Italy’s FinecoBank has unveiled a new private banking project that aims to provide high-level training courses, focused on wealth planning and leadership, to 250 advisory professionals of the bank’s network.
Fineco’s private banking model, with assets totalling €22.2bn, will focus on developing “leading advisors” and enhancing their interaction with the bank’s dedicated unit, which will be led by Carlo Giausa (pictured), head of Investments and Private Banking.
The project aims to strengthen Fineco’s positioning in the private banking market, making it a magnet for professionals by providing training courses and creating dedicated products and services.
While the bank already offers target-based financial advice (fee-only and traditional), asset management, services for protecting and passing on personal and corporate assets, legal and tax advice and general transition management, it will now offer new services for business-owner clients.
This new services include access to private credit through closed-end funds to participate in corporate finance and designated funds for accessing all credit opportunities; and private equity, with closed-end funds enabling clients to hold corporate equity “indirectly”.
In addition, in the insurance segment, Fineco will offer Italian and foreign insurance funds, as well as personalised insurance protection solutions.
“In recent years Fineco has succeeded in further establishing itself as the benchmark for private clients, with particularly high growth rates. This project is therefore the natural evolution of the bank’s positioning, achieved thanks to a model based on service quality, transparency and fair pricing. There was a need to offer services dedicated to this particular client segment as well as the necessary bespoke assistance for our advisors operating in the sector,” Giausa said.