (ARR)

R$5.2B AuM 1,900+ clients

Full-service multi-family office for Brazilian HNW families
Discretionary portfolio management & wealth planning
Investment advisory (Consultoria) and asset management (Gestão) arms
Cross-border USD mandates via Vita Advisors

Governance Rights

Voting control — Vita Holdings holds decisive voting rights over TORI's strategic decisions
CEO appointment — Vita Holdings retains the permanent right to indicate TORI's CEO
CIO appointment — TORI's CIO (onshore and offshore) is appointed by Vita
Economic return — 30% of dividends or Turim earn-out, whichever is greater

B2B Partnership Platform

Vita B2B Platform

🔗 www.vitainvestimentos.com

R$2.7M

Annual Recurring Revenue to Vita (ARR)

R$4.8B AuM 22 partner firms

Equity stakes (10–20%) in independent advisory firms across Brazil
Revenue share model — Vita earns a % of each partner's ARR
Partners in São Paulo, BH, Rio, Belém, Curitiba, Campo Grande and more
Platform provides compliance, technology and brand infrastructure
Vita Holdings owns 88% of the B2B holding entity

Combined Holding ARR

R$19.1M (TORI R$16.4M + B2B R$2.7M)

R$10B

Total AuM

B2B Partner firms

1,900+

End clients

Cap table — Vita Holdings % Pós Investidores · Total pós deal Turim

Controlling 83.36% Employees 1.18% Investors (Convertible Note 2034) 15.46%

Controlling group · 83.36%

Ricardo

47.36%

Arthur

15.75%

TSCS (Tharcisio + Claudia)

10.31%

Nathalie

7.49%

Quintela

2.45%

Employees · 1.18%

Henrique 0.72%

Anelize 0.25%

Felipe 0.21%

Eduardo < 0.01%

Julia < 0.01%

Investors (Convertible Note 2034) · 15.46%

Investor A 2.29%

Investor C 1.43%

Investor D 1.43%

Investor E 1.43%

Investor F 1.07%

Investor G 1.07%

Investor H 0.86%

Investor I 0.86%

Investor J 0.72%

Investor K 0.72%

Investor L 0.72%

Investor M 0.72%

Investor N 0.72%

Investor O 0.72%

Investor P 0.36%

Investor Q 0.36%

Equity distribution

Ricardo 47.36% Arthur 15.75% TSCS (Tharcisio + Claudia) 10.31% Nathalie 7.49% Quintela 2.45% Employees 1.18% Investors (Conv. Note 2034) 15.46%

Strategic Partnership

Vita & Turim — the defining deal

In early 2025, Brazil's largest independent family office chose Vita as its platform for the next generation of wealth management. This transaction validated Vita's model, created TORI, and set the stage for the current investor round.

Partnership Impact

Vita Holdings & Turim create the largest independent advisory ecosystem in Brazil — serving UHNW clients all the way to entrepreneurs building their own firms across the country.

R$100M+

Turim UHNW clients

R$25M–100M

TORI HNW clients

B2B

Entrepreneurs & new firms

How the partnership was structured

Vita MFO → TORI

Turim acquires a majority stake in Vita MFO, which is fully incorporated into TORI — Turim's new platform serving clients with up to R$100M in wealth. Vita brings its consolidation technology, US RIA, and 8 investment professionals.

Turim enters B2B

Turim becomes a minority investor in Vita B2B — the MFO accelerator platform. This provides the network with Turim's 24-year brand, investment expertise, and client referral capability across Brazil.

Gorila exits at 4×

Gorila (Vita's 2021 investor) exits the transaction at a 4× return on its original investment — a clean exit that validates the R$25M → R$82M → R$180M valuation progression and confirms strong secondary market appetite for Vita equity.

About Turim

Brazil's largest independent MFO

Founded 24 years ago. Serves clients with R$100M+ in wealth. Known for institutional-grade investment process, third-party-only product shelf, and strict independence from banks.

What TORI inherited from Vita

✓Portfolio consolidation technology
✓US Registered Investment Advisor (RIA)
✓~35% offshore client AuM base
✓Wealth planning & advisory process
✓Ricardo Guimarães as Co-CEO of TORI

TORI Today

AuMR$5.2B

Clients200+ families

Client segmentR$25M–R$100M wealth

ARRR$22M

Growth from referrals80%

Vita's retained rights in TORI

✓30% dividends or Turim earn-out (greater)
✓Voting control over TORI decisions
✓Right to appoint CEO & CIO (onshore & offshore)
✓Vita Holdings holds 30% equity in TORI

Tori is the best of Vita — all the technology side — and the best of Turim, when it comes to advisory and investments.

Ricardo Guimarães Filho

CEO of TORI · Co-founder of Vita · Bloomberg Línea, Sep 2025

Why it matters for investors

This partnership is the clearest signal of Vita's market position. Brazil's most prestigious independent MFO selected Vita as its technology and expansion partner — validating the platform's quality, independence, and scalability.

B2B Platform

22 partner firms, one platform

Vita B2B holds equity stakes of 10–20% in independent advisory firms across Brazil, earning a share of each partner's recurring revenue. The network currently manages R$5.06B in client assets.

R$5.06B

Total AuM

Across 22 partners

R$19.1M

Total ARR (Mar/26)

Annual recurring revenue

18.4%

Avg equity stake

Range 10% – 20%

3–6

New deals per year

Consistent pipeline cadence

40%

Partner AuM growth

Avg after joining Vita ecosystem

R$57.2M

Portfolio valuation

Vita's stake value

ARR by partner (R$k) — top 12 active firms

Sorted by annualised recurring revenue as of Mar/26

AuM by city (R$M)

Geographic distribution of partner assets

São Paulo 37.5% Belém 12.9% BH 12.9% RJ 9.8% Others 27%

All partner firms Sorted by ARR · 22 active partnerships

20% stake 13–15% stake 10–12.5% stake

Partner	City	Stake	AuM (R$M)	ARR (R$k)
Total			5,056	19,083

B2B Platform — What We Offer

Five pillars that help partners scale

Vita provides its B2B partners with a full-stack infrastructure so they can focus entirely on their clients. Each pillar addresses a real operational challenge that independent advisory firms face as they grow.

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Platform & Consolidation

Onshore & offshore portfolio consolidation across all custodians. Automated billing in BRL & USD. Fast onboarding. Custom client reporting.

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Allocation & Personalised Solutions

Asset management (funds & mandates). US RIA access for W-9 clients. Best-in-class local & global research. Risk-profiled model portfolios.

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Governance & Risk Management

Compliance & risk discipline. Proprietary Cambridge PhD suitability model (capacity, propensity, attitude, knowledge). Continuous improvement programs.

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Strategy & Growth

Commercial & business training. Talent acquisition support. Strategic plans, budgets & mentorship. Best-practice sharing across the network.

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Wealth Planning

Partner upskilling & workshops. Regulatory & legislative updates. Strategic consulting on complex HNW cases. Legacy & estate planning expertise.

What makes the platform unique

✓ Multi-custodian visibility — partners choose XP, BTG, or any broker

✓ Automated fee billing in both BRL and USD for cross-border clients

✓ Proprietary suitability model (Cambridge PhD) across four risk dimensions

✓ US RIA structure allowing direct coverage of American-resident (W-9) clients

✓ Network of 100+ advisors sharing research, best practices and deal flow

The result for B2B partners

40%

Average AuM growth after joining the Vita ecosystem

3–6

New partner firms added to the network each year

100+

Advisors across 12 cities benefiting from shared platform infrastructure

1,900+

End client families served across the entire Vita network

Rounds History

Three rounds, consistent value creation

Every funding round in Vita's history has been followed by meaningful valuation step-ups — anchored in real revenue growth, not speculation.

Grupo Vita — Annual Revenue (R$k) with Round Milestones

Source: Faturamento tab · Highlights mark key investment events

Round 1 · End of 2021

Gorila Round

R$25M valuation

First institutional round. Gorila invests as Vita closes 2021 with R$2.7M in annual revenue — a 76% YoY growth year. Sets the foundation for the B2B platform expansion.

Round 2 · End of 2023

Investor Round

R$82M valuation

Convertible Note round at R$82M valuation (3.3× step-up on Gorila). Vita closes 2023 with R$7.0M ARR and 22 B2B partners. Notes convert in 2034.

Exit · End of 2024

Turim Buyback

4× return on Gorila stake

Turim MFO buys back the Gorila stake from Vita at 4× the original investment. Validates the TORI transaction and confirms strong market appetite for Vita's equity.

Controlling Partners

Experienced founders, aligned incentives

The controlling group combines deep capital markets expertise, institutional pedigree, and entrepreneurial track record — all with meaningful skin in the game.

Ricardo Guimarães Filho

CEO · Founder · Vita Holdings

Morgan Stanley Goldman Sachs CFP®

Founded Vita in 2016 after 15 years at Morgan Stanley and Goldman Sachs. Introduced the independent wealth advisory model to Brazil — at the time adopted by only a fraction of the market. Architect of Vita's B2B expansion strategy and the Turim partnership.

Arthur Mello

Co-CIO · TORI & Vita

Pátria Investimentos Tera Capital POLI-USP · FGV-SP

Began career in 2004 at Pátria Investimentos, becoming a partner responsible for multi-strategy investments until 2014. Co-founded Tera Capital MFO in 2015 as CEO & CIO. Joined Vita in 2020 as Co-CIO, overseeing local investment strategy.

Tharcisio S. Santos

Co-CIO · TORI & Vita

Portfolio Management Fixed Income Quantitative

Co-CIO at Vita with focus on quantitative strategies, fixed income allocation, and risk management. Responsible for portfolio construction frameworks across the Vita B2B network. Equity stake held through TSCS vehicle alongside Claudia.

Nathalie Toquetti

Head of Client Relations & Business Development · Vita

CFP® Client Acquisition Wealth Planning

Leads client relations and business development at Vita. Responsible for onboarding and growing the firm's HNW client base in Brazil. CFP®-certified with deep expertise in investment planning, client advisory, and wealth planning solutions.

Claudia Salles

Partner · RIA Florida · TORI & Vita (TSCS)

Deutsche Bank MD ABN AMRO Lehman Brothers

Started at Dow Chemical (1994), then ABN AMRO Corporate Sales. Led Deutsche Bank Brazil's full commercial corporate team as Managing Director from 2012 to 2015. Joined Vita in 2020, heading the Florida RIA operation and client services.

Market Opportunity

A market in structural transformation

Brazil's wealth management industry is undergoing the fastest shift in its history — from bank-captive models toward independent advisory. Vita Holdings sits at the epicentre of this transition, operating across all three growth vectors.

Total Addressable Market

USD 1.9T

Brazil total fund AuM (2025, ANBIMA)

Growing 15.2% YoY. Brazil holds the world's 3rd largest expected intergenerational wealth transfer — nearly USD 9T over the next 25 years (UBS, 2025).

Serviceable Addressable Market

433K

Millionaires in Brazil (2025); 4,218 UHNW

Expected to reach 470K by 2028 (+8.5%). The HNWI and UHNWI base is growing at twice the pace of the overall economy, driven by entrepreneurial wealth creation and agribusiness.

Serviceable Obtainable Market

593+

Independent advisory firms registered at CVM (2024)

Up from 261 in 2020 — a 127% increase in 5 years. First time new consultorias exceeded new gestoras in 2024. Vita's B2B has already partnered with 22 of these firms.

Independent advisory firms (consultorias PJ) registered at CVM

2020–2024 actuals + 2025–2028 projection · Source: CVM / ANBIMA

Why independent advisory is growing

✓CVM Regulation 539 mandated full fee disclosure, eroding bank-captive models

✓HNW clients increasingly demand conflict-free, multi-custodian advice

✓Experienced bankers exiting large institutions to launch their own firms

✓Rising financial sophistication and offshore allocation among Brazilian HNWIs

Vita's position

B2B partners 22 of 593

Market penetration ~3.7%

Target by 2028 35+ firms

The generational wealth transfer tailwind

Brazil expects USD 9 trillion in intergenerational wealth transfers over the next 25 years — the 3rd largest in the world.

Source: UBS Global Wealth Report 2025. This transfer creates a once-in-a-generation client acquisition opportunity for trusted, independent wealth advisors already embedded with Brazilian families.

USD 9T

Brazil wealth transfer

In the world

25yr

Time horizon

The Opportunity

Why Vita Holdings, why now

Brazil's independent wealth management market is in the early stages of a structural transformation, as HNW clients increasingly move away from bank-captive models toward truly independent advice.

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Market Structural Shift

Brazilian HNW assets are migrating from traditional banks to independent advisors at accelerating pace, driven by regulation reform (CVM 539) and rising financial sophistication among clients. Vita is already a beneficiary of this trend.

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Recurring Fee Model

Management fees and retainers — not transaction commissions — drive Vita's revenues. This creates a highly predictable, growing income stream with low client churn, ideal characteristics for equity ownership.

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Cross-Border Advantage

The Vita MFO franchise uniquely bridges Brazilian wealth with US markets — a capability increasingly sought by Brazilian HNW families with international exposure, US real estate, or offshore structures.

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Strategic Partnership Value

For a US-based RIA, investing in Vita Holdings opens a natural channel for referrals, co-investment mandates, and shared infrastructure. The investor's $300M AUC base is highly complementary to Vita's client profile.

Vita by the numbers — 2025

R$10B

Total Assets under Management

R$5.2B

TORI — discretionary management

R$4.8B

Vita B2B partnership network

51%

Revenue CAGR (2019–2025)

1,900+

Active billing client relationships

Operating business units

Countries of regulated operation

Investment Terms

A clear, structured entry point

A straightforward secondary equity transaction, designed for a sophisticated investor who understands the wealth management sector and the Brazilian-US corridor.

Transaction Summary
          Transaction type
          Secondary equity purchase
        
          Seller
          Vita Controlling Group
        
          Valuation
          BRL 180,000,000
        
          Minimum investment
          USD 2,000,000
        
          Maximum investment
          USD 3,000,000
        
          Instrument
          Zero strike call option — exercisable in 2034 or any liquidity event
        
          Dilution to company
          None — pure secondary
        
          Economic rights
          Dividends as a regular shareholder
        
          Information rights
          Quarterly financial reporting

Indicative Process

Initial Discussion & NDA

Exchange of confidential information memorandum; execution of mutual NDA between parties.
Due Diligence

Full access to financial statements, client data (anonymized), regulatory filings, and management team.
Term Sheet

Non-binding term sheet setting valuation, stake percentage, governance, and information rights.
Legal Documentation

Shareholders' agreement, transfer of equity, and regulatory filings in both jurisdictions.
Closing

Wire transfer in USD; equity transfer registered; onboarding of new shareholder to governance.

Why This Is Right for a US-Based RIA

Diversification

Exposure to a high-growth Brazilian wealth management platform — an asset class with limited access for most US investors.

Strategic Synergies

Vita's MFO business and cross-border advisory naturally complements a Seattle-based RIA with HNW clients who have international exposures.

Attractive Entry

Secondary purchase at a negotiated valuation on an already-profitable, cash-generating business with six years of auditable track record.

Building Brazil's Leading Independent Wealth Management Holding

Built on trust, guided by independence

Full Independence

Global Reach

Dual Regulation

Recurring Revenue Model

Our Mandate

Consistent growth across all metrics

Quarterly Revenue (R$k) — All Business Lines · 2019–2025

Grupo Vita — YoY Revenue Growth

Two distinct subsidiaries, one holding

TORI MFO

Vita B2B Platform

Vita & Turim — the defining deal

22 partner firms, one platform

ARR by partner (R$k) — top 12 active firms

AuM by city (R$M)

Five pillars that help partners scale

Three rounds, consistent value creation

Grupo Vita — Annual Revenue (R$k) with Round Milestones

Experienced founders, aligned incentives

A market in structural transformation

Independent advisory firms (consultorias PJ) registered at CVM

Why Vita Holdings, why now

Market Structural Shift

Recurring Fee Model

Cross-Border Advantage

Strategic Partnership Value

Vita by the numbers — 2025

A clear, structured entry point

Transaction Summary

Indicative Process

Initial Discussion & NDA

Due Diligence

Term Sheet

Legal Documentation

Closing

Why This Is Right for a US-Based RIA

Building Brazil's Leading
Independent Wealth
Management Holding