Multi-Family Office

Updated:

Afitrading

Cristian Muñoz Ungerer launched Afitrading in 1997 as a multi-family office in Santiago, Chile.

Afitrading

Cristian Muñoz Ungerer launched Afitrading in 1997 as a multi-family office in Santiago, Chile. The firm positions itself as an alternative to traditional private banking, serving over 400 clients with integrated wealth management, tax guidance, and investment advisory. Afitrading builds portfolios across fixed income, equities, real estate, and alternative investments. The firm's known exposure includes Inmobiliaria e Inversiones AF SpA, a mixed-use real estate vehicle in Chile, and participation in funds managed by Fischer & Zabala Administradora de Fondos de Inversión S.A. (Altss estimate). Geographic focus is primarily Chile. The firm operates from a single Santiago office with a team of eight professionals. All team members hold CAMV certification, the Chilean capital market advisor credential. No public data on total assets under management exists — the firm does not disclose AUM. Afitrading's model resembles a regulated independent advisor more than a proprietary family office: it does not manage a single-family fortune but aggregates multiple unrelated clients. That structure makes it subject to Chilean financial oversight and limits its ability to deploy capital without client consent.

General information

Firm type

Multi Family Office

Year founded

1997

AUM

Undisclosed

Location

Region

Latin America

Country

Chile

City

Santiago

Corporate office

Santiago, Chile

Principals

Cristian Muñoz Ungerer

Founding Partner and General Manager

Felipe Duran Mena

Director of Operations

Sergio Rivero Campos

Director of Investments

Henry Neira Silva

Commercial Director

Eduardo Jerez Sanhueza

Executive and Pension Expert

Matias Ruiz Cordova

Executive and Analyst

Fernando González Lobos

Banker

Sector focus

Private CreditReal EstateInfrastructure

Frequently asked questions

Who runs investment decisions at Afitrading?

Cristian Muñoz Ungerer is the founding partner and general manager. Sergio Rivero Campos serves as director of investments. The team includes eight professionals, all with CAMV certification.

How does Afitrading source proprietary deals?

Afitrading does not disclose proprietary deal sourcing. Its known investments include real estate vehicles like Inmobiliaria e Inversiones AF SpA and funds managed by Fischer & Zabala Administradora de Fondos de Inversión S.A. (Altss estimate).

Is Afitrading structured as a single family office or a multi-family office?

Afitrading operates as a multi-family office. It serves over 400 unrelated clients, offering wealth management, tax advisory, and portfolio construction.

Does Afitrading participate in fund commitments or only direct deals?

The firm allocates to both direct real estate vehicles and external funds, such as those run by Fischer & Zabala Administradora de Fondos de Inversión S.A. The emphasis is on client-specific mandates.

What investment stages does Afitrading typically target?

Afitrading focuses on wealth preservation and moderate growth across asset classes, including fixed income, equities, real estate, and alternatives. It does not target a specific venture or PE stage.

Where does the underlying wealth come from?

The firm does not disclose the wealth origin of its clients. Each client's capital comes from personal or family sources accumulated over generations.

Does Afitrading maintain philanthropic structures?

No philanthropic vehicles are disclosed in public materials. The firm's services are limited to financial planning and investment management.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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