Who are we

A historic and solid player


Tocqueville Finance is an asset management company that has been recognised since 1991 for its stock-picking culture in French and European equities, of all capitalisation sizes, with a fundamental and independent approach within two conviction-based management divisions: Collective Investment Management and Management under Mandate.

Owned by La Banque Postale Asset Management (LBP AM), Tocqueville Finance benefits from the robustness of a large group and the transposition of the best practices implemented by its shareholder (reporting, ethics, IT, etc.) while retaining its identity as a French conviction management boutique with the flexibility and agility of a human-sized structure.

An exclusive positioning:
stock-picking in equities

Tocqueville Finance’s collective management philosophy is based on opportunistic stock-picking, which aims to generate alpha over any period of time, while minimising the risks of high volatility. Independent in order to ensure full freedom of stock selection, it is above all a common sense portfolio management approach favouring a fundamental approach of companies in order to invest only in assets that it understands.

Fundamentally attached to the valuation of companies on both the buy and sell sides, the portfolio managers take a medium to long-term view, adapting to market circumstances and combining conviction with a sense of proportion. As stock-pickers, they favour clear business models and activities whose margin generation is understandable.

Its track record, which is particularly solid and recurrent, has survived the most sensitive periods of the financial markets.

Conviction-based equity management through 4 areas of expertise

Tocqueville Finance has a long history of working closely with French and European companies, enabling it to offer equity investment strategies based on strong convictions that integrate social, societal, environmental and governance issues for the majority of its range.

Tocqueville Finance is thus able to offer a complete range of products covering all management styles and thematics through four areas of expertise:


The agility of a small structure in developing solutions adapted to each type of investor

Tocqueville Finance’s development is based on a network of partners: distributors, asset management advisors, private clients and institutional investors in France and Europe (Belgium, Luxembourg, Switzerland, Germany).

As the equity management arm of the LBP AM group, Tocqueville Finance also distributes all of its parent company’s expertise in order to offer tailor-made solutions adapted to all investor profiles and regulatory constraints.

Key figures

billion in
*(LFDE key figures at 01/04/2024)
funds and

Our mission

Actor of responsible management

Global provider of equity investment solutions through responsible management that integrates financial and extra-financial dimensions into a proven, shared and robust investment process.

Deliver performance

A team of highly experienced men and women who are passionate about their profession, whose primary mission is to deliver performance, year after year, thanks to the effective sharing of ideas within the management team and to calibrated and accountable risk.

“Management is an art that is perfected and nourished by interactions and teamwork”

A civic commitment at the heart of the territories

A credo: promote the financing of the local economy and contribute to the development of French SMEs and ETIs, like the Tocqueville PME fund which obtained the Relance* label in 2021.

*Created on October 19, 2020 by the General Directorate of the Treasury, the Relance label should allow savers and professional investors to identify UCIs that invest in French companies, in particular SMEs-ETIs, in order to mobilize savings for recovery post health crisis.

Our values


Serving the interests of our clients

Seek to generate performance

Promote the financing of the local economy

Working towards responsible finance

Team spirit

Sense of community

Experience & Listening

Complementarity of the portfolio-managers


Methodological and pragmatic approach

Knowledge and proximity to companies

Portfolio-management uncorrelated with indices


Backed by a large group

Longevity with over 30 years of experience

Proven investment process