Net inflows since the beginning of the year amounted to €3,421 billion, up by +9% on an annual basis, of which €2,114 billion in assets under management (+216% compared to the first seven months of 2016) equal to 62% of total net inflows, 492 million in assets under administration, while direct deposits amounted to 815 million. In July alone, net inflows settled at 528 million (+10% y/y), of which 355 million in assets under management, confirming the continuous improvement in the asset mix.
Since the beginning of the year, deposits in “Guided products & services” amounted to 2,290 billion (+1% y/y), raising the incidence of the latter compared to the total AuM to 60% compared to 53% in July 2016 and to 56% in December 2016.
Inflows through the network of financial advisors in the first seven months of the year amounted to 3,133 billion, up 16% compared to the same period of 2016.
Total assets amounted to €64,165 billion (+7% compared to December 2016 and +12% y/y). In terms of customer acquisition, 71.081 new customers have been acquired since the beginning of the year (+5% y/y), of which 9.325 in July alone (+20% y/y). The number of total customers as at 31 July 2017 was approximately 1.169.000, up 7% compared to July 2016.
Alessandro Foti, Chief Executive Officer and General Manager of Fineco, declares:
“Also for the month of July, the very solid growth trend in premium income that is characterizing all the past months of 2017 is confirmed. These are results that once again testify to the long-term sustainability of a business model based on organic growth and characterized by quality, transparency and completeness of the offer. The month once again confirms the excellent response from customers to the advanced advisory solutions, with new flows in line with the bank's focus on the quality of the funding mix."
