FinecoBank expands investment offering with Aberdeen Standard Investments’ suite of funds

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UK-based multi-currency Bank, FinecoBank today announced the expansion of its investment products with the addition of a suite of funds from Aberdeen Standard Investments (ASI). The development will allow the Bank’s clients in the UK to gain access to a new set of funds that represent investment strategies and asset classes.

Paolo Di Grazia, deputy general manager, Fineco said, “We are committed to providing in the next few months our customers in the United Kingdom with the best asset managers’ offering, aiming to add a wider number of funds of 70 partners, today available on our Italian investment platform. Fineco chose Aberdeen Asset Management for the firm’s expertise and quality of offering: the current market phase has shown why investors need access, at a competitive fee, to the best quality asset managers who can thrive in changing market conditions.”

According to FinecoBank, the ASI funds will be available through the Bank’s Investment platform for a cost of 25 basis points per year. The Bank offers trading, banking and investing services through a single account with the ability to hold up to 13 currencies as standard.  Recently, the Bank launched its zero-commission trading solution aimed at professional traders. The solution is expected to offer customers trading at the same price as the stock exchange, with no spread, commission or hidden costs.

Campbell Fleming, Global Head of Distribution, Aberdeen Standard Investments, said, “Fineco is one of our key partners in Italy, and our efforts to extend this partnership offering to the UK will help support a wider customer base in this market. Our global presence and our knowledge of individual markets allow us to be the partner of choice for our customers whether operating in a single country, or as in this case, planning to expand their presence on a larger scale. ASI is committed to offering Fineco its full range of solutions and provide all the necessary support to achieve its objectives in the UK market.”