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FinecoBank, funding boom in March: +704 million

That's a leap of 69%. Since the beginning of 2015, on the other hand, total net inflows have risen to 1,61 billion euro, up 53% on an annual basis – the increase in assets under management alone is even greater.

FinecoBank, funding boom in March: +704 million

2015 is off to a good start Fineco, which in the first three months of the year recorded a total net funding of 1,61 billion of euros, in growth of 53% every year. This was announced this morning by the multi-channel direct bank of the UniCredit group. 

Total net funding through financial advisors rose by 53%, to 1,45 billion, while managed collection it stood at 1,2 billion, an increase of 92%. 

“We are very satisfied with this result, we close the first three months of the year with the best inflows ever”, commented Alessandro Foti, CEO and General Manager of Fineco.

In the month of March total net inflows reached 704 million (+69% year-on-year) and assets under management reached 569 million. 

At the end of last month, total assets amounted to 53,71 billion, respectively +9% and +18% compared to December and March 2014. Fineco's customers have risen to 988 thousand, of which 31 thousand new since the beginning of January.

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