Consultique

What Consultique does

Consultique SCF S.p.A. is an Italian independent financial advisory firm founded in 2001 in Verona, operating as the first fee-only advisory company in Italy. It serves private investors, family units, companies, and institutional bodies through advisory engagements in which it is remunerated solely by client fees (parcella), with no commissions or retrocessions from banks, networks, or product issuers. It is registered in Section 2 of the OCF (Albo Unico dei Consulenti Finanziari) under resolution No. 961 of 01/12/2018, which formalized the regulatory recognition of independent advisors in Italy.

The company's core technology is the proprietary Fee Only Platform, an integrated software suite used by over 80% of OCF-registered independent advisors (CFA) and SCF companies in Italy. Modules include APM (MiFID-compliant client and product management across 210,000+ instruments), Fee Only Plan (family-level financial planning), Corporate (credit risk analysis), DRI (remote identification / e-signature), and the 2024-launched CFA Advice robo-advisor. A 30-person internal Research Department produces the world's first ETF rating (launched 2004) and proprietary pension fund ratings, published weekly in Il Sole 24 Ore Plus24. Consultique also operates Network Consultique, aggregating 300+ independent advisory studios, and runs Italy's first authorized CFP® certification training program (since 2023).

Revenue is generated through four streams: (i) fee-only advisory fees from direct client engagements, priced as personalized quotes based on time, asset complexity, and client goals; (ii) B2B subscriptions to the Fee Only Platform by independent advisors and SCF firms; (iii) CFP® training and OCF exam preparation programs; and (iv) OCF registration and onboarding support services for aspiring independent advisors (SCF annual fee €3,240; individual CFA €515). Founders Cesare Armellini (CEO/President), Giuseppe Romano (Research Director), and Luca Mainò (Commercial Director) also founded NAFOP and AssoSCF, the two industry associations representing Italian autonomous and fee-only advisors, with AssoSCF holding a seat on the OCF board since December 2021.

Name

Consultique

Legal name

Consultique SCF S.p.A.

Website

https://consultique.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Consultique SCF S.p.A. is Italy's first fee-only independent financial advisory firm, providing advisory services to private investors and corporates while operating the Fee Only Platform — a proprietary software suite used by over 80% of Italian OCF-registered independent advisors.

Ownership category

akta.pro rank

Product category

Independent Financial Advisory

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Fee-Only Advisory (FSAEAAAL)

akta.pro secondary industry

Fee-Based Advisory (FSAEAAAM)

Keywords

• Independent financial advisory
• Fee-only consulting
• Wealth management planning
• Financial advisor software
• ETF rating research

Headquarters

HQ city

Verona

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Fee-Only Advisory Services: Remuneration exclusively through fees (parcella) paid directly by clients, similar to lawyers and accountants. Fee amount determined by time required, complexity of assets, and client goals. This is the only form of remuneration - consultants are prohibited from receiving incentives from third parties.
2. Fee Only Platform Software and Services: B2B services provided to independent financial advisors and SCF companies including software access, research content, compliance support, and ongoing assistance. Used by over 80% of OCF-registered advisors.
3. Training and Certification Preparation: CFP certification training programs and OCF exam preparation support services
4. OCF Registration Support Services: Assistance with OCF registration, documentation preparation, and business startup support for independent financial advisors

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Consultique SCF S.p.A. provides fee-only independent financial advisory and wealth planning services directly to private investors, companies, and institutional bodies across Italy. In parallel, it operates the proprietary Fee Only Platform — a B2B software ecosystem used by over 80% of registered Italian independent financial advisors (CFAs) and SCF companies — and delivers CFP-certified training, proprietary ETF and pension fund ratings published in Il Sole 24 Ore, plus OCF registration support services.

Product overview

Consultique offers a unified platform-based ecosystem for independent financial advisors in Italy called the Fee Only Platform, which serves over 80% of registered CFAs and SCFs. The platform integrates multiple proprietary software modules: APM (Asset Portfolio Management) for MiFID-compliant client management, Fee Only Plan for comprehensive financial planning, Corporate for credit risk analysis, and DRI for remote identification. The platform is offered in three service tiers (Advisor, Planner, Planner+Corporate) and includes a proprietary robo-advisor called CFA Advice. Beyond the platform, Consultique provides CFP-certified training (Executive Master), proprietary research products including the world's first ETF rating (since 2004) and pension fund ratings published in Il Sole 24 Ore. The ecosystem also includes a client portal with portfolio visualization and direct chat capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Fee Only Platform: The leading platform in Italy for independent financial advisors, providing software and exclusive content for financial consulting and wealth planning.
• Network Consultique

Products and services

• Fee Only Platform The flagship proprietary platform for independent financial advisors in Italy, used by over 80% of registered CFAs and SCF companies. Bundles proprietary software modules, research content, compliance tools, and ongoing support for delivering independent financial advisory and wealth planning services.
• APM (Asset Portfolio Management) Software MiFID-compliant client management software enabling product analysis, client portfolio management with database of over 210,000 instruments, account aggregation, suitability assessment (VaR), automated MiFID II reporting (ex-ante/ex-post costs), anti-money laundering features, and unlimited client capacity.
• Fee Only Plan Software Financial planning software for analyzing the economic-patrimonial condition of a family unit and structuring comprehensive financial planning, including family budget, public and complementary pension planning, insurance planning, real estate planning, and financial calculators.
• Corporate Software Credit analysis and central risk (Centrale Rischi) analysis software for companies, providing tools to improve relationships with the credit and banking system.
• DRI (Digital Remote Identification) Software Remote client identification software enabling digital onboarding and advanced electronic signature compliant with anti-money laundering regulations, via SPID or self-ID.
• CFA Advice (Robo-advisor) The first robo-advisor dedicated to independent financial advice in Italy, enabling personalization and saving of model portfolios with automatic generation of recommendations for construction and periodic rebalancing.
• Executive Master in Consulenza e Pianificazione Finanziaria CFP-certified training program authorized by FPSB Italia — the first integrated financial planning course in Italy meeting worldwide CFP standards, consisting of 18 days across 4 modules.
• ETF Rating Proprietary ETF rating system — the world's first ETF rating, implemented in 2004 and published weekly in Plus24 of Il Sole 24 Ore.
• Pension Fund Rating Proprietary rating system for open and closed pension funds, published regularly in Plus24 of Il Sole 24 Ore.
• Fee-Only Independent Financial Advisory Direct fee-only advisory services to private investors, companies, and institutional bodies in Italy. Includes independent financial analysis, investment planning, pension and insurance planning, real estate planning, family cash-flow planning, and renegotiation of terms with banks. Remunerated exclusively through client-paid fees (parcella), with no commissions from third parties.
• OCF Registration Support Services Assistance with OCF (Albo Unico dei Consulenti Finanziari) registration, documentation preparation, and business startup support for aspiring independent financial advisors. Over 85% of CFA and SCF registered with OCF have used Consultique's support services.

Quantifiable outcome

• Over 300 financial advisory studios and SCF companies in Italy served
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• NAFOP (Associazione Nazionale Consulenti Finanziari Autonomi)coreStrategic or Co-development PartnerConsultique SCF is the founder of NAFOP, the national association of independent financial advisors. Cesare Armellini serves as President, representing the category in the Executive Committee of OCF.
• AssoSCF (Associazione Italiana Società di Consulenza Finanziaria Indipendente Fee-Only)coreStrategic or Co-development PartnerConsultique SCF is the founder of AssoSCF, the Italian association of fee-only independent financial advisory companies. The association entered the OCF board in December 2021.
• Il Sole 24 OreflagshipOthersPrincipal analysis provider to Il Sole 24 Ore; publishes weekly ETF ratings and pension fund ratings in Plus24; provides regular financial analysis and market commentary

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Moneyfarm: UK-founded digital wealth manager with a strong Italian presence offering automated portfolio management and advisory-style services. Comparable as a fee-transparent, non-bank-tied investment advice provider competing for the same Italian independent-minded investor segment, though via a digital-first model rather than Consultique's human-advisor platform.
• Scalable Capital: European digital wealth manager offering robo-advisory and brokerage services, with Italian market presence. Comparable as a fee-transparent, technology-led investment advisory provider competing for Italian independent investors, though international in scope rather than Italy-dedicated.

Broad incumbents

• Directa SIM: One of Italy's largest online brokers, offering execution services alongside advisory-style tools and research. Comparable as an Italian retail-investor-facing financial services platform with proprietary research and technology serving self-directed and advised investors, though it operates a broker rather than a pure fee-only advisory model.
• Banca Mediolanum: Large Italian retail bank with a substantial financial advisor network and proprietary advisory tools. Comparable as an Italy-wide financial advisory ecosystem with technology and research assets, though it operates a bank-distribution model rather than the fee-only independent advisor model.
• FinecoBank: Leading Italian multichannel bank with integrated brokerage, advisory, and wealth management services including the Fineco Asset Management research function. Comparable as a major Italian retail advisory and investment platform with proprietary research and advisor tools, though structurally bank-tied.
• Deutsche Bank Financial Advisors (Italy): Italian retail advisory arm of a global bank, providing fee-based and commission-based advisory through bank-tied advisors. Comparable as a competing channel for Italian retail advisory, though operating under the bank-distribution model Consultique explicitly positions itself against.

Regional players

• Online SIM: Italian online brokerage and advisory firm offering portfolio advisory services to private investors. Comparable as another independent Italian financial services provider targeting retail savers seeking non-bank-channel advice, though more execution-oriented than Consultique's pure advisory focus.
• Prometeia: Italian financial research and advisory firm offering wealth management consulting, risk analytics, and proprietary investment research to Italian financial institutions. Comparable as an Italy-based financial research and advisory provider, though B2B-focused toward institutions rather than retail investors and independent advisors.

Others

• AssoSCF (Associazione Italiana Società di Consulenza Finanziaria Indipendente Fee-Only): Italian trade association of fee-only independent financial advisory companies founded by Consultique. Comparable not as a competitor but as a directly adjacent ecosystem organization — represents the same fee-only SCF category that Consultique both serves (via its platform) and competes within (via direct advisory).

Direct peers

• Personal Capital (now Empower): US-based hybrid robo-advisor and human-advisor wealth management platform. Comparable as a technology-led, fee-transparent advisory platform combining proprietary software with human advisors — a model structurally parallel to Consultique's platform-plus-advisor architecture, though serving the US market at much greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/consultique_fo
• Facebookfacebook.com/Consultique
• LinkedInlinkedin.com/company/consultique-scf-spa

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Consultique