Top Family Offices in Turin 2026

Key Facts About Family Offices in Turin

• Turin ranks as Italy's second-largest family office hub after Milan, with roughly five dedicated offices headquartered in the city and several more serving Piedmont clients from nearby locations.
• Tosetti Value, one of Europe's earliest multi-family offices (MFOs), supervises over €5 billion in assets under management (AUM) from its Turin base.
• Italy has 20 to 25 registered multi-family offices nationally. Turin holds a share that exceeds its relative population size.
• TOKOS SCF has grown to €300 million or more under advisory with over 200 client families since registering with the OCF in 2019.
• Piedmont's industrial dynasties, including the Agnelli family behind EXOR, created the demand for professional wealth management in the region.
• Italian MFOs operate under SIM, SCF, or SGR regulatory forms, each carrying distinct rules on fee models and service scope.
• Capital from Turin offices increasingly targets renewable energy projects, direct stakes in Italian companies, and ESG-aligned strategies.

Landscape Overview

Turin sits at the center of Piedmont's industrial wealth, a region shaped by families in automotive, food and beverage, and manufacturing. The Agnelli dynasty's EXOR, the Lavazza coffee empire, and Ferrero's confectionery fortune all trace their roots here. This concentration of ultra-high-net-worth (UHNW) families created fertile ground for professional family offices long before the model became common elsewhere in Italy.

The city hosts two distinct types of offices. Single family offices (SFOs) like EXOR function as holding companies overseeing multi-billion-euro portfolios of listed and private assets. Multi-family offices such as Tosetti Value and TOKOS SCF serve dozens or hundreds of families. They offer shared services from capital deployment advisory to estate planning and family oversight.

Italian regulators classify these firms as SIM (investment intermediation firms), SCF (independent financial advisory firms), or SGR (asset management companies). The distinction matters for how they charge fees and what services they can legally provide.

Compared to Milan, which hosts roughly 15 MFOs, Turin's market is smaller but older and more relationship-driven. Newer entrants like TOKOS SCF and Family Office Italy, both launched within the past decade, signal growing demand beyond established players. Turin offices tend to emphasize long-term wealth preservation and independence from product distribution. This contrasts with some Milan firms that maintain banking affiliations.

Family Office Comparison at a Glance

Italian family offices operate under different regulatory structures. A SIM can manage portfolios and distribute products. An SCF provides fee-only advisory with no product sales. An SGR manages collective funds. The table below compares leading offices serving Turin and the broader Italian market.

Family Office	Type	Regulatory Form	AUM Estimate	Investment Focus	Location
Tosetti Value	MFO	SIM	€5B+	Financial/real asset supervision, family oversight, art advisory	Turin
EXOR N.V.	SFO/Holding	—	—	Diversified industrial holdings: automotive, luxury, media, tech	Turin
TOKOS SCF	MFO	SCF	€300M+	Independent advisory, renewable energy, fintech	Turin
Tamburi Investment Partners	MFO/Direct Investor	—	$5B	Minority stakes in Italian mid-market companies	Milan
CFO SIM	MFO	SIM	€2B+	Investment banking, private banking, club deals	Milan
Praesidium SGR	MFO	SGR	$2B	PE, VC, real estate in healthcare/biotech, tech	Milan
Spafid Family Office	MFO	—	$1B	Fiduciary management, asset planning	Milan
Cuniberti & Partners	MFO	SIM	—	Full patrimony management: financial, fiscal, legal, notarial	—
Family Cube Partners	MFO	—	$500M	Strategic asset allocation, traditional and alternative classes	Milan

Turin-based offices anchor the top of this list for families seeking local expertise. Tosetti Value leads by managed assets among dedicated MFOs. TOKOS SCF stands out as the only fee-only SCF in the Turin market. Milan-based firms like Tamburi and Praesidium SGR remain relevant for Piedmont families seeking direct capital deployment or PE/VC access.

Top Picks by Strategy

• Largest AUM in Turin: Tosetti Value supervises €5 billion or more. The firm built its reputation as one of the first MFOs in Europe and pairs investment oversight with art advisory through its Emblème platform.
• Top Independent Advisory: TOKOS SCF operates as a fee-only SCF with no product distribution conflicts, serving over 200 families from its Via Lagrange office.
• Best for Industrial Dynasty Oversight: EXOR transformed the Agnelli family's automotive fortune into a diversified portfolio spanning Ferrari, Stellantis, Christian Louboutin, and The Economist.
• Strongest Direct Investment Platform: Tamburi Investment Partners takes minority stakes in mid-sized Italian companies through club deals. Families gain co-investment access to the domestic mid-market.
• Leading Sustainability Focus: CIV combines sustainable investing with corporate finance and charitable giving, founded by former JPMorgan and Banca Intesa executive Alessandro Nitti.
• Best for Renewable Energy: TOKOS SCF's R-ENERGIE platform develops photovoltaic and battery storage (BESS) projects, offering families a proprietary path into clean energy.
• Broadest Service Suite: CFO SIM pairs MFO advisory with investment banking, Investor VISA processing, and club deals through a team of over 60 professionals.

Top Family Offices in Turin and Italy in Detail

Tosetti Value

No other MFO in Turin matches the breadth of Tosetti Value's mandate. The firm supervises over €5 billion for more than 100 client families. It covers financial assets, real estate, legal and fiscal matters, and succession planning.

What sets it apart is the integration of art and passion assets into wealth oversight. Its Emblème platform provides a digital caveau for collectors. The firm also sponsors events during Artissima, Turin's leading art fair.

For wealthy families who view their patrimony as encompassing cultural capital alongside financial capital, Tosetti Value offers a model that few European MFOs replicate.

EXOR

The Agnelli family's investment vehicle holds stakes in Ferrari (19.5% economic rights), Stellantis, CNH Industrial, Juventus FC, Christian Louboutin (24%), Philips (19%), and The Economist. EXOR represents the evolution of a single family office into a publicly listed holding company.

Its portfolio spans automotive, luxury goods, media, and healthcare. The structure offers a blueprint for how Italian industrial dynasties can professionalize and diversify generational wealth. Families studying how to build SFO governance for multi-generational complexity often look to EXOR's model as a reference.

TOKOS SCF

Turin's fastest-growing wealth management firm reached over €300 million under advisory and 200 client families within five years of its 2019 launch. As a registered SCF, TOKOS operates on a pure fee-only model with no commissions from product sales.

Its R-ENERGIE platform develops photovoltaic and BESS storage projects, giving clients direct exposure to renewable energy. The firm also runs Alpha-Lab, a fintech research unit applying data science and AI to financial advisory.

Entrepreneurial families in Piedmont seeking conflict-free guidance and exposure to energy transition deals will find TOKOS among the most relevant options.

Tamburi Investment Partners

Italy's leading direct-investment platform for families, Tamburi manages $5 billion through minority stakes in mid-sized Italian companies in industrials, consumer goods, and technology. The firm structures club deals that allow multiple families to co-invest in specific targets.

In contrast to passive allocation models, Tamburi gives its clients active ownership positions in the Italian mid-market. Families seeking to deploy capital in domestic companies rather than global fund-of-funds strategies can access deal flow typically reserved for institutional PE firms.

CFO SIM

Milan's broadest MFO platform combines family office advisory with investment banking, private banking, and Investor VISA services. CFO SIM advises over €2 billion in assets through a team of more than 60 professionals.

The firm arranges club deals and provides tax and legal planning. Its service scope suits families with complex cross-border needs, including those relocating to Italy under the flat-tax regime for new residents.

Praesidium SGR

Praesidium serves roughly 90 UHNW families and manages $2 billion through PE fund selection, club deals, and co-investments. The firm focuses on healthcare, biotech, and technology in the US and Western Europe, avoiding emerging markets entirely.

Praesidium favors co-investment alongside established PE funds, lowering fee layers for its clients. Families wanting institutional-grade alternative allocation access without building an in-house PE team can rely on Praesidium's sourcing network.

Cuniberti & Partners SIM

A three-tiered service model sets this SIM apart. The Financial Office level manages liquid portfolios. The Heritage Office adds a full patrimony analysis covering all assets, liabilities, and insurance.

The Family CEO level provides systemic oversight, where every financial, corporate, and real estate decision gets evaluated in the context of the family's entire wealth. The multidisciplinary team includes financial, fiscal, legal, and notarial experts, a combination that is rare in the Italian advisory landscape.

Spafid Family Office

Spafid manages $1 billion in wealth and fiduciary services from Milan. The firm offers asset planning, corporate assistance, and financial consulting. Its fiduciary roots give it strength in trust structures and confidential asset management under Italian law. Families needing a fiduciary layer for patrimony protection will find Spafid's heritage in this area a natural fit.

CIV (Compagnia per l'Innovazione e per i Valori)

Alessandro Nitti left JPMorgan and Banca Intesa to launch CIV in 2013 with a sustainability mandate. The firm offers market analysis, asset allocation, corporate finance, and charitable giving advisory, all filtered through ESG criteria. CIV also invests directly in social projects in art and education.

Values-driven families who want their capital to fund measurable social outcomes can use CIV as both advisor and impact partner.

Investment Trends Shaping Turin's Family Office Market

Direct Investments and Club Deals in the Italian Mid-Market

Piedmont families are shifting from passive fund allocations toward direct ownership of Italian companies. Tamburi Investment Partners structures club deals that let families take minority stakes in specific targets. Former industrialists in Turin prefer staying close to operating businesses rather than delegating to blind-pool funds.

Renewable Energy and ESG Allocation

TOKOS SCF's R-ENERGIE platform develops photovoltaic and BESS projects in Italy, giving clients proprietary access to the energy transition. CIV's mandate centers entirely on sustainability. Multiple Turin offices now integrate ESG criteria into portfolio construction, driven by next-generation heirs who prioritize climate-aligned investing.

Succession Planning and Generational Transfer

Only 25% of Italian family businesses survive to the second generation, and just 15% reach the third. Turin offices such as Tosetti Value have built dedicated programs to improve those odds. The challenge is especially acute in Piedmont, where aging founders of manufacturing and automotive supply-chain firms face transfer timelines within the next decade. Cuniberti & Partners' Family CEO model directly addresses this gap by integrating legal, fiscal, and corporate succession into one framework.

Art, Passion Assets, and Charitable Giving

Tosetti Value's Emblème digital caveau catalogues collectors' tangible assets, from paintings to rare cars. The firm's annual sponsorship at Artissima connects wealth management with Turin's contemporary art scene. This niche service resonates with Piedmont families whose collections represent both emotional value and material wealth that needs professional management.

How to Evaluate a Family Office in This Market

The first question for any Piedmont family is regulatory classification. A SIM like Tosetti Value or Cuniberti & Partners can manage portfolios and execute trades. An SCF like TOKOS can only advise, with no authority to handle client assets or earn commissions from product sales. An SGR like Praesidium manages pooled funds. Knowing which structure you need depends on whether you want hands-on portfolio management or pure advisory.

Independence is the sharpest dividing line in Turin's market. Fee-only offices (SCF model) earn nothing from the products they recommend. This removes conflicts of interest entirely. Firms that both advise and distribute financial products can face incentive misalignment. Ask any prospective office whether it earns commissions, retrocessions, or placement fees from third-party funds.

Verify CONSOB and OCF registration directly through their public databases before engaging any firm. Unregistered operators exist in Italy's advisory market, and a missing registration is an immediate red flag. A second red flag: any firm that cannot produce a consolidated view of your total patrimony covering financial assets, real estate, insurance, liabilities, and corporate holdings in a single report.

Multidisciplinary depth matters in Piedmont, where family wealth often spans listed equities, operating companies, real estate, and art collections. Cuniberti & Partners' Heritage Office model combines financial, fiscal, legal, and notarial expertise. That standard reflects what complex patrimonies require. Offices that offer only portfolio management may miss critical tax or succession risks in your broader wealth structure.

Which Family Office Fits Your Needs?

UHNW families with complex, multi-generational patrimony will find Tosetti Value's integrated model the most complete offering in the Turin market. It covers financial assets, legal affairs, family oversight, and art advisory under one roof. EXOR's SFO structure illustrates how the largest dynasties manage holdings through a dedicated vehicle. That model typically requires $100 million or more in investable assets to justify.

Entrepreneurial families who want conflict-free advice should explore TOKOS SCF's fee-only model. Its renewable energy platform also suits families interested in direct exposure to Italy's energy transition. For families wanting active ownership in Italian companies, Tamburi's club deal structure provides co-investment access to mid-market targets that would otherwise require institutional PE scale.

Next-generation heirs facing succession decisions can look to Cuniberti & Partners' Family CEO service, which integrates legal, fiscal, and corporate transfer planning. Given Italy's low survival rates for family businesses past the first generation, engaging a specialist early is a practical step. Families driven by values and impact should consider CIV, where sustainability and charitable giving are embedded in the mandate rather than treated as add-ons.

Methodology

This article on family office Torino draws on publicly available regulatory filings, firm disclosures, and European wealth databases current as of 2025. Office profiles, AUM figures, and service descriptions reflect data published by the firms themselves or recorded in industry databases. Where AUM figures were unavailable, the field was omitted rather than estimated. The selection prioritizes offices headquartered in Turin or with strong Piedmont client bases, supplemented by nationally significant Italian MFOs. Rankings reflect editorial judgment based on reported AUM, service breadth, and niche relevance to the Turin market.