FinecoBank launches service for asset protection and tax efficiency
Italy’s FinecoBank, part of UniCredit Group, has launched CoreUnit, a new insurance unit linked offering package solutions specifically tailored to different client profiles.
CoreUnit aims at improving the already-existing advisory service offered by FinecoBank’s financial advisers.
CoreUnit is thought to provide higher level of tax efficiency on FinecoBank’s multi-brand platform. The new approach, which is said to be unique in the Italian landscape, will also provide clients with a series of other services, such as a plan of periodic dividends, dynamic stop loss, a programme of investments and automatic portfolio rebalancing.
CoreUnit is meant to optimise the client’s product selection process taking advantage of the online platform where FinecoBank’s financial advisers select products for the bank’s clients.
Carlo Giausa (pictured), head of investment services at FinecoBank, commented: “CoreUnit allows us to create package solutions tailored on our clients’ needs according to their investment profile and risk appetite.”
“The new product, an insurance unit linked, is dedicated exclusively to our financial advisers’ clients, and it is a customized solution, created to provide personalised asset allocation within highly diversified fund selection.”
CoreUnit has been developed in cooperation with investment platform Skandia.
FinecoBank, part of the UniCredit Group, is Italy’s first direct bank, with €40bn in total financial asset, and one of the major distribution networks in the country, with €800m net inflows (March 2013, Assoreti figures).