FinecoBank today announces the launch of its investment offer to UK clients in partnership with M&G.
The partnership means Fineco can offer its UK clients a choice of 80 funds, with a range of different investment strategies available. Funds will be accessible via Fineco investment platform at a competitive fee of 25 basis points per year.
M&G’s position as one of the leading investment houses in the UK makes it a logical fit with the bank. This is Fineco’s first partnership with an investment house in the UK, however there are plans for others to be added to bank’s platform in the coming months.
Fineco launched in the UK just over two years ago with an offer focused on trading banking and investing services, which can be managed through a single account, with the ability to hold up to 13 currencies as standard. In the last two months, they announced the addition of Chinese Yuan to this list of currencies available to UK clients, and the addition of the Canadian Stock Exchange to its extensive portfolio of stock options.
Paolo Di Grazia, Deputy General Manager: “As the one-stop shop of financial services, we’re delighted to be able to offer our UK customers a further opportunity to invest, in addition to trading and banking. “Working with one of the biggest players in the market as our first partnership is an excellent starting point. M&G provides some of the most diversified portfolios available to suit a range of different risk appetites. This means that we can offer the very best options to our customers, whilst maintaining extremely competitive prices. We expect to set up further partnerships with important investment houses in the coming months, continuing to enhance our position in the UK market.”
Jonathan Willcocks, Global Head of Distribution, M&G added: We’ve had a strong relationship with Fineco for more than 10 years in Italy and are delighted to be able to join forces with them for the UK market. It’s a unique and sophisticated offering with an international focus and the breadth of our investment strategies will be available on it.”