by Verità&Affari editorial team
In the month of March, Fineco’s net inflows reached 806 million euros, confirming the trend towards a growing use of Fineco as a platform to satisfy every financial need, and highlighting solid growth both in the number of new customers (+18% y/y a) both of assets managed in Private Bankingequal to approximately 60 billion.
Administered collections rise
The asset mix sees the managed component positive for 120 million, with Fineco Asset Management’s retail collection amounting to 127 million, despite the outflows from the insurance sector (-151 million). There managed collectionin the month that saw the settlement of the last issue of the BTP Valore, reached 1 billion, while the direct one was equal to -321 million.
I brokerage revenues in March they were estimated at 21 million (+89% compared to the monthly average of the 2017/2019 period), reaching 54 million since the beginning of the year (+2% y/y).
Alessandro Foti, CEO and General Manager of Fineco, declares: “The collection data for March confirm how the propensity to invest is remaining high among Fineco’s customers, not only in the administered component but also in the managed one. The support of the consultancy network is proving to be fundamental in this phase of transformation of the scenario, together with the ability of the technological platform to encourage interaction with global markets. The growth in the Bank’s attractiveness is thus reflected in the constant increase in the number of new customers, who find in Fineco an efficient response to all their needs.
financial needs”.