For Fineco the end of the year toast was really with a bang. In December, it not only brought on board more than 8.500 new customers, but also registered one record collection, confirming a total amount of over 10 billion for the second consecutive year.
The Fineco share on Piazza Affari ended the morning at 16,68 euros, up by 0,27%.
December harvest: flows rose to an all-time high
The collection of Fineco has seen a December streams have touched the historical maximum of 1,589 billion euros (+13% compared to 1,4 billion in the same month 2021). There managed component stood at 628 million, the administered one to 739 million, while the direct is equal to 222 million.
Throughout 2022, the net collection it exceeded the threshold of 10 billion for the second consecutive year, with the managed component at 3,6 billion and the administered component at 5,6 billion.
Foti: “we have a wide and diversified offer”. Brokerage revenues are growing.
“In a year characterized by substantial uncertainty on the financial markets, the exceptionally robust December funding figure significantly confirms the customer trend to continue and in many cases to accelerate their own investment path” commented the CEO and General Manager of Fineco, Alexander Foti. “This approach, highlighted throughout 2022, was favored both by the ability of our advisors to assist savers in a particularly complex phase, and by aproduct offer wide and diversified offer from Fineco Asset Management. The new passive solutions and protected funds have enabled Fineco customers to efficiently reposition their portfolios, protecting their savings against inflation and paving the way for new growth opportunities for the year ahead”.
Brokerage revenue in December they are estimated at 11 million (+8% compared to the average for the months of December in the 2017/2019 period), confirming their solidity in a month characterized by the usual seasonality and by particularly low volumes, and bringing the estimate of revenues from the beginning of the year to about 191 million. 2022 million executed orders were recorded in 43,7, a statement said.
Fam, December retail funding of 433 million, assets at 25,9 billion
Fineco Asset Management in the month of December has recorded with approx 433 million in retail funding the best monthly result over the course of 2022. “Customer interest has focused in particular on new products aimed at prudent investors, characterized by high protection: even the second edition of the Fam Smart Global Defense 2028 was in fact entirely posted within a few hours".
La harvesting from 2022 is equal to 2,8 billion for the retail classes and 1,8 billion for the institutional ones, bringing the total assets of Fam to 25,9 billion: 15,8 billion in the retail component (+4% per year) and 10,1 billion in the institutional one (+5% per year). The incidence of the retail component compared to the total assets of the Bank rose to 30,3% compared to 27,3% a year ago.
Total assets at 106,6 billion from 107,9 billion due to the market effect
Il total assets is equal to 106,6 billion, compared to 107,9 billion in December 2021 due to themarket effect which was greater than the impact of the collection. In particular, private banking assets amounted to 45,3 billion.
Over 8.500 new customers in December
In December they were acquired 8.531 new customers, confirming the improvement trend of the customer base most interested in investing, with the simultaneous increase in the total financial assets relating to the new accounts opened. The number of total customers as at 31 December 2022 it stood at 1.487.250.
