Finecobank's net funding in September was positive for 545 million euro, compared to 197 million a year ago. The same company reports it in a note in which the accounts are made for the first 9 months of the year. There net inflows totaled 6,4 billion, up 46% compared to €4,3 billion collected in the first nine months of 2019. The asset mix sees assets under management amounting to €268 million and assets under administration amounting to €147 million, while direct funding amounted to €131 million.
"The structural growth of the brokerage, supported by the review of the offer and expansion of the base of customers active on the platform - reports the Finecobank note - has seen estimated revenues for the month of September rise to 18 million, +57% compared to a year ago. From the beginning of 2020, estimated revenues are around 179 million, +85% year on year".
“The robust data relating to inflows in September confirms the positive trend also for the third quarter of 2020, where the excellent result of the managed component emerges, which doubled compared to the same period a year ago, highlighting the ability of the financial advisor network to intercepting customers' needs”, is the comment of the managing director Alessandro Foti. “The contribution of Fam is particularly important, able to promptly propose new products that are particularly appreciated in this phase of the market. The now structural growth of brokerage is once again confirmed, thanks to the increase in the customer base interested in interacting with the markets and the constant updating of the platform with new services and functions”.
