Monex Group to Launch New Discretionary Investment Asset Management Service in Spring 2019

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


Monex Group to Launch New Discretionary Investment Asset Management Service in Spring 2019

December 12, 2018

investment asset managementJapan is witnessing increased demand for discretionary investment asset management services which exceeded ¥8 trillion by June 2018.

Monex-Saison-Vanguard Investment Partners, Inc., a subsidiary of Japanese financial giant, Monex Group has today revealed its plan to launch new discretionary investment asset management service. The new service is named “MSV COMPASS” and is based on the concept of “MSV LIFE “, the company’s online self-directed asset management service. The new service will be launched early spring next year.

The announcement was made on Tuesday, and the company said that the new investment management service will be targeted towards the firm’s wealthy clients and will combine robot and human support. According to the release, MSV COMPASS will be financial institution partners of the company with Akatsuki Securities, Inc. being selected as the first partner to offer the service.

The company, Monex-Saison-Vanguard Investment Partners, said that the conventional method of face-to-face service requires high investment amounts and commissions, and thus users are generally from wealthy class. But, when compared to online self-directed asset management services (robo-advisers) which the company plans to launch next spring, the offering is less expensive and will attract a lot of younger generation whose numbers are increasing.

The minimum investment amount required when investing with MSV COMPASS is ¥100,000 ($884), with accumulation and withdrawals available from ¥10,000. Overall, the company expects the annual costs of assets under management is estimated to be around 1.525 per cent, excluding tax.

For the new service, the company will perform all the aspects of asset management including selection of products and stocks to invest in. The users will able to keep all their investment details updated by checking on operational status, periodic reports, follow-up supports and also allow customisation through a personal “MyPage”.

The statement issued by the company noted:

“Together with financial institution partners, we will keep responding to the diversified asset management needs; from the needs of the customers who invest for the first time to those of the customers who want stable asset management of big money to provide for old age.”

With the launch of new service, The Monex Group is capitalising on increasing demand discretionary investment asset management services in Japan which as of June 2018 has exceeded ¥8 trillion, an increase of 20 per cent year-on-year. This has been one of the driving forces for the company to launch the new service. The ultimate investment target of MSV COMPASS as highlighted by the company is to achieve global diversification investments via exchange-traded funds (ETFs).

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