The operator of the artificial intelligence (AI) investment service 'Pint,' December and Company, noted on the 30th that as of the end of last month, 81% of domestic robot advisor (RA) discretionary service clients are Pint customers.
December and Company explained that in an achievement tally conducted to mark the 6th anniversary of Pint's launch, it was revealed that 65% of the operating amount of RA discretionary contracts is being managed by Pint. RA discretionary contracts mean that investors delegate the authority to make judgments regarding asset allocation and investment according to the strategy of the robot advisor.
The average investment amount per person, combining general accounts and pension accounts, has increased nearly fourfold from 1.78 million won in 2020 to 7.08 million won this month. The total aggregates of Pint's RA discretionary accounts currently stand at 427.3 billion won.
The company explained that while the domestic stock market remained sluggish compared to the booming U.S. stock market, the accumulated revenue of the 'December Korean Stock Solution' recorded 39.8% as of the 25th, significantly exceeding the KOSPI 200's 2.3% increase during the same period.
Investors aged 40 and older have also increased from 17% in 2020 to 59% recently, more than tripling. A representative of December and Company said, "The initial stage, dominated by early-adopter MZ generation (born between 1980 and 2000) clients, has evolved, with a significant increase in the middle-aged and older demographic that has ample investment experience and disposable income, coming closer to the popularization of the service."
December and Company stated that it will continue to grow by expanding services to include pension savings and non-retirement accounts. Following January's advisory on Individual Retirement Pension (IRP), they launched an advisory service for Individual Comprehensive Asset Management Accounts (ISA) last month. On the 15th of this month, they also unveiled the 'December Pint IRP Discretionary Service' in collaboration with Samsung Securities and Korea Investment & Securities.
By introducing the first retirement pension algorithm of the exchange-traded fund (ETF) type in the industry, it has enabled the operation of each mode as a fund and ETF. Investors can choose from five investment modes targeting domestic and global markets based on their investment preferences. Pint plans to sequentially launch services in collaboration with KB Kookmin Bank, NH Nonghyup Bank, IBK Industrial Bank, and KB Securities within the year.
Song In-seong, the representative of December and Company, said, "This year, leveraging our expertise and know-how specialized in long-term operation, we will not only successfully settle in the retirement pension discretionary market but also lead innovation so that Pint can be reborn as a hub for financial investment services."