Net inflows grow Fineco Bank in March. The bank of the Unicredit group, in fact, collected 657 million (+57% on an annual basis). In March, assets under management amounted to 401 million (+108%), and that in 'Guided products & services' amounted to 481 million (+33%).
In first quarter in 2017, net inflows amounted to 1.380 million, down on the 1.433 a year earlier. Of these, 846 million are from assets under management, 458 million from assets under administration while direct deposits amount to 76 million. Since the beginning of the year, deposits in 'Guided products & services' amounted to 1.029 million (+145%). Total assets amounted to 62.202 million (+13%).
Inflows through the financial advisor network in the first three months of the year amounted to €1.246 million, up 2% on the same period of 2016
At the level of customers, since the beginning of the year Fineco Bank has acquired 32.075 new customers, of which 10.644 in March alone (+14%). The number of total customers as of March 31, 2017 is more than 1.142.000, up 6% compared to March 2016.
“We continue to record – he declared Alexander Foti, Chief Executive Officer and General Manager of Fineco – extremely satisfactory results with a very solid collection. Also in March Fineco achieved high quality flows driven by organic growth, thus confirming the long-term sustainability of the business model”.
