In 2016 FinecoBank registered a net inflows of €5.036 million (-8% compared to the record results of 2015), of which € 889 million in the month of December alone, confirming its healthy and sustainable growth strategy without resorting to any type of short-term offers on interest rates. The high quality is also confirmed by the constant prevalence of a strong organic component equal to 89% of the total.
The strong growth trend of the “Guided products & services”: in 2016 premium income amounted to €3.877 million (+14% y/y), of which €411 million in December alone (+15% y/y). The incidence on the total AuM is equal to 56% compared to 45% in December 2015. In 2016, assets under management amounted to €1.782 million, assets under administration amounted to €347 million and direct assets to €2.908 million .
Inflows through the network of financial advisors amounted to €4.338 million, down 12% compared to 2015. Total assets amounted to €60.195 million (+9% compared to December 2015). In detail: the balance of assets under management is up 9% y/y, settling at € 28.608 million; the balance of assets under administration amounted to €13.078 million (-3% y/y), while the balance of direct deposits amounted to €18.509 million (+18% compared to the end of 2015).
In particular, total assets attributable to customers in the Private Banking segment, i.e. with assets exceeding €500.000, amounted to €22.245 million, up 10% y/y. In terms of customer acquisition, approximately 2016 new customers were acquired in 109.700 (of which about 9.500 in December alone). The total number of customers as at 31 December 2016 was 1.117.515, up 7% compared to December 2015. As regards the brokerage business, since the beginning of 2016, 27,8 million orders have been executed, a figure line compared to 2015.
