The companies, products and regulatory developments shaping the broker industry.
Fineco’s Investing, Brokerage and Banking contribution figures sum to 101.3% of reported net non-financial income. The difference shows that management’s product view is not a set of additive accounting segments.
FinecoBank reported €13.129bn of nine-month net sales. Reconstructing the flow mix shows €9.2bn went to custody, changing the economic meaning of the headline without diminishing the platform growth.
Fineco reported 25,810 new October clients and 1,964,844 total at month-end, following a September total of 1,944,070. Nine-month revenue rose 12%, while brokerage income advanced 13.2%.