Fineco's funding continues to rise: in the first five months of the year it reached 2,4 billion with a 9% leap. In the month of May alone, net inflows amounted to 464 million (+9% annually), with a continuous improvement in the asset mix compared to the previous year. In May, assets under management amounted to 308 million (+159%). Inflows through the financial advisor network in the first five months of the year amounted to €2.216 million, up 15% on the same period of 2016.
Going back to the first 5 months, 1,4 billion are assets under management, 478 million are assets under administration while direct deposits amount to 496 million. Since the beginning of the year, 52.378 new customers have been acquired, of which 10.851 in May alone (+12% year on year). The total number of customers as at 31 May 2017 was approximately 1.155.000, up 7% compared to May 2016. Total assets amounted to 63.423 million (+5% compared to December 2016 and +13% year on year).
