Azimut Holding

What Azimut Holding does

Azimut Holding S.p.A. is an Italian independent financial group founded in 1990 through a management buyout that deliberately separated it from banking, insurance, and industrial group affiliations. Listed on the Milan Stock Exchange (ticker AZM) since 7 July 2004 and a constituent of the FTSE MIB, the company operates across four integrated verticals — asset management, wealth management, corporate investment banking, and fintech — serving retail, SME, ultra-high-net-worth, and institutional clients in approximately 20 countries across Europe, Latin America, the United States, the Middle East, and Asia. Distribution is driven by a global network of more than 100 financial advisors and wealth managers reaching over 1.8 million clients.

The platform spans public markets (fixed income, equities, multi-asset allocation, alternatives, Islamic finance), private markets (private debt, private equity, venture capital, infrastructure and real assets, liquid alternatives and crypto), discretionary portfolio management, unit-linked and private insurance, life and pension solutions, and investment banking advisory. The technology stack centers on the Azimut Marketplace digital platform for SMEs (live in Italy, Spain, and Brazil) offering instant financing, international payments, invoice advances, and AI-powered business advisory. Distinctive digital-asset capabilities include the AZIM security token issued with Sygnum Bank representing a portfolio of SME loans, the first tokenization of a closed-end fund on Allfunds, and the U.S. Azimut NSI platform hosting actively managed NYSE-listed ETFs (NSIV and NSIG) following the acquisition of North Square.

Revenue is predominantly recurring, generated through asset management fees on €144 billion in AUM as of Q1 2026, advisory fees from the wealth management network, and professional services from corporate investment banking. Q1 2026 total revenues reached €371 million, up 50% year-over-year, with recurring net profit of €128 million (+15%). Ownership is structurally diversified: approximately 66% free float held by individual and institutional shareholders, with about 21% held by roughly 2,000 financial advisors, managers, and staff under a shareholders' agreement that aligns the distribution network with corporate strategy. FY 2026 guidance targets €550 million in net profit, supported by record €32 billion in FY 2025 net inflows and ongoing geographic expansion into the United States, Brazil, and Australia.

Name

Azimut Holding

Legal name

Azimut Holding S.p.A.

Website

https://azimut-group.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Azimut Holding is an Italian-listed independent financial group operating across asset management, wealth management, investment banking, and fintech, serving over 1.8 million retail, SME, and institutional clients in 20 countries through a global network of financial advisors and €144 billion in assets under management.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Finance and Insurance (52)

SIC

Investment Advice (6282), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

akta.pro secondary industries

Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG), Investment Management Advisory (RIA) (FSAEAAAB), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

Keywords

• Asset management
• Wealth management
• Investment banking
• Insurance products
• Private markets

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Fees: Recurring management fees from assets under management. Q1 2026 showed 32% expansion in AUM to 144 billion EUR with record net inflows of 4.6 billion EUR driving revenue growth.
2. Advisory Services Fees: Fees from wealth management and advisory services provided through the global network of financial advisors and wealth managers to retail and institutional clients.
3. Corporate Investment Banking: Investment banking services for businesses across their life cycle including financing, advisory, and capital markets access.
4. Insurance Products: Revenue from unit-linked insurance plans and private insurance products with multi-asset strategies including private market instruments.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Azimut Holding is an independent global financial group offering asset management, wealth management, investment banking and corporate advisory, insurance, and fintech services to retail, affluent, institutional, and corporate clients. Its product set spans public and private markets investment funds, discretionary portfolio management, life & pension products, tokenized digital assets, and a digital Marketplace platform serving SMEs with financing and capital solutions.

Product overview

Azimut Group operates as an independent global player in Asset Management, Wealth Management, Investment Banking, and Fintech. The company offers a unified platform combining public markets (Fixed Income, Equities, Allocation, Alternatives, Islamic Finance), private markets (Private Debt, Private Equity, Venture Capital, Infrastructure, Liquid Alternatives), discretionary portfolio management, and tokenized/digital asset services. Supporting services include insurance products (Private Insurance, Unit Linked), pension solutions, and the Azimut Marketplace fintech platform for SMEs offering AI-powered business advisory, instant financing, and international payments. The Group serves retail and institutional clients through a global network of financial advisors and distribution hubs across Europe, Latin America, the US, Middle East, and Asia.

Differentiator

Problem solved

Functional benefit

Brands

• MyAzimut: Customer reserved area platform for Azimut clients in Italy
• Azimut Marketplace
• AZIM

Products and services

• Public Markets Asset Management Managed investment products and funds across global public equity and fixed income markets, offered to retail, HNW, and institutional clients through Azimut's advisor network.
• Private Markets Asset Management Private market investment funds and mandates providing exposure to private equity, private debt, and alternative assets for qualifying retail, HNW, and institutional clients.
• Discretionary Portfolio Management Tailored discretionary portfolio management services for individual and institutional clients, with portfolios constructed and rebalanced by Azimut's investment professionals.
• Wealth Management Advisory Financial advisory services delivered through Azimut's network of financial advisors, supporting clients on investment planning, asset allocation, and wealth structuring.
• Investment Banking and Corporate Advisory Capital raising, M&A, and corporate advisory services for corporate and SME clients across European and international markets.
• Insurance and Life & Pension Products Life insurance, protection, and pension products distributed to retail and HNW clients through the group's advisor channels.
• North Square ETFs (NSIV, NSIG) Exchange-traded funds branded North Square (NSIV and NSIG), listed on the NYSE and distributed to US institutional and retail investors.
• Token & Digital Assets (AZIM Security Token, tokenized funds) Proprietary digital/tokenized investment products, including the AZIM security token and tokenized closed-end fund offerings, enabling digital access to Azimut investment strategies.
• Azimut Marketplace Proprietary digital platform providing SMEs with access to financing, capital, and fintech services through Azimut's investment banking and capital markets capabilities.
• Azimut NSI Investment Platform Proprietary investment platform supporting advisor-led product distribution and client portfolio management across Azimut's wealth and asset management offerings.

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• CS McKeecoreTechnology or Integration · 1 January 2026Long-tenured teams from CS McKee manage the North Square Disciplined Value ETF (NSIV) and North Square Growth Opportunities ETF (NSIG), with NSIV's underlying strategy managing approximately $2 billion in assets.
• CDP (Carbon Disclosure Project)minorStrategic or Co-development Partner · 1 January 2019Azimut became a signatory of CDP in 2019 with investor signatory status. Since 2020, the company participates in completing the climate change questionnaire to monitor and mitigate environmental impact and analyze climate-related risks and opportunities.
• Sygnum BankcoreTechnology or IntegrationPartnership with Sygnum Bank, the world's first digital asset bank, to launch AZIM - the first security token. AZIM digitally represents a portfolio of loans to Italian SMEs.
• AllfundscoreTechnology or IntegrationLaunched the first tokenization of a closed-end fund on the Allfunds platform, enabling trading of fund units as digital tokens before the fund's expiry.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Azimut One (Italy-focused retail wealth peer set, captured here by Banca Generali): Italian-listed wealth manager with an extensive financial advisor network serving mass-affluent and affluent clients. Directly comparable independent wealth model focused on Italian retail savings, in the same FTSE MIB/Mid Cap segment as Azimut.
• Banca Mediolanum: Italian independent retail wealth manager with a large advisor network. Closely overlaps with Azimut's Italian retail wealth management franchise and competes for the same household savings.
• FinecoBank: Italian-listed online bank and wealth manager with strong advisor/broker channel. Competes directly with Azimut's MyAzimut digital offering and in the Italian mass-affluent and affluent segments.
• Julius Baer: Swiss-listed pure-play wealth manager focused on HNW clients globally. Most comparable independent wealth manager to Azimut in terms of model (advisor-led distribution, no retail banking parent) and product breadth.

Broad incumbents

• Franklin Templeton: Global asset manager with strong ETF, private market and alternative product suites. Directly comparable in product mix (public markets, alternatives, model portfolios) and global distribution, including tokenization initiatives.
• Amundi: Europe's largest asset manager by AUM, offering a similar mix of public and private market funds. Comparable in product breadth but operates at much larger scale and is bank-affiliated (Crédit Agricole).
• Mediobanca: Italian listed bank with a large wealth management division (Mediolanum, CheBanca!) and active asset management. Direct competitor in Italian HNW and institutional advisory, and shares the same Milan-listed analyst coverage universe as Azimut.
• UBS Group: Global wealth and asset management leader post-Credit Suisse. Overlaps with Azimut in cross-border wealth management, multi-asset funds, and institutional asset management, but at vastly greater scale and with banking integration.
• BlackRock: World's largest asset manager and dominant ETF issuer. Competes with Azimut NSI in active ETFs (NSIV/NSIG) and in institutional multi-asset mandates, though Azimut's retail distribution and private market focus differ.

Others

• Allfunds: Pan-European fund distribution platform and B2B wealth tech provider. Partner and infrastructure provider for Azimut (tokenized closed-end funds), and a key B2B enabler across Azimut's European distribution network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/azimutgroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments33 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azimut Holding