Since the beginning of 2015, FinecoBank, a subsidiary of Unicredit, has recorded record net inflows, totaling 2,106 billion euros, with an increase of 50% compared to the same period of 2014. Total net deposits through the network of financial advisors amounted to 1,909 billion (up by 53% compared to the period January-April 2014).
In April alone, net inflows amounted to 494 million (+42% y/y), while assets under management reached 340 million, and from the beginning of the year stood at 1,538 billion (an increase of 84% y/y). Over 994 thousand total customers at the end of April: over 40 thousand new customers have been acquired since the beginning of the year, an increase of 9% compared to the same period of the previous year.
Alexander Foti, Chief Executive Officer and General Manager of Fineco, declares: “The figure confirms a trend that makes us even more satisfied because it is the result of a strategy aimed at encouraging growth along internal lines. We are particularly gratified by the trust that thousands of new customers place in us every month, thanks to a business model capable of offering cutting-edge digital services in a single solution, with the support of a large network of financial advisors.”
