FinecoBank has announced the expansion of its investment products with a suite of funds from Fidelity International. With the new funds from this global asset manager, Fineco clients in the UK now have access to a wide variety of investment strategies and asset classes.
This announcement follows partnerships with Algebris, Aberdeen Standard Investments, M&G Investments and Columbia Threadneedle Investments in the last year as the company continues to build out its investment offering.
Launched in 2017 in UK, FinecoBank, is a multi-currency bank and has built an integrated business model proposing customers its One-Stop-Solution: it offers a single account covering banking, credit, trading and investment services through innovative transactional platforms developed with proprietary technologies.
Fineco says its mission is to simplify customers’ lives when dealing with financial services.
Paolo Di Grazia, deputy general manager, Fineco, said:
“Our investment offering for UK clients has gone from strength to strength this year. Fidelity provides world class solutions for its clients and we are delighted to be able bring these investment options to our UK customers. This partnership is a further step in our UK mission. We are focused on expanding our investing platform this year and our goal is to offer UK customers access to more than 70 investment houses a breadth of products within the next year.”
Fineco launched in the UK just over two years ago with an integrated offering providing trading, banking and investing services through a single account in up to 13 standard currencies.
John Clougherty, Head of Wholesale, Fidelity International, added:
“Investing requires a continuous research commitment to build a deep understanding of what is driving industries and individual businesses. At Fidelity, we provide world class investment solutions which are underpinned by our global in-house research team. I’m pleased we can now extend this offering to Fineco’s clients who will benefit from our global analyst network, where locally-based research teams can uncover investment ideas others might miss.”