Getting started with investing: should you go through a management company?

Updated March 29, 2026 - Getting started in investing is not just about choosing a product. You must first define your objective, your horizon, your risk tolerance and the level of support you need. This is where a management company or another heritage professional can become useful. But this is not always the right solution for a beginner.

The AMF distinguishes between several modes of support:

• ▸fully delegated management via a management mandate;
• ▸advice with preservation of the decision by the saver;
• ▸investment without advice.

The AMF page on the management mandate also recalls that this type of management is often reserved for portfolios of an already significant amount, often 10,000 to 50,000 euros minimum depending on the players, and that it is not suitable for small amounts due to the fees.

To complete, see Tax advisor for individuals, Individual tax optimization and PEA-SME: what taxation?.

Calling on a professional may be relevant if you want:

• ▸structure your allocation from the start;
• ▸avoid beginner's mistakes;
• ▸articulate investments, taxation and overall assets;
• ▸delegate part of the arbitrations.

The AMF reminds you that a professional subject to an obligation to advise must ask you questions about:

• ▸your financial situation;
• ▸your capacity to suffer losses;
• ▸your objectives;
• ▸your experience and your risk tolerance.

He must also communicate to you the details of the costs. If this work is not done seriously, the relationship is not healthy.

To begin with, the right solution is not always a management mandate. More educational or heritage support can sometimes be more appropriate than a complete delegation.

Hayot Expertise Advice: starting out in investing is not first about choosing a product. It's choosing a level of management and a risk framework that you really understand.

We help managers and individuals to clarify their objectives, to arbitrate between delegation and advice, and to link investments to the overall taxation of the household.

Quick link: Take stock of your wealth strategy

In 2026, using a management company can be useful to get started, but only if the level of assets, complexity and delegation justifies it. In many cases, structured wealth advice upstream is more relevant.

Contact: Want to know if delegated management makes sense for your situation? Our firm can help you choose between advice, delegation and direct investments. Make an appointment with Hayot Expertise

(Official sources: AMF - Who can you contact for your savings?, management mandate)