Recommended INPS scheme:
SEPARATA
Flat-rate scheme (forfettario)
Eligible for the flat-rate scheme?
Yes
Threshold:
€85,000
Profitability coefficient:
78%
Calculate your taxes
Classification
- LATTIVITÀ FINANZIARIE E ASSICURATIVE
- 66Attività ausiliarie dei servizi finanziari e delle attività assicurative
- 66.1Attività ausiliarie dei servizi finanziari, escluse le assicurazioni e i fondi pensione
- 66.19Altre attività ausiliarie dei servizi finanziari, escluse le assicurazioni e i fondi pensione
- 66.19.2Attività di consulenza finanziaria
- 66.19.22Altre attività di consulenza finanziaria
Description
- activities of independent financial advisors
Notes from category 66.19.2:
- investment advisory services, including robo-advisory services
- activities of mortgage and loan advisors and brokerage
- activities of financial advisors in relation to merger and acquisition services
- analysing financial markets as an advisory service
- activities of financial analysts
Exclusion notes
Excluded from class 66.19:
- publishing of financial markets analysis, see 58.19
- information search services regarding financial markets, see 63.92
- crypto-assets exchanges, see 66.11
- brokerage activities, see 66.12
- activities of insurance agents and brokers, see 66.22
- management of funds, see 66.30
- activities of debt collection agencies and non-performing loans servicers, see 82.91
- trading and brokerage of crypto-assets without liabilities, see 82.99
Frequently asked questions
I work as an independent (fee-only) financial adviser: is 66.19.22 the right code?
Yes. Code 66.19.22 covers independent financial advisers — those who charge a fee for advice without placing products on behalf of banks or distribution networks. If instead you operate under a mandate from an intermediary for off-premises distribution, the correct code is 66.19.21.
Financial advisory 66.19.22 or management consulting 70.20.09: where does one end and the other begin?
It depends on the subject matter. Code 66.19.22 covers investments, financial products, and financial planning for individuals or businesses. If instead you advise on organisational structure, strategy, or management control, you fall under 70.20.09.
If I carry out valuations and appraisals of securities and financial products, do I stay under 66.19.22 or does the code change?
It changes. Advisory proper falls under 66.19.22, but expert valuation and appraisal activities on securities and financial products — carried out as a court-appointed or stock-exchange expert — are classified under 69.10.30.
Independent financial advisory or supervision of funds: do 66.19.22 and 66.29.01 overlap?
No, the boundary is clear. Code 66.19.22 is advisory provided to a private or corporate client. Code 66.29.01 is the activity of a regulatory authority that supervises insurance undertakings and pension funds — not a service sold on the market.
Replaces the following ATECO 2007 code
This 2025 code replaced the code in force until 31 March 2025:
- 66.19.22— Agenti, mediatori e procacciatori in prodotti finanziari(corrispondenza diretta)