Korea Investment & Securities Co. is joining hands with accounting firm SamilPwC to advance services for ultra-high-net-worth individuals and family offices.
Korea Investment Holdings subsidiary Korea Investment & Securities Co. said on the 29th that it signed a memorandum of understanding (MOU) with SamilPwC to provide integrated asset management services for ultra-high-net-worth individuals.
The agreement was prepared to offer integrated asset management services that combine expertise in each field, including financial investment, asset succession, and tax and finance advisory, for ultra-high-net-worth individuals and corporate owner clients.
Through this agreement, the two companies plan to cooperate in a range of areas, including strengthening asset succession solutions for wealthy individuals and corporate owners, global asset management and asset transfer advisory, and co-hosting private conferences. They plan to provide differentiated strategies and customized integrated solutions to ultra-high-net-worth clients.
Korea Investment & Securities Co. currently provides tailored solutions and family office services for each client—covering global investment, asset succession, and real estate—through GWM, its dedicated unit for ultra-high-net-worth individuals. It has also built and operates a one-stop care platform through partnerships with specialized institutions in tax accounting, legal affairs, and real estate.
SamilPwC launched SamilPwC Heritage Center, a dedicated comprehensive advisory unit for high-net-worth individuals, in March. The center offers integrated advisory services for high-net-worth clients, including designing efficient asset succession structures, global asset transfers, business and alternative investment advisory, and establishing family offices.
Kim Do-hyun, head of the retail client group at Korea Investment & Securities Co., said, "Combining Korea Investment & Securities Co.'s asset management capabilities with the tax and finance advisory capabilities and global network of SamilPwC Heritage Center will create strong synergy," adding, "We will continue to strengthen differentiated asset management services that can respond to the complex needs of ultra-high-net-worth clients."
Shin Sang-woo, head of SamilPwC Heritage Center, said, "This agreement will enable care not only for the personal assets of high-net-worth individuals and corporate owners but also across their businesses," adding, "We will strengthen one-stop services that consider the family's long-term growth and sustainability."