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Tacconis Advisors & Co.
Marco Tacconis founded Tacconis Advisors & Co. in August 2006 after roles at Schroders Private Bank and Citigroup, where he built a reputation as a...
Tacconis Advisors & Co.
Marco Tacconis founded Tacconis Advisors & Co. in August 2006 after roles at Schroders Private Bank and Citigroup, where he built a reputation as a sell-side European bank analyst. The firm is authorized and regulated by the Financial Conduct Authority as a MIFIDPRU investment firm, operating from London with a lean-cost model that directs spending toward human capital and technology rather than real estate overhead. Client portfolios can include Italian non-performing exposure portfolios and a dedicated Italian mixed-use real estate fund. The firm's investment reach covers fund of funds, direct real estate, and bespoke segregated portfolios spanning Asia, Europe, and the Caribbean. Sectors tagged in its research coverage include fintech, luxury, climate tech, the energy transition, and proptech. The team negotiates quasi-institutional custody terms with banks and audits account statements to enforce agreed fees. No assets sit on the firm's own balance sheet — Tacconis does not hold client money or deal on its own account, capping its own regulatory capital requirement at £87,000 as of year-end 2024. The firm's leadership blends institutional pedigree with a deliberately flat structure. Chief Operating Officer Csilla Deri joined in September 2019 after managing operations at Schroders Private Bank in Switzerland and subsequently running a luxury consumer goods business. Strategic Advisor Francesco Vigoriti arrived in October 2020, and Senior Investment Advisor Dale Hubber-Richard, who holds the CFA UK's ASIP, CAIA, and Chartered FCIS designations, joined in March 2020. In July 2025, Camilla Tacconis came on board as Client Service Manager after completing doctoral research in emerging battery technologies at Cambridge. Both Marco Tacconis and the senior advisory group maintain designations from the CISI, CFA Society UK, and CAIA Association. Tacconis structures its revenue to break the inherent conflict it identifies in traditional private banking. Product providers pay no commissions or retrocessions to the firm; any offered remuneration is credited back to client accounts. The firm collects only a fixed fee and a small share of investment returns, making its own profitability conditional on clients earning a positive return — a structural answer to the agency problem that defines the large-bank wealth management industry.
General information
Firm type
Multi Family Office
Year founded
2006
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Marco Tacconis
Chief Investment Officer and Founding Partner
Csilla Deri
Chief Operating Officer
Francesco Vigoriti
Strategic Advisor
Dale Hubber-Richard
Senior Investment Advisor
Camilla Tacconis
Client Service Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Tacconis Advisors & Co.?
Marco Tacconis, the Chief Investment Officer and Founding Partner, leads investment decisions. He established the firm in 2006 following a career as a sell-side European bank analyst at Citigroup and Schroders, where he helped privatize three major Italian banks. The senior investment team includes Dale Hubber-Richard and Francesco Vigoriti, who support portfolio construction and strategic advice.
How is Tacconis compensated, and how does that structure protect clients?
Clients pay Tacconis a fixed fee plus a percentage of investment returns. The firm explicitly refuses all commissions, retrocessions, and product-provider payments; any offered are credited to client accounts. This makes the firm's own profit dependent on generating positive returns for clients, which Tacconis argues eliminates the product-pushing incentives common inside private banks.
Where do client assets actually sit — does Tacconis hold them on its own balance sheet?
No. All cash and investments remain in the client's name at regulated bank custodians. Tacconis does not hold client money, does not deal on its own account, and maintains a minimal regulatory capital requirement — £87,000 as of the firm's December 2024 ICARA process — because it carries no balance-sheet risk from client assets.
What asset classes does Tacconis deploy into?
The firm's investment coverage spans fund of funds, direct real estate, and bespoke segregated portfolios. Identified exposures include an Italian mixed-use real estate fund and Italian non-performing loan portfolios. Investment types and geography tags in its monitored research coverage include Asia, the Caribbean, and Europe, with sector focuses on fintech, luxury, climate tech, energy transition, and proptech.
Does Tacconis make direct investments or does it operate mainly through funds?
Tacconis uses both approaches. It maintains fund-of-funds allocations alongside direct real estate investments, including an Italian mixed-use property portfolio and commercial non-performing loans in Italy. Bespoke segregated portfolios are also constructed for individual families, suggesting a flexible investment structure rather than a single vehicle.
What is the firm's posture on operational conflicts of interest?
Tacconis defines its entire value proposition around the conflict it sees in traditional private banking: in-house product distribution that rewards the bank, not the client. In response, the firm negotiates quasi-institutional terms with custodians, audits account statements for fee accuracy, earns no product-related compensation, and keeps its own physical overhead low to minimize the fixed-fee burden on clients.
How is the firm staffed across generations, and what does continuity look like?
Marco Tacconis remains the founding CIO with a senior team in place since 2019–2020, including Chief Operating Officer Csilla Deri and Senior Investment Advisor Dale Hubber-Richard. In 2025, Camilla Tacconis joined as Client Service Manager, bringing a quantitative background from doctoral research in emerging battery technologies at Cambridge, which signals an early integration of the next generation into client-facing operations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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