Tocqueville Asset Management snags growth capital from Leon Financial Network
- Leon Financial Network partners with asset managers and independent RIAs managing between $250 million and $20 billion in assets to provide flexible debt and equity capital
- Leon Financial Network’s partnership with Tocqueville represents its second investment in the RIA and wealth management industry, following an investment in Legacy Knight
- Leon Capital Group is a holding company that operates assets in the financial services, healthcare, real estate, and technology industries
Leon Financial Network, a subsidiary of Leon Capital Group, will provide growth capital to Tocqueville Asset Management, a New York City-based independent registered investment advisor. No financial terms were disclosed.
The capital infusion will allow Tocqueville to generate long-term enterprise value.
Leon Financial Network partners with asset managers and independent RIAs managing between $250 million and $20 billion in assets to provide flexible debt and equity capital.
“Since Leon Capital Group’s founding, we have held a differentiated belief in patient capital and building businesses from the ground up – from real estate, to healthcare, technology and financial services,” said Fernando De Leon, founder and CEO of Leon Capital Group. “Leon Financial Network is a direct reflection of that ethos, creating flexible partnerships with enterprising wealth and asset management firms that have demonstrated operational excellence over the long-term and for whom our powerful network and resources can unlock meaningful growth. Tocqueville is just such a partner, and we are looking forward to supporting their exciting path forward.”
Leon Financial Network’s partnership with Tocqueville represents its second investment in the RIA and wealth management industry, following an investment in Legacy Knight, a multi-family office based in Dallas.
Leon Capital Group is a holding company that operates assets in the financial services, healthcare, real estate, and technology industries.
