Version 1.3 — September 2026
Delfi is not a financial advisory service. It is not an intermediary, it is not an authorised adviser, it does not manage your money and it does not execute orders on your behalf.
Nothing you read in here — including Pizia's replies — is investment advice tailored to you. The decisions are yours, and so are the consequences.
Delfi is a personal tool for thinking through your own decisions — money, home, work, life projects — and for remembering them: it keeps the conversations, projects, notes and documents you entrust to it, and helps you reread what you are about to do. For users to whom the features dedicated to the markets are enabled, it also records the positions they indicate and gathers public market data.
Pizia, the assistant that speaks inside it, is a language model. She asks questions, puts your numbers back in order, names the risks she sees. She does not tell you what to buy or sell, and if you ask her, she will say so herself.
Delfi receives no commissions, fees, kickbacks or other payments linked to the products, transactions or decisions of the people who use it — not from banks, intermediaries, issuers, trading platforms, insurers or financial promoters, nor from anyone else. Nobody pays to appear in here, there are no sponsored products, and no security, fund, policy or financial instrument appears in Delfi because someone earns something from it. Any income Delfi may have — from those who use it, or from those who adopt its technology in their own service — will never depend on what you decide or on the products you choose: that is why, inside Delfi, the only person Pizia has to answer to is you.
There is one exception, and we would rather write it ourselves: some booking links outside the financial world — flights, for example, when you use Delfi to plan a trip — are affiliate links, and if you book through them Delfi may receive a small commission from the platform. It does not change the price you pay, it does not influence which results you see or in what order, and it has nothing to do with investment choices.
This is not a courtesy: it is the reason Delfi can afford to ask you why you are doing something, instead of selling you the something. If someone offers you an investment, you can ask Pizia to help you understand what it costs, who profits from it and what happens if it goes wrong — and Pizia has nothing to gain from the answer she gives you.
Investing exposes you to the total or partial loss of your capital, and every big decision — a mortgage, a purchase, a change of job — carries risks that are yours. Before deciding, weigh your situation, your goals and how much you can afford to lose. To the extent permitted by law, Delfi is not liable for losses arising from decisions taken using the service.
For personalised advice, turn to a qualified financial adviser registered with the relevant supervisory body, or to an authorised intermediary. For tax matters, to an accountant. Delfi replaces neither: if anything, it helps you get there with the right questions.
If you find anything in Delfi that looks like an investment recommendation, that is a defect and we want to know: write to privacy@delfi-memory.com.
This notice is to be read together with the Terms of Service and the Privacy Policy, is governed by Italian law, and does not limit the rights the law grants to consumers.