Quantit Investment Advisory joined hands with BNK Busan Bank and BNK Kyongnam Bank to roll out an installment automatic investment service for individual retirement pension (IRP) accounts.
Quantit Investment Advisory said on the 18th that, together with BNK Busan Bank and BNK Kyongnam Bank, it launched a retirement pension installment automatic investment service that combines an automatic transfer function for investment funds.
A key feature of the service is that, once investors set up automatic transfers at the enrollment stage, they can handle everything at once from accumulating funds to management and rebalancing. The company said it reduces the hassle of having to make deposits directly every month and can also deliver the benefits of diversification.
In particular, convenience is expected to improve for investors who use IRPs for year-end tax credit purposes. For example, by setting a fixed amount to be paid automatically each month, they can reduce the burden of making a large lump-sum payment at year-end.
Quantit Investment Advisory offers a discretionary investment service that uses an artificial intelligence (AI)-based investment algorithm. It builds portfolios using funds and exchange-traded funds (ETFs) by analyzing investor profiles and market data, and adjusts asset weights based on market conditions.
It also runs portfolios based on a target date fund (TDF)-style strategy that reduces the share of risky assets as retirement approaches. According to the company, the cumulative returns for the conservative versions of its flagship portfolios "All-Star Autopilot 2050·2060" were 36.49% and 36.34%, respectively, based on the Robo-Advisor Testbed Center.
Quantit Investment Advisory has provided an individual retirement pension discretionary investment service through Woori Bank since last year and plans to expand its push into the retirement pension market through this collaboration with banks affiliated with BNK Financial Group.
Song Seong-hwan, CEO of Quantit Investment Advisory, said, "By using the installment automatic investment service, we aim to automate the entire sequence of steps needed for investing so investors can manage their retirement assets more stably."