Fineco's net inflows since the beginning of the year amounted to €4.174 million (+16% y/y). The continuous improvement in the asset mix is confirmed, as already highlighted in the previous months: assets under management amounted to €2.507 million (+128% compared to the first nine months of 2016), assets under administration amounted to €482 million while direct deposits amounted to €1.185 million. Since the beginning of the year, premium income in "Guided products & services" has been equal to € 2.729 million, bringing the impact of the latter on the total AuM to 61% compared to 54% in September 2016 and 56% in December 2016.
In September alone, net inflows amounted to €312 million (+39% y/y), of which €112 million in assets under management, -€161 million in assets under administration and €361 million in direct assets. Inflows through the network of financial advisors in the first nine months of the year amounted to €3.813 million, up 22% on the same period of 2016.
Total assets amount to €65.355 million (+9% compared to December 2016 and +14% y/y). In particular, total assets attributable to customers in the Private Banking segment, i.e. with assets exceeding €500.000, amounted to €25.054 million, up 20% y/y. In terms of customer acquisition, since the beginning of the year 87.050 new customers have been acquired (+6% y/y), of which 9.118 in September alone (+7% y/y). The number of total customers as at 30 September 2017 was over 1.180.000, up 7% compared to the same period of the previous year.
