Accounts & headline costs
Sections ↑LarrainVial is a major Chilean investment-services group whose brokerage, fund-management and wealth services should not be collapsed into one account. The brokerage entity has a long legal history and substantial market share, while the app and advisory pages also promote funds, APV, managed portfolios and foreign currency. The key profile task is to match each product to the correct legal route.[1]
Account and service routes at a glance
| Account / service | Customer and legal scope | Principal condition |
|---|---|---|
| Chilean brokerage account | Local shares, ETFs and supported securities | Commission and service terms come from the current client agreement.Source 1Source 3 |
| Fund and savings account | Mutual funds, investment funds and programmed savings | Management expenses and redemption terms replace ordinary brokerage pricing.Source 1Source 2 |
| Cuenta Activa | Managed multi-fund portfolio by risk profile | A management mandate and product expenses apply.Source 2 |
| APV / pension savings | Voluntary pension-savings route | Tax and transfer rules differ from ordinary brokerage cash.Source 1 |
Headline charges and what they cover
| Item | Published basis | Important scope |
|---|---|---|
| Chilean share brokerage | Current account-specific commission schedule | A complete public self-directed tariff was not verified; obtain the signed quotation.Source 1Source 3 |
| Funds | Management and product expenses under each fund’s documents | App use itself can be free while investments carry costs.Source 2 |
| Cuenta Activa | Managed-service and underlying-product charges | Risk profile and mandate determine composition and cost.Source 2 |
| Foreign currency | Quoted exchange rate and any service spread/commission | Available currencies, hours and transaction terms must be confirmed in the current service.Source 1 |
| International securities | Custody, FX and market-specific execution charges | Foreign-custody documents control.Source 6 |
Products & investment scope
Sections ↑The product catalogue is not interchangeable across every account. The table separates exchange-traded holdings, pooled or managed products and specialist routes rather than treating one app or brand as a universal contract.[1]
Products and ownership boundaries
| Product route | Published scope | Boundary |
|---|---|---|
| Chilean equities and ETFs | Local exchange securities through the brokerage route | Market, liquidity and client eligibility apply.Source 1Source 3 |
| Funds and managed portfolios | Mutual funds, investment funds and Cuenta Activa | Fund documents and advisory/management mandate apply.Source 1Source 2 |
| APV and long-term savings | Voluntary pension and programmed savings | Tax and withdrawal rules differ from ordinary investment accounts.Source 1 |
| Foreign currency and international assets | Supported FX and global investment routes | Custody, settlement and tax treatment differ.Source 1Source 6 |
Fees & holding costs
Sections ↑Direct trading commission is only one layer of cost. Depending on the account, the economic result can also include spread, foreign exchange, market levies, financing, data, custody, fund expenses and taxes. No observed fill or client statement was used to infer average realised cost.[1]
Cost layers beyond the headline
| Cost layer | When it applies | Why it matters |
|---|---|---|
| Currency conversion | Instrument and account currencies differ | Conversion spread/fee can outweigh a low commission.Source 1 |
| Financing or margin | Borrowed cash or leveraged position is carried | Variable interest and collateral liquidation can apply.Source 1 |
| Exchange, clearing and tax | Third-party charges are passed through | A low brokerage line does not remove statutory charges.Source 1 |
| Product expense | Fund or managed product has embedded expenses | The cost is not displayed as an equity commission.Source 1 |
| Account event | Transfer, closure, special handling or paper document | Infrequent charges can matter when exiting.Source 1 |
Platforms, orders & execution
Sections ↑Platform and order controls
| Route / control | Published capability | Operational limit |
|---|---|---|
| LarrainVial App | Portfolio viewing, fund investment and withdrawals under supported products | Availability and timing depend on each instrument.Source 2 |
| LarrainVial Web | Account, portfolio and investment-service access | Functionality depends on client and product route.Source 1 |
| Advisor/broker route | Relationship-led investment and execution service | Advice and execution-only services use different mandates.Source 1 |
An order instruction is not an execution guarantee. Market hours, price limits, liquidity, partial fills, corporate actions and system availability can change the result. A cancellation is effective only after the broker or venue acknowledges it; closing an app does not cancel an accepted order.[1]
Funding, withdrawals & transfers
Sections ↑Cash funding and withdrawal lifecycle
| Stage | Published route | Constraint |
|---|---|---|
| Bank transfer | Funding through verified same-name account instructions | Correct account reference and currency are required.Source 1 |
| Fund redemption | Availability according to each fund/instrument condition | The app page says withdrawals are available, but timing follows the product.Source 2 |
| Brokerage withdrawal | From settled available cash to the verified banking route | Open orders, settlement and pledged positions reduce availability.Source 1 |
Moving an existing portfolio
| Transfer type | Published treatment | Material consequence |
|---|---|---|
| Chilean securities transfer | Broker/DCV process for supported local holdings | Registration details and asset status must match.Source 5Source 3 |
| International securities transfer | DCV-linked or foreign-custodian process where supported | Fees and market eligibility apply.Source 6 |
| APV transfer | Digital transfer process for eligible pension savings | Tax wrapper and origin/destination requirements apply.Source 1 |
Buying power, settled cash and withdrawable cash are different quantities. A deposit can support an order while still being subject to clearance, and sale proceeds remain tied to market settlement. Margin, open orders and transfer holds can reduce cash that appears available.[1]
Custody, regulation & client protection
Sections ↑Protection chain
| Layer | Published position | What it does not mean |
|---|---|---|
| Broker entity | Larrain Vial S.A. Corredora de Bolsa | The CMF record and account agreement define brokerage obligations.Source 3 |
| Supervision | Comisión para el Mercado Financiero | CMF registration is not a return guarantee.Source 3Source 8 |
| Custody | DCV separate-account and delivery-versus-payment infrastructure where applicable | Custody infrastructure does not insure market value.Source 5 |
| Group entities | Brokerage, asset management and other LarrainVial companies are distinct | A group brand should not be used to infer one protection or fee schedule.Source 1Source 3 |
The useful protection question is not whether the brand is regulated in the abstract. Identify which company owes the obligation, who records or holds each asset or cash balance, and what event activates any statutory or contractual remedy. Custody, bank deposits, dispute resolution and compensation are different mechanisms.[1]
Support, complaints & security
Sections ↑Support and escalation
| Route | Use | Boundary |
|---|---|---|
| Advisor/service team | Relationship and app/web support | Scope depends on the selected service and mandate.Source 1Source 2 |
| Brokerage issue | Raise with the contracting brokerage entity and preserve transaction evidence | The broker should receive the service complaint first.Source 3 |
| CMF contact | Official market-regulator information and complaint route | The CMF is not a live dealing desk.Source 8 |
| DCV issue | Depository/custody support for relevant records | DCV does not decide every broker-service dispute.Source 7 |
A service channel is not automatically an emergency dealing desk. During an outage or disputed trade, use the published channel, preserve timestamps and order details, and confirm whether an instruction was accepted. This profile does not claim a test call, funded account or executed order.[1]
Official support destinations
Scope Current service, app, advisory and legal-information routes.
Scope Verify the brokerage entity and regulatory record.
Special services & tools
Sections ↑Distinctive services
| Service | Function | Condition |
|---|---|---|
| Cuenta Activa | Managed portfolios by risk profile | The portfolio is a managed product, not a self-directed stock account.Source 2 |
| Foreign currency | Foreign-currency service within the broader investment relationship | Rate, available currency and transaction timing are specific to the instruction.Source 1 |
| Market scale | LarrainVial reports CLP18tn 2025 secondary equity volume and 19.4% share | Company-reported market activity is not client return.Source 4 |
Automation, managed portfolios, securities lending and recurring investment each grant different authority. Stopping a future instruction does not automatically sell existing holdings, while closing a managed or lending service can require settlement before all assets or cash are available.[1]
Company, entity & operating context
Sections ↑LarrainVial at a glance
| Measure | Value | Context |
|---|---|---|
| Contracting brokerage entity | Larrain Vial S.A. Corredora de Bolsa | Source 3 |
| Primary jurisdiction | Chile | Source 3 |
| Headquarters | Santiago, Chile | Source 3 |
| Legal origin | 1954 for the brokerage record; group lineage extends to 1934 | Source 3 |
| Broker classification | Country-leading multi-asset brokerage and investment-services group | Source 1Source 4 |
Company and service boundaries
| Issue | Published position |
|---|---|
| Entity boundary | Brokerage and asset-management entities use separate legal mandates and disclosures.Source 3Source 1 |
| Pricing boundary | Public pages do not establish one comprehensive self-directed tariff.Source 1 |
| Protection boundary | CMF supervision and DCV custody do not guarantee value, liquidity or performance.Source 3Source 5 |
- Headquarters
- Santiago, Chile
- Founded
- 1934 group lineage; brokerage legal origin 1954
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Larrain Vial S.A. Corredora de Bolsa
ChileSource 1
No separate licence entry is recorded in this panel.
Additional information
Sections ↑Practical account checks before an order
| Question | Why it changes the result |
|---|---|
| Which legal account and custody route is selected? | It determines ownership, protection, transfer mechanics and eligible products.Source 1 |
| What is the complete order cost? | Commission can exclude FX, levies, spread, financing and product expenses.Source 1 |
| When does deposited or sold cash become withdrawable? | Trading availability and withdrawal clearance can differ.Source 1 |
| Can the asset transfer in kind? | Fractions, unsupported funds and special products may require liquidation.Source 1 |
| What happens if the platform is unavailable? | Published support does not guarantee an accepted order or execution price.Source 1 |
Sources & further reading
- Investment and savings services LarrainVial · Accessed 16 Oct 2026
- LarrainVial App LarrainVial · Accessed 16 Oct 2026
- CMF record for Larrain Vial S.A. Corredora de Bolsa Comisión para el Mercado Financiero Chile · Accessed 16 Oct 2026
- 2025 trading-volume leadership LarrainVial · Accessed 16 Oct 2026
- Securities custody Depósito Central de Valores Chile · Accessed 16 Oct 2026
- International securities custody Depósito Central de Valores Chile · Accessed 16 Oct 2026
- DCV services Depósito Central de Valores Chile · Accessed 16 Oct 2026
- CMF investor information and contact Comisión para el Mercado Financiero Chile · Accessed 16 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.