Finebank's net inflows for the month of July amounted to €481 million, recording an increase of 31% compared to the same month in 2015 and bringing the year-to-date figure to €3.131 million (-€68 million compared to the same period last year).
The growth trend of “Guided products & services” is accelerating sharply: in July the best inflows figure since the beginning of the year was recorded, equal to € 588 million (+267% y/y), bringing the 2016 total to € 2.263 million and raising the incidence on the total AuM to 53% from 42% in July 2015 and from 45% in December 2015.
In July, assets under management amounted to €354,8 million, assets under administration to -€137,5 million and direct assets to €264,1 million.
Inflows during the month through the network of financial advisors amounted to €419 million, an increase of 24% compared to July 2015.
The acquisition of customers by Finecobank continues: since the beginning of the year, more than 67.400 new customers have been acquired (of which more than 7.770 in July alone), substantially in line with the approximately 68.700 acquired the previous year. Total customers as of July 31, 2016 are more than 1.094.000, up 8% compared to July 2015.
Total assets amount to €57.244 million (+3,5% and +5,1% respectively compared to December and July 2015).
Alessandro Foti, Chief Executive Officer and General Manager of Fineco, declares in this regard: “The month of July recorded sustained collection data, which testify to a strong appreciation by customers for advanced consultancy services. This is a particularly significant result because it confirms savers' greater attention towards professional management of their assets, which translates into more mature choices even in the face of periods of high volatility."
