Italy’s FinecoBank, the direct multichannel bank of the UniCredit group offering online as well as advisory services, has posted €629m net inflows in December, 101% up compared the same month last year.
The bank also posted total net inflows of €4bn since the start of 2014, 61% up compared to 2013, the bank also said. Of this amount, €3.60bn came from FinecoBank’s networks of financial advisers, who also managed to go 41% above last year’s results.
Total AUM has reached €404m throughout the year, the company also said.
At the end of 2014, FinecoBank had 964,000, 103,000 of which were acquired in 2014 only, 15% up compared to 2013.