Berna S.A.

Overview

Berna Gestión de Activos says it belongs to Grupo Berna and advises on and manages wealth.¹ It serves high net worth clients looking for objective, integrated and professional advice.¹ The firm also works with individuals and companies managing financial assets.¹ Its stated office is in Las Condes, Santiago de Chile.²

The website names B&A Gestión de Activos SpA as the operating entity.¹ The regulatory page names Berna SpA, B&A Gestión de Activos SpA and B&A Corredores de Seguros SpA.² The directory record uses the name Berna S.A., but the connection among these legal names has not been independently verified.²

History

The firm says it has advised clients since 2010.¹ A directory record gives 1998 as the founding year, a date the firm website does not confirm.¹

B&A Gestión de Activos and its partners appear in Chile’s Comisión para el Mercado Financiero Registro de Prestadores de Servicios Financieros as investment advisers under registration No. 739.² The firm says this registration involves policies, procedures and controls for accurate recommendations, giving priority to client interests and verifying adviser technical suitability.²

Timeline

1. 1998A directory record gives 1998 as the founding year, a date the firm website does not confirm.
2. 2010The firm says it has advised clients since 2010.

Leadership

Erwin Boronig Espinosa is identified as founding partner and CMF investment adviser.¹ He is also described as a founding partner of Grupo Berna.¹ His biography credits him with leading mergers and acquisitions totaling USD 70 million and financing transactions totaling USD 180 million.¹ He has CAMV accreditation and qualifications as a general and life insurance broker.¹ He has served as a company director and taught at the Pontificia Universidad Católica de Chile Faculty of Civil Engineering.¹ He is an agronomist from that university, where his biography also lists him as a master’s candidate with a negotiation diploma.¹ He co authored *Financiamiento Inteligente*.¹

Gonzalo Miranda Arratia is listed as partner and CMF investment adviser.¹ His biography records over 25 years working in investments in Chile and other countries.¹ He is a partner of Grupo Berna and Austral Capital and helped establish Austral Capital.¹ He holds a diploma in alternative assets from Universidad de Los Andes and CAMV accreditation.¹ He previously served as executive director of Endeavor Chile and belongs to the Society of Kauffman Fellows in the United States.¹ Miranda is an industrial civil engineer with a master’s degree from Pontificia Universidad Católica de Chile, as well as an MBA and Master in Management of Technology from the University of California, Berkeley.¹ He co authored *Financiamiento Inteligente*.¹

Services

The firm describes a process involving diagnosis, investment policy design, implementation, monthly reporting and handling contributions and redemptions.¹ It builds investment strategies around objectives, risk profile, time horizon, liquidity requirements and personal restrictions.¹ Its services also include tax analysis directed at post tax results.¹ Portfolios are monitored and rebalanced when markets change or when they depart from the investment policy.¹

Berna prepares a monthly consolidated statement for personal and company financial assets.¹ Clients may also use accounting outsourcing and expanded tax advice for individuals and companies.¹

Assets remain with the financial institutions selected by clients, and the firm says it neither holds custody nor transfers funds.¹ Its compensation comes from commissions shared by recommended institutions, while clients pay the same amount they would pay when working directly with those institutions.¹

What the firm offers

• Tax planning

Client focus

The firm describes clients with scattered investments, little time to oversee savings, new liquidity from inheritances or asset and company sales, overseas investments without local consolidation, and companies holding recurring cash surpluses.¹

Investment philosophy and approach

The firm says it follows an open architecture approach and does not offer proprietary investment products.¹ Recommendations may include Chilean and international instruments selected for each client’s profile and objectives.¹ The investment categories it names are fixed income, equities, alternative assets, and funds from Chile and abroad.¹

The website presents investment perspectives by Erwin Boronig and Gonzalo Miranda covering measurement of financial wealth, alternative assets, portfolio review during volatile markets and after tax returns.¹

FAQs

Related resources

• LocationMultifamily offices in Chile

  This overview of multifamily offices in Chile gives families and business owners local context for assessing wealth advice options. It can help readers compare how firms serving Chilean high net worth clients may address tax planning alongside broader financial and family needs.

• GuideMultifamily office services

  This guide outlines common multifamily office services, helping readers identify where tax planning fits within wider wealth management. A Chilean family or company owner can use it to prepare questions about advice for personal assets, business interests, succession and ongoing financial decisions.

• GuideLife events that trigger a change

  Major life events can change a family's tax position, ownership structure or need for advice. This resource helps Chilean families and business owners consider when events such as inheritance, a business sale, marriage or retirement may call for reviewing their wealth and tax planning arrangements.

• GuideOutsourced CIO vs multifamily office

  This comparison explains how an outsourced chief investment officer differs from a multifamily office. Business owners and wealthy families can use it to decide whether they need mainly investment oversight or broader advice that may include tax planning, governance and coordination across personal and company assets.

• Similar firmsAd Capital
  Alcalá Inversiones
  Aston Asesorías Patrimoniales

  Profiles of Ad Capital, Alcalá Inversiones and Aston Asesorías Patrimoniales provide points of comparison with other firms listed on MultifamilyOffices.com. Readers can review differences in stated services, client focus and location while considering which questions to ask a Chilean wealth advice and tax planning firm.

Sources

1. accessed 2026-10-23
2. accessed 2026-10-23

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.