No more trading fees for Finecobank clients who use the Plus and Advice services. The news was announced today by the bank led by Alessandro Foti and will become operational as of March 2020.
“With this important initiative we have chosen to combine the excellence of the brokerage offer with that of consultancy services”, underlined Paolo Di Grazia, deputy general manager of Finecobank” who then explained the reasons behind the decision. “A choice dictated bycommitment to value consultancy, at the same time seizing the opportunities of an integrated, advanced platform, the most used in Italy. All at zero trading fees”.
Going into detail, Fineco is the first bank in the country to have reduced negotiation commissions on administered savings to zero. However, the new rules will only concern those who use the Plus and Advice advanced consultancy services and will apply in particular to trading commissions on stocks, bonds, ETFs and certificates.
The bank, which has now become a leader in the European FinTech sector, also points out that, through its platform, customers have the possibility of directly accessing thousands of instruments traded on the main world markets, taking advantage of multi-channel functions.
A few weeks ago Finecobank disclosed the data on net inflows in January, which closed with flows of 323 million euro. The result was mainly affected by the leap in the managed component, which grew by 57% to 217 million euro, while the administered component stood at 161 million euro. Total assets increased by 15% compared to January 2019, exceeding 81 billion euros. TO Business Square the share travels today, February 20, down by 0,58% to 11,12 euros. Over the past six months, Finecobank shares have gained more than 26% of their value.
