Fineco, record inflows of 1.9 billion in March

March confirmed the acceleration of Fineco's growth path, with a new record in total inflows (amounting to €1,882 million, +70% year-on-year) and a further increase in the acquisition of new customers (over 20,000, +26% year-on-year). Fineco announced this in a note. The inflows figure, it is emphasised, thus updates Fineco's historic high for the third time in the last four months, while at the same time highlighting high quality among new customers.

The asset mix, Fineco explained, showed a managed component of 297 million euros, with Fineco Asset Management's retail funding amounting to 150 million. The direct component amounted to -369 million euro, reflecting the high level of brokerage clients' transactions on equity and bond markets given the correction recorded in the month, also characterised by the auction of the BTp Valore. Against this backdrop, administered funding amounted to 1,954 million and proved to be a strategic lever of the Fineco model, contributing significantly to the growth of brokerage revenues, estimated at around 28 million in the month (+23% year-on-year) and 73 million since the beginning of the year (+6% year-on-year).

"The March funding figures highlight Fineco's ability to respond to savers' new financial needs, confirming the attractiveness of our business model. The acceleration in net inflows went hand in hand with an increase in the number and quality of new customers, confirming a greater propensity towards investments also through direct interaction with the markets. In this context, the role of the Network of Financial Advisors remains fundamental in accompanying savers in efficient, long-term planning, responding to the increased demand for transparency also thanks to advanced advisory services," said Alessandro Foti, chief executive officer and general manager of Fineco.