Sale of Financiel to Astoria Finance
Paris (France), February 23, 2026
Financiel, an independent wealth management advisory and insurance brokerage firm based in Montpellier, is joining forces with Groupe Astoria, a leading wealth management platform in France.
Founded in 1998 by Guy Portales, Éric Pace and Christophe Tesson, former members of UAP, Financiel has been advising business owners, entrepreneurs and private clients for over 25 years. The firm relies on a team of eight professionals and advises approximately €130 million in assets. Financiel has developed an independent model structured around two complementary business lines:
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Wealth management (life insurance, real estate investments, euro funds, fixed-income solutions and structured products);
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Insurance brokerage, with recognized expertise in Property & Casualty (P&C) and Health / Protection solutions.
Founded in 2002, Groupe Astoria is now one of the leading wealth management players in France, with €13.8 billion in assets under management and more than 120,000 clients. Through this transaction, Astoria significantly strengthens its capabilities in P&C and Health / Protection insurance, while further consolidating its territorial footprint, particularly in the Occitanie region.
This transaction enables Financiel to join a well-structured group while ensuring continuity in client support, the transfer of its brokerage expertise, and the long-term development of its business.
Éric Pace and Christophe Tesson, founders of Financiel, commented:
“Joining Groupe Astoria represents a key milestone for Financiel. We share the same vision of wealth management advisory, built on independence, client proximity and the ability to deliver tailored solutions over time. This transaction allows us to partner with a solid group while preserving our identity, our teams and our regional roots.”
Malcolm Vincent, CEO of Groupe Astoria, added:
“This combination fully aligns with our selective and sustainable growth strategy. Financiel is recognized for the quality of its advisory services and its strong expertise in risk coverage, particularly in P&C and Health / Protection insurance. This transaction strengthens our capabilities in these key areas, for the benefit of both private and professional clients.”
Financière de Courcelles is proud to have advised the partners of Financiel in this strategic transaction. The deal reflects the ongoing consolidation trend in the French independent wealth management (IFAs) market and confirms Financière de Courcelles’ strong sector expertise in wealth management and insurance advisory. Following Equance’s acquisition of Pierre & Placements, this marks the second transaction advised by Financière de Courcelles in the IFA sector since the beginning of 2026.
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