Turgot Capital

What Turgot Capital does

Turgot Capital is a Paris-based financial services group operating three integrated business units: Turgot Life (insurance brokerage distributing the Majesty Digital range of life insurance, capitalization, and PER pension contracts), Turgot Wealth Planning (financial investment advisory registered as a CIF), and Turgot Asset Management (a range of five OPCVM funds spanning multi-asset, flexible bonds, short-term bonds, and French small/mid-cap equities). The group is wholly owned by the MAGELLIM Group following a 2022 acquisition, with the asset management arm structurally integrated into MAGELLIM REIM (formerly Foncière Magellan) in 2024 while retaining the Turgot commercial brand.

The underlying technology consists of a proprietary digital platform — the Majesty Digital suite — that enables 100% online subscription execution, digital signature, KYC, risk profiling, simulation, and reporting for partner financial advisors. The firm also operates proprietary risk-analysis tooling that decomposes fund allocations by risk factors (equity, bonds, geography, currency, capitalization, high yield) and a multi-manager monitoring system used to vet underlying fund managers. Distribution is anchored by a French network of independent wealth advisors (CGPs) supplemented by direct digital access for individual clients.

The business model combines recurring management fees on funds (0.60%-2.00% TTC depending on vehicle), performance fees (15%-30% above benchmark), insurance brokerage commissions on Majesty Digital contracts, and CIF advisory fees. End clients are primarily French HNWI and individual investors served via the CGP channel, with professional investors addressed through the CIF advisory entity. Geographic scope is strictly domestic — products are authorized for French residents only — and AUM, revenue, and headcount (1-10 employees) indicate a boutique-scale operation.

Name

Turgot Capital

Legal name

Turgot Asset Management SAS

Website

https://turgot-capital.fr

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Turgot Capital is a Paris-based boutique financial services group offering investment funds, insurance brokerage, and financial advisory services to French individual and high-net-worth investors through a network of independent wealth advisors (CGPs), operating under MAGELLIM Group ownership.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Management fees on investment funds: Turgot Capital generates revenue through management fees charged on its range of investment funds (OPCVMs). Fees range from 0.60% to 2.00% TTC maximum depending on the fund. These are ongoing fees calculated on assets under management.
2. Performance fees: Funds charge performance fees ranging from 15% to 30% of returns exceeding benchmark indices. These are variable fees tied to fund performance above specified thresholds.
3. Insurance brokerage: Turgot Life operates as a broker in insurance operations and insurance services, generating revenue through insurance product distribution including life insurance, capitalisation contracts, and retirement savings plans.
4. Financial investment advisory: Turgot Wealth operates as a financial investment advisor (CIF), providing investment advice services through partner advisors.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Turgot Capital is a French integrated financial services group providing asset management through OPCVM investment funds (equity, bond, multi-asset), insurance brokerage for life insurance, capitalization contracts, and retirement savings plans (PER), and financial investment advisory (CIF) connecting clients with independent wealth advisors. Products are distributed through a network of CGPs and via the fully digitized Majesty Digital platform enabling online subscription and operations.

Product overview

Turgot Capital is a French financial services group operating through three main business units: Turgot Life (insurance brokerage offering Majesty Digital branded life insurance, capitalization, and pension products), Turgot Wealth (wealth planning advisory connecting clients with financial advisor partners), and Turgot Asset Management (now integrated into MAGELLIM REIM, offering a range of UCITS fund products including equity, bond, and multi-asset allocation funds). The product portfolio centers on the Majesty Digital platform for insurance and savings products, supplemented by seven distinct investment funds (Hastings Patrimoine, Hastings Investissement, Turgot Oblig Plus, Turgot Oblig Court Terme, Turgot Smidcaps France) covering various asset classes and risk profiles. All operations have been digitized for online subscription, portfolio management, and client reporting.

Differentiator

Problem solved

Functional benefit

Brands

• Turgot Asset Management (Turgot AM): Asset management division offering a range of OPCVM funds including equity funds (Turgot Smidcaps France), bond funds (Turgot Oblig Plus, Turgot Oblig Court Terme), and multi-asset allocation funds (Hastings Patrimoine, Hastings Investissement).
• Turgot Life
• Turgot Wealth Planning

Products and services

• Majesty Digital Vie Life insurance contract (contrat d'assurance vie) with guaranteed death benefit, offering flexible management options including free and automatic rebalancing, partial and total redemptions, advances, and customizable beneficiary designations. Distributed through Turgot Life's partner advisor network and digital platform to French individual investors.
• Majesty Digital Capi Capitalization contract (contrat de capitalisation) offering wealth management access starting from €1,000, providing access to euro-denominated funds, SCPI investments, OPC funds across all asset classes, and new generation euro funds and structured funds.
• Majesty Digital Retraite (PER) Individual pension savings plan (plan d'épargne retraite / PER) accessible from €1,000 with one free rebalancing per year, offering access to the UC Viagénérations fund, multiple asset classes, discretionary management mandates, and three tax compartments.
• Hastings Patrimoine Balanced multi-asset fund of funds (FCP OPCVM) classified as a balanced portfolio holding 40–100% bonds and 0–60% equities, with a management objective of 5% annualized return, management fee 1.50% TTC maximum, 20% performance fee above index, zero subscription/redemption commissions, and 5-year minimum recommended holding.
• Hastings Investissement Dynamic multi-asset fund of funds (FCP OPCVM) with aggressive positioning holding 60–100% equities, managed with discretionary macro approach and rigorous underlying fund selection, management fee 2% TTC maximum, 15% performance fee above index, 5-year minimum recommended holding.
• Turgot Oblig Plus Flexible bond fund (FCP OPCVM) with discretionary non-benchmarked management targeting ESTER +2% annualized return over three years, investing in Investment Grade bonds and up to 50% in High Yield or unrated securities, management fee 1.20% TTC maximum, 30% performance fee above index, 3-year minimum recommended holding.
• Turgot Oblig Court Terme Short-term bond fund (FCP OPCVM) with discretionary management targeting ESTER +0.75% annualized return over a three-year horizon, management fee 0.60% TTC maximum, 20% performance fee above index, 3-year minimum recommended holding.
• Turgot Smidcaps France French small and mid-cap equity fund (FCP OPCVM) PEA-eligible, targeting 7% long-term return, invested minimum 75% in European equities with focus on French small/mid-cap stocks under €10 billion capitalization, management fee 1.75% TTC maximum, 20% performance fee above index, 5-year minimum recommended holding.

Quantifiable outcome

• Fund performance targets of 5% annualized (Hastings Patrimoine), 7% long-term (Turgot Smidcaps France)
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Groupe MAGELLIMcoreStrategic or Co-development Partner · 1 January 2022Turgot AM joined the MAGELLIM group in 2022 and integrated into MAGELLIM REIM (formerly Foncière Magellan), which is the historical real estate pole of the group. This integration provides Turgot with access to MAGELLIM's four major complementary expertise areas: real estate, private assets, infrastructure, and securities. The integration has no impact on existing partnerships or ongoing conventions.
• CACEIS BankcoreTechnology or IntegrationCACEIS Bank serves as the depositary (custodian) for Turgot's investment funds including Hastings Patrimoine, Hastings Investissement, Turgot Oblig Plus, Turgot Oblig Court Terme, and Turgot Smidcaps France.
• AIG Europe SAminorOthersProfessional liability and financial guarantee insurance coverage provider for Turgot Life and Turgot Wealth operations, with coverage amounts ranging from €150,000 to €2,000,000 per period depending on activity.
• ANACOFI-CIFminorOthersProfessional association for financial investment advisors, approved by the Autorité des Marchés Financiers (AMF). Turgot Life and Turgot Wealth are members and adhere to AMF regulations.

Scale indicators2 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• BDL Capital Management: French independent asset management boutique with multi-strategy approaches and adviser distribution in France. Closely comparable to Turgot's boutique profile, multi-asset products, and CGP-channel focus.
• DNCA Finance: French independent asset manager offering mutual funds across equity, fixed income, and multi-asset strategies with strong French retail and adviser distribution. Highly comparable to Turgot's fund range and CGP go-to-market motion.
• Amplegest: Paris-based independent asset management boutique offering equity, fixed income, and diversified mandates to French private clients. Closely comparable to Turgot as a similarly sized French boutique AM with multi-asset expertise and adviser-channel distribution.
• Montpensier Finance: Independent French asset management firm managing equity and bond funds distributed via private banking and wealth adviser networks. Direct peer for Turgot's fund offering and CGP-channel distribution approach.
• Vega Investment Managers: French asset manager offering diversified and convertible bond strategies through mutual fund vehicles. Comparable to Turgot as a French AM with multi-asset and bond capabilities distributed through wealth advisory channels.
• Mandarine Gestion: Independent Paris-based asset manager focused on European equities and convertible bonds, distributing via French adviser networks. Similar independent French AM profile targeting retail and private wealth via intermediary channels.

Broad incumbents

• Lazard Frères Gestion: French asset management arm of Lazard offering multi-asset, equity, and fixed income strategies distributed across institutional and private wealth channels. Comparable to Turgot for product overlap though at substantially larger scale as an incumbent.
• Rothschild & Co Asset Management: Asset management arm of Rothschild & Co offering multi-asset and thematic strategies across European markets. Comparable to Turgot in product scope, though at materially larger scale and broader franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC4E8UzKkA08XA2nE_Gbx_7w
• Facebookfacebook.com/TurgotCapital
• LinkedInlinkedin.com/company/turgot-capital

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Turgot Capital