The assets of clients with individual consulting services increased to 1 billion PLN – Inwestycje.pl

The volume of assets accumulated by clients of the brokerage house of Allor Bank, using individual investment advisory services, amounted to 1 billion PLN at the end of October this year, Allor Bank reported. In the following months, the brokerage house hopes to maintain a similar growth rate for funds under management.

The individual advisory service, launched in January 2020, by Alior Bank’s Brokerage House, is intended for clients who want to transfer at least 1 million PLN to management – these are mainly people who have served in the private banking sector. The bank said that at the end of October of this year, their number increased to 500 people, and the accumulated assets amounted to 1 billion PLN.

“In less than two years, we have built a solution of the scale of a small TFI initiative. A pandemic emerged immediately after the service was launched, and our model is based primarily on the work of investment managers working closely with bankers in private banking branches. So their direct contacts with clients have been very limited. As you can see, many years of experience have led to the formation of relationships and the quality of the solutions provided, which is the most important in this field. The result obtained during these two years almost gives reason for satisfaction. But we have ambitious plans and we hope to implement them successively in the coming months. ” Quoting the press release, said Jacek Taraśkiewicz, Director of Investment Services and RBL_VC Division at Alior Bank.

The value of assets within the framework of individual consulting increases systematically not only by acquiring new clients, but also by increasing the participation of those who have been covered and satisfied with the service for a long time. It was noted that in the following months, the brokerage house hopes to maintain a similar growth rate of funds under management.

Allure Bank focuses on retail and corporate banking. Allure Bank’s subsidiaries are engaged in, among other things, leasing services, information technology, factoring and asset management. The bank began operating in November 2008. It made its debut on the Warsaw Stock Exchange in December 2012.

Source: ISBnews