XP to merge BRA Investimentos and BS Investimentos.

XP, a technology-driven financial services platform, to merge BRA Investimentos, an investment firm, and BS Investimentos, an investment group. XP will have a minority stake in the business. Financial terms were not disclosed. “Our objective has always been to provide the best possible experience for our clients and we are fully convinced that this union, as well as the creation of the brokerage, will directly benefit them," Rodrigo Imperatriz, BS Investimentos Partner.