Massimiliano Iannozzi
Consulente Finanziario Autonomo iscritto all’Albo OCF

 

The Advisory Architecture Process

 

The advisory service is based on a disciplined process aimed at translating the client’s capital structure into personalized recommendations that remain consistent over time. Each engagement follows a defined sequence: from the analysis of the client’s overall financial situation and objectives to the assessment of the risk profile.

Investment opportunities are analyzed in depth, considering their characteristics, risks, and structural quality. At the same time, overall portfolio risk is assessed in terms of exposure, concentration, and correlations across holdings.

Investment recommendations are formulated in accordance with the suitability requirements set out under MiFID II, considering the client’s knowledge and experience, financial situation, investment objectives, ability to bear losses, and risk tolerance.

Within this framework, suitability and the quality of the opportunity form the basis of each recommendation, while the overall assessment of portfolio exposure and risk profile defines its sustainability and limits.

 THE STAGES OF THE ADVISORY PROCESS

 

Map the Full Capital Structure

Wealth analysis goes far beyond basic regulatory requirements. Prior to any recommendation, your wealth is mapped out in its true operational reality: what exists, where it is held, in what form, under what constraints, and who drives the decisions. Assets, banks, legal vehicles, and governance are analyzed as a single system to uncover risks, opportunities, and dependencies.

 

Define Long-Term Objectives

Defining goals clarifies what wealth must protect, fund, or enable over time, balancing personal needs with market realities. The MiFID process maps time horizons, loss capacity, and risk tolerance; our dialogue on investment principles aligns expectations, future events, and sustainable risks, ensuring the client remains an active and conscious decision-maker.

 

Establish Strategic Allocation Boundaries

Strategic asset allocation translates the client’s objectives, MiFID profile, and liquidity constraints into a long-term framework within which the wealth may be invested. It establishes measurable ranges of exposure and concentration within which investment opportunities can be assessed and recommended. As a disciplined reference point, it guides sustainable risk over time without relying on forecasts or automatic decision-making.

 

Investment Opportunity Assessment 

Opportunities are assessed through a subtractive discipline: before selecting, we exclude what does not deserve capital. Instruments, managers, and businesses are analyzed for quality, resilience, durability, costs, sustainability, valuation, and margin of safety. Only after verifying consistency with the client’s MiFID profile, strategic allocation, and objectives are the alternatives narrowed down to a targeted set of opportunities suited to the client’s portfolio over the long term.

 

Target Portfolio Definition

The target portfolio takes shape from two key decisions: which opportunities deserve capital and how much capital can prudently be allocated to them. The quality of each opportunity guides its selection; strategic asset allocation defines the risk perimeter, role, and weight each may assume within the client’s overall wealth. The resulting structure is reviewed in terms of concentration, diversification, expected volatility, and adherence to risk limits, with a preference for structural balance, clarity, and long-term consistency.

 

Advisory-Guided Implementation

Implementation does not mean acting quickly, but defining how much capital to deploy, when, and under what conditions. Each recommendation may specify size, timing, and phasing, calibrated to valuations and the market’s appetite for risk. The advisor brings discipline to the decision-making process without discretion, execution, or management of financial instruments: investment decisions and implementation remain the client’s responsibility.

 

Manage Risk Over Time

Risk is reviewed on a non-discretionary basis against the client’s MiFID profile and strategic asset allocation. Positions are reviewed with discipline, not in response to short-term volatility, but to assess whether fundamentals, valuations, and the original investment assumptions continue to justify their role and weight in the portfolio. Material changes in individual opportunities or in the market regime may lead to adjustment recommendations, without ongoing monitoring or portfolio management activity.

A PROCESS SUPPORTED BY

PROPRIETARY TOOLS

 

Each stage of the advisory process is supported by structured analytical models and proprietary tools developed over time, designed to strengthen methodological rigor, reduce decision-making errors, and make risk, return, and regulatory constraints explicit.

These tools integrate quantitative analysis, qualitative judgment, overall wealth structure, and risk control parameters, without generating automatic outputs or independently determining investment decisions.

Each recommendation is made following an individual suitability assessment, carried out with reference to the specific proposal and the client’s profile.

The service is non-executive in nature: it does not involve custody, delegated authority, or ongoing discretionary monitoring. Investment decisions and their execution remain the sole responsibility of the client.

Within this framework, the tools support discipline and process traceability, while the suitability assessment ensures that each recommendation is tailored, well-founded, and consistent with the client’s risk profile and best interests.

 

Massimiliano Iannozzi - Consulente Finanziario Autonomo, registered with the Single Register of Financial Advisers, CFA section, under OCF Resolution no. 2976 of 26 May 2026, registration no. 641736, pursuant to Legislative Decree no. 58/1998 — the Italian Consolidated Law on Finance (TUF). Advisory services are provided independently. VAT no. 18347001002.

The content presented on this page is provided for informational purposes only and does not constitute pre-contractual information under applicable regulations, nor a solicitation to the public to invest or an offer of financial instruments. Any investment recommendations regarding financial instruments are provided exclusively following an individualized suitability assessment, in accordance with the client’s MiFID profile and expressed preferences. The advisory service is provided on a non-discretionary basis, in compliance with the transparency, fairness, and suitability requirements set forth under the Italian Consolidated Financial Act (TUF) and the MiFID II Directive; it does not include portfolio management services or any delegation of trading authority. All investment decisions and their execution remain under the full and exclusive responsibility of the client. No guarantee is provided regarding results or future performance.