Brokers

Fineco Bank portfolio tracker: benchmark your Fineco Bank portfolio against the S&P 500

We rebuild a Fineco history from your exported movements and separate the trading result from the tax and the charges booked around it. Fineco is a bank and a broker at the same time, so the money side and the securities side sit close together and one export can already cover both. Where the bank settles tax on your behalf, those deductions appear as money leaving the account, and they are cash flows rather than a fall in the value of what you hold.

What the file contains

Expect a dated list of movements: orders with a quantity and a price, the money that paid for them or arrived from them, income credited, deductions taken and charges booked. The instrument is named and normally identified by ISIN, and where you hold something quoted outside the euro the row carries a currency of its own.

The calculation takes those apart again. Orders build the average cost of each position, with the charge on the order kept separate from the price. Credits build the income, and a deduction taken next to a credit is recorded as tax rather than as a loss on the holding. Payments in and out build the timeline the index comparison follows. That last group matters most, because it decides whether a strong year belonged to your choices or to the size of your deposits.

How the import works for Fineco Bank

Fineco Bank goes through the column mapper. You point at the date, the type, the amount and the quantity column once, we save that mapping to your account, and later uploads from the same broker are read without a question.

We do not print a click path here, because menu names move between releases and a wrong one costs you more time than no one at all. Look for the transaction history or the account statement of your Fineco Bank account and take the machine-readable version of it over the PDF.

Take the movement list rather than the position overview, and take it from the opening of the account rather than from January. Where the export can be narrowed to one category, resist it: a file of orders alone leaves out the income and the charges, and both change the answer. Italian headings are no obstacle, since the columns are assigned once and the usual words for purchases, sales and dividends are recognised, but a description you cannot place is worth checking rather than accepting.

What to watch for with Fineco Bank files

Tax deducted inside the account. Where the bank settles tax for you, the deduction happens in the account rather than on your tax return. It lowers your cash on a date, and it is recorded as such, not as a change in the value of a position.

Balances in more than one currency. An account can hold money in several currencies at once. Moving between them is a conversion of your own money rather than a gain, even though the euro figure attached to it changes.

Income reduced twice. A dividend from a foreign company can be reduced in the country of the company and again at home. Where the export separates the deductions, both are kept, since together they explain the gap between the announced amount and the amount received.

A position list is not a history. The overview of what you hold today carries current prices and nothing else. No return, no cost basis and no income total can be derived from it, however carefully it is read.

What you see after the upload

Your file becomes a verdict first: your time-weighted return next to the S&P 500 and the Nasdaq 100 over the same period, with your own deposits replayed into the index so both sides carry the same timing. Under it sit your positions with their cost basis, the dividends you received and the income your holdings are expected to pay, your allocation across positions and currencies, and a year report you can keep for your records.

After a Fineco upload the annual report is the useful screen, because the deductions and the charges only add up to something recognisable across a full year.

You can look at all of that on the demo portfolio before you upload anything of your own. The first two weeks are free and no card is asked for.

Frequently asked questions

Are the tax deductions treated as losses? No. A deduction takes cash out of the account on a date, so it is recorded as a cash movement. The value of the holding itself is unchanged by it. Treating tax as a fall in value would understate the investment and overstate the effect of the deduction, and the two would then be impossible to tell apart afterwards.

What should I do about currency conversions? Leave them in the file. A conversion between two currencies you already own is not income and not a gain, and it is read as a movement rather than as a return. Removing those rows by hand tends to break the running cash balance, which is one of the checks that shows whether the import was complete.

Can I upload only the securities part? You can, and the result will be incomplete in a specific way. Orders alone give you positions and a cost basis with no income and no costs, so the return comes out too low while nothing on the screen looks wrong. If the export lets you choose categories, take all of them and let the reading sort them out.

How do I know the import covered everything? Check three things against the bank: the positions you hold now, the total you deposited, and the income for a year you remember. If the positions match but the income is missing, a category was left out of the export. If the positions are wrong, the range usually started too late, and a wider export is the fix.