Fineco pushes sales 30% up yoy

FinecoBank has recorded total net sales of € 4.3bn since the beginning of 2015, an increase of 30% compared with the same period in 2014.

In November, net sales came at €294m (-3% y/y).

Assets under management reached €2.3bn at the end of November, while assets under custody totaled €615m and direct deposits were equal to €1.4bn.

The private banking segment also performed positively, reaching total assets of €20.2bn at the end of November against.

Total net sales through the Personal Financial Advisors network amounted to €3.9bn (up by 30% compared to the same period in 2014).

Over 1,039 thousands customers at the end of November: 100 thousands new customers acquired since the beginning of the year, increasing by 8% compared to the period January – November 2014.

Alessandro Foti (pictured), CEO and General Manager of FinecoBank, commented: “This result confirms once again the full strength of structural trends in place in the Italian society, characterized by an increasing role of advisory and digitalisation.

“In this context, FinecoBank fully embraces the evolution of Private Banking segment, as confirmed by the outstanding growth of financial assets in this area over the last four years. Such strengthening is the result of advanced and transparent advisory activity, combined with technological services, key elements for more demanding customers.”

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