FinecoBank S p A : PR - Total Net Sales December 2020

PRESS RELEASE

DECEMBER: BEST NET SALES EVER, RECORD HIGH AUM

NET SALES SINCE THE BEGINNING OF THE YEAR € 9.3 BILLION, AUM € 4.3 BILLION

• December net sales at € 1.6 billion. Asset under Management at € 791 million
• Net Sales in Guided Products at € 726 million
• FAM: December retail net sales at € 228 million, assets at € 16.3 billion
• Brokerage: estimated revenues in December +54% y/y, YTD +73% y/y

Milan, January 11th, 2021

In December, Fineco recorded its best net sales ever, at € 1.6 billion, +119% compared to the same month of 2019 (€ 721 million), gathered without short-term commercial initiatives. The asset mix recorded a strong contribution by Asset under Management, that broke a new record high at €791 million, increasing by 63% y/y (from € 485 million as of December 2019). Asset under Custody were equal to € 86 million and Deposits stood at € 706 million. Net sales since the beginning of the year reached €9.3 billion, +59% compared to 2019 (€ 5.8 billion), with Asset under Management at € 4.3 billion, +31% compared to 2019 (€3.3 billion).

Brokerage growth confirms its structural trend, thanks to both the reshaping of our offer and the enlargement of our base of clients. In December, revenues were estimated at € 16.5 million, +54% y/y. Estimated revenues since the beginning of the year reached around € 229 million, +73% y/y. Executed orders reached 46.8 million, +85% compared to 2019 (25.3 million).

RECORD HIGH AUM

BROKERAGE, CONTINUOUS GROWTH IN 2020

Alessandro Foti, CEO and General Manager of FinecoBank, commented:

"Oustanding December net sales figures, the best ever recorded by Fineco, are even more relevant considering the acceleration in Asset under Management during the last months of 2020. This confirms the ability of our financial advisors to meet our clients' needs, also thanks to the new products launched by Fineco Asset Management, and leads the way for new opportunities in the coming year. Brokerage ends 2020 with a particularly positive result, enhancing its revenues in every single month and highlighting the enlargement of the base of clients interested in investing in the markets".

figures in € million
TOTAL NET SALES	DEC 20	DEC 2019	JAN-DEC '20	JAN-DEC '19
Assets under management	791.1	484.5	4,295.8	3,272.9
Assets under custody	85.6	-206.9	2,481.7	-953.2
Direct deposits	706.0	443.8	2,505.6	3,520.7
TOTAL NET SALES	1,582.6	721.4	9,283.2	5,840.4

TOTAL FINANCIAL ASSETS	DEC 20	DEC 2019
Assets under management	45,381.5	40,505.4
Assets under custody	18,313.7	15,323.8
Direct deposits	28,014.0	25,589.7
TOTAL FINANCIAL ASSETS	91,709.1	81,418.8

Guided Products & Services, 2020 net sales at € 4.2 billion

Net sales in Guided Products & Services stood at € 726 million in December, increasing by 22% compared to December 2019 (€ 597 million). Since the beginning of the year, net sales totalled € 4.2 billion (+12% y/y). The penetration rate of Guided Products reached 74% on total Asset under Management compared to 71% at the end of 2019.

Total Financial Assets above € 91.7 billion. Private Banking reached € 38.6 billion, +15% y/y

Total Financial Assets were at a € 91.7 billion (+13% y/y). In particular, TFA related to Private Banking hit a new record at € 38.6 billion, increasing by 15% compared to € 33.4 billion in December 2019.

FAM, retail net sales in 2020 at € 2.1 billion, +25% y/y

Fineco Asset Management retail net sales in December amounted to € 228 million. Since the beginning of the year, retail net sales were € 2.1 billion (+25% from € 1.7 billion of 2019). As of December 31st, 2020 FAM managed € 16.3 billion of assets, of which € 10.5 billion retail class (+26% y/y) and € 5.8 billion institutional class (+6% y/y).

Over 11,000 new clients in the month

In December, 11,058 new clients have been acquired, confirming the trend highlighted after the announcement of the Smart Repricing on our banking services with a better quality of new customers, and an increase in average Total Financial Assets of new current accounts. Total number of customers reached 1,369,814 as of December 31st, 2020.

figures in € million

PFA NETWORK NET SALES	DEC 20	DEC 2019	JAN-DEC '20	JAN-DEC '19
Assets under management	766.7	480.1	4,285.1	3,278.5
Assets under custody	20.6	-205.0	1,698.3	-797.6
Direct deposits	456.9	266.8	2,000.9	2,640.1
TOTAL NET SALES	1,244.2	541.9	7,984.2	5,121.0

PFA NETWORK TFA	DEC 20	DEC 2019
Assets under management	44,893.8	40,012.3
Assets under custody	13,622.9	11,467.4
Direct deposits	21,127.2	19,207.7
TOTAL FINANCIAL ASSETS	79,644.0	70,687.3
EXECUTED ORDERS	DEC 20	DEC 19
Equity Italy	18,520,281	12,311,658
o/w internalized	4,807,638	3,315,551
Equity US + other markets	10,517,802	4,190,797
Bonds	695,535	760,454
Derivatives	9,904,830	3,707,601
o/w internalized Italy	893,480	340,438
CFD	3,441,799	1,598,541
Other	3,704,679	2,778,097
TOTAL EXECUTED ORDERS	46,784,926	25,347,148

FinecoBank

FinecoBank is one of the most important FinTech banks in Europe. Listed on the FTSE MIB, Fineco offers a business model that is unique in Europe, combining the best platforms with a large network of financial advisors. It offers a single account with banking, trading and investment services, on transactional and advisory platforms developed with proprietary technologies. Fineco is a leading bank in brokerage in Europe, and one of the most important players in Private Banking in Italy, offering advanced and tailor-made advisory services. Since 2017, FinecoBank has also been in the UK with an offer focused on brokerage, banking and investment services. Fineco Asset Management was founded in Dublin in 2018, with a mission to develop investment solutions in partnership with top international asset managers.

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