NH Investment & Securities announced on the 28th that it has launched a retirement pension robo-advisor discretionary service.
The retirement pension robo-advisor discretionary service is an artificial intelligence (AI) automated investment service where a robo-advisor composes and adjusts the portfolio according to the customer’s investment propensity in individual retirement pension accounts (IRP).
Robo-advisor is a compound word of "robot" and "advisor". It refers to an asset management service that automatically composes and manages portfolios based on algorithms rooted in AI big data technology, analyzing the investor’s propensity and market conditions.
NH Investment & Securities recorded a cumulative average return of 22.19% over 1 year and 4 months from December 11, 2022, to this month’s 25th at the KOSCOM robo-advisor testbed operated by the Financial Services Commission. The cumulative average return of the top 10 algorithms is 31.93%, which is higher than competitors.
The service can be subscribed to 24 hours a day through the NH Investment & Securities mobile app (MTS). NH Investment & Securities plans to expand and provide the retirement pension robo-advisor discretionary service, starting with its non-face-to-face platform Namoo MTS, up to the comprehensive asset management platform QV MTS in June.
A service launch commemorative event will also be held.
The first event is the "Namoo IRP retirement pension robo-advisor subscription event." The deadline is by June 30th. During the event period, customers who contract the service for more than 1 million won through the Namoo IRP account will be entered into a draw, with 1,000 winners receiving a mobile gift certificate worth 30,000 won. However, the contract must be maintained until July 31st, and the mobile gift certificates will be distributed in August.
The second event is the "QV IRP retirement pension robo-advisor pre-reservation & subscription event." The deadline is by June 30th. Customers who apply for the pre-reservation event through QV MTS within the period and then maintain the contract for the discretionary service until July 31st will receive a mobile gift certificate worth 10,000 won in August.
Lee Jae-gyeong, Vice President of the Retail Business Division, said, "This service will alleviate the complex investment concerns of retirement pension subscribers and contribute to improving long-term revenue."