Consultinvest

What Consultinvest does

Consultinvest is an independent Italian financial services group headquartered in Modena, operating since approximately 1990 through two wholly-owned subsidiaries: Consultinvest Investimenti SIM S.p.A. (investment services) and Consultinvest Asset Management SGR S.p.A. (asset management). The group manages over €4 billion in assets and serves Italian private individual investors—primarily retail and high-net-worth clients—alongside a secondary institutional segment that includes pension funds such as ENPACL. Its core products include mutual funds (Fondi Comuni di Investimento), fund-of-funds (Fondi di Fondi), ethical/ESG funds (Consultinvest Mosaico), discretionary portfolio management (Gestioni Patrimoniali), and distributed third-party financial products including structured instruments. The company distributes exclusively through a national network of independent financial advisors (Consulenti Imprenditori) who operate as entrepreneurs without product quotas, supplemented by physical branch offices (sportelli) and a basic online client portal (Area Clienti).

The underlying technology is a conventional investment management and advisory platform: there is no disclosed AI/ML capability, proprietary algorithmic trading system, or digital robo-advisory offering. The platform relies on licensed advisors, standard fund administration infrastructure, and an online client area. Both entities hold required Italian regulatory authorizations: SIM registration with CONSOB (Albo SIM n. 47) and IVASS (n. D000146463), and SGR registration in the OICVM Section at n. 13. The business model combines recurring management fees on €4B+ AUM (SGR), financial advisory and placement fees (SIM), and discretionary portfolio management fees. Go-to-market is sales-led, driven by the entrepreneur-advisor network rather than digital acquisition. The group is privately held, led by founder and CEO Maurizio Vitolo, and operates without external institutional or PE investors.

Name

Consultinvest

Legal name

Consultinvest Investimenti SIM S.p.A.

Website

https://consultinvest.it

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

Consultinvest is an Italian independent financial services group managing over €4 billion in assets through mutual funds, fund-of-funds, and financial advisory services, serving retail and HNW clients via a national network of entrepreneur financial advisors.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Management Consulting Services (54161)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Fee-Based Advisory (FSAEAAAM)

akta.pro secondary industries

Financial Planning–Led RIAs (FSAAACAB), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ), Discretionary Portfolio Management (Retail) (FSAAAAAH)

Keywords

• Asset management services
• Mutual fund products
• Financial advisory services
• Wealth management consulting
• Discretionary portfolio management

Headquarters

HQ city

Modena

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Asset Management (SGR): Management of mutual funds (Fondi Comuni d'Investimento) and funds of funds, generating management fees on assets under management
2. Financial Advisory (SIM): Financial consulting services through licensed financial advisors, including placement of third-party financial products and wealth management
3. Financial Consulting Contracts: Biennial financial consulting mandates to institutional clients such as pension funds

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Consultinvest operates an independent Italian financial services group providing asset management (mutual funds, fund of funds, ethical funds) through its SGR entity and financial advisory plus discretionary portfolio management through its SIM entity. Services are delivered via entrepreneur-style financial advisors and physical branches, distributing both proprietary and third-party investment products to individual and institutional clients.

Product overview

Consultinvest operates as a unified financial services group offering both asset management (SGR) and securities investment (SIM) products and services. The core offering consists of Fondi Comuni di Investimento (mutual funds) and Fondi di Fondi (funds of funds) managed by Consultinvest Asset Management SGR, alongside financial advisory and discretionary portfolio management services delivered through financial consultants under the Consultinvest SIM entity. The group also distributes third-party products including structured products. Key fund products include Consultinvest Global I, Consultinvest Risparmio Italia AR, and the ethical Consultinvest Mosaico - Fondo Etico. Services are delivered through independent financial consultants and an online client portal (Area Clienti), with the group emphasizing its independence from the traditional banking system.

Differentiator

Problem solved

Functional benefit

Brands

• Consultinvest Global: Mutual fund recognized as 'top fund' by Milano Finanza
• Consultinvest Risparmio Italia
• Consultinvest Mosaico - Fondo Etico

Products and services

• Fondi Comuni di Investimento (Mutual Funds) Range of mutual funds offered by Consultinvest Asset Management SGR across various investment strategies and asset classes, available to private and institutional investors through the firm's distribution network.
• Fondi di Fondi (Fund of Funds) Fund of funds products that invest in other mutual funds, providing diversified exposure across multiple underlying fund strategies, managed by Consultinvest Asset Management SGR.
• Quote Fondi (Fund Shares) Fund shares representing ownership in the mutual funds managed by Consultinvest SGR, made available to clients through the firm's distributor network.
• Consulenza Finanziaria (Financial Advisory) Financial advisory services provided by Consultinvest SIM through qualified financial consultants, offering personalized investment advice independent of banking systems to private and institutional clients.
• Prodotti Collocati (Third-Party Placed Products) Third-party financial products distributed by Consultinvest SIM, including structured products such as autocall certificates, offered to clients through the firm's advisor network.
• Gestioni Patrimoniali (Discretionary Portfolio Management) Discretionary portfolio management services in which Consultinvest makes investment decisions on behalf of the client, tailored to the client's risk profile and objectives.
• Consultinvest Mosaico - Fondo Etico Ethical mutual fund established on 10 September 2019, investing according to ethical and social responsibility criteria within the Consultinvest SGR fund range.
• Consultinvest Global I Global investment fund within the Consultinvest mutual fund range, recognized by Milano Finanza as a top-performing fund.
• Consultinvest Risparmio Italia AR Italian-focused mutual fund within the Consultinvest range, recognized by Milano Finanza as a top-performing fund and oriented to Italian market investments.
• Financial Consulting Contracts (Mandati di Consulenza Finanziaria) Biennial financial consulting mandates delivered to institutional clients such as pension funds and professional associations (e.g., ENPACL), providing structured advisory on institutional portfolios.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Arca SGR: Italian asset management company (SGR) offering mutual funds distributed through Italian bank networks; comparable OICVM fund range and Italian retail fund focus.
• Kairos Partners (Julius Baer): Italian asset management firm offering mutual funds, hedge strategies, and discretionary portfolio management; comparable independent Italian SGR with active management focus and similar size band.
• Banca Generali: Italian private bank focused on financial advisor-led wealth management and asset management products; comparable advisor-driven distribution and Italian HNW retail focus.
• Banca Mediolanum: Italian wealth management bank built on a national network of independent financial advisors selling funds and advisory services; comparable fee-based model and Italian retail/advisor distribution.
• ANIMA Holding: Italian asset management company managing mutual funds distributed through bank networks and advisor channels; directly comparable SGR peer with similar OICVM fund range and Italian retail focus.
• Azimut Holding: Italian independent asset management and wealth advisory group with a similar network of financial advisors and AUM-based fee model; directly comparable mid-market independent player operating in Italy.

Broad incumbents

• Amundi Italia: Italian arm of Europe's largest asset manager, offering mutual funds, ETF, and advisory services; comparable asset management business but with pan-European scale and institutional reach.
• Eurizon Capital: Largest Italian asset manager (Intesa Sanpaolo subsidiary) with extensive mutual fund and SICAV range distributed via Italian banks; comparable product set but vastly larger scale and bank-affiliated distribution.
• Fideuram (Intesa Sanpaolo Private Banking): Italian private banking and wealth management network within Intesa Sanpaolo; comparable financial advisor distribution model and Italian HNW focus but bank-affiliated and substantially larger.

Emerging players

• FinecoBank: Italian digital bank offering asset management and advisory services via online channel; partial overlap with Consultinvest's retail investment offering but with a different, digitally native GTM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Consultinvest