FinecoBank it closed the month of September with net inflows of 224 million euro, which, after 229 million in August, bring the figure since the beginning of the year to 3,58 billion. The multi-channel bank of the unicredit group writes it in a note, specifying that the result for the first 9 months is down by 3% compared to the same period last year.
In detail, in September assets under management amounted to 264,7 million, while assets under administration stood at 146,1 million and direct assets at -186,5 million. In August, on the other hand, assets under management amounted to 166,6 million, administered assets to 117,3 million and direct assets to -54,5 million.
Since the beginning of the year, funding through the network of financial advisors has totaled 3,12 billion, down by 8% on 2015. The strong growth trend of Guided products & services has continued – underlines Fineco: since the beginning of the year, funding in such products was 2,86 billion, of which 381 million in September (more than 16 times compared to last year).
The incidence on the total AuM rose to 54% compared to 43% in September 2015 and 45% in December 2015. Since the beginning of the year, 81.925 new customers have been acquired, of which more than 8.500 in September, for a total number of approximately 30 customers as of last September 1.101.500 (+7% on 2015).
Total assets amounted to 57.562 million, respectively +40% and +9,6% compared to December and September 2015.
“The month of September also shows an important inflow result, particularly in the context of advanced advisory solutions”, comments Alessandro Foti, CEO and managing director of Fineco.
