Samsung Securities Completes Asset Management with One All-in-One Wrap... Surpasses 200 Billion KRW in 5 Months

[Asia Economy Reporter Park Jihwan] Samsung Securities is selling an All In One discretionary wrap account that can include various products such as domestic stocks, overseas stocks, funds, and ELS. A discretionary wrap account refers to a discretionary asset management service where the customer and the securities company enter into an investment discretionary contract, and the customer's assets are managed by branch PBs or head office management personnel.

Previously, to subscribe to each product, separate subscription documents and recording processes had to be completed for each product. However, with the All In One wrap account, portfolio adjustments can be easily made through a single discretionary contract and in a manner pre-agreed with the customer via phone or other means. This highlights the advantage of timely responses according to market conditions.

In particular, there are no additional fees beyond the wrap account management fee when trading stocks or ETFs, allowing flexible responses to the rapidly changing stock market. However, transaction taxes and other levies apply, and local broker fees may be incurred for overseas stocks.

Furthermore, the head office provides PBs with asset-specific universes and recommended model portfolios to support customized management reflecting customers' investment needs. Customized comprehensive management reports are provided quarterly, allowing customers to check the management status at any time.

Since its launch in April, the All In One wrap account has achieved sales of 237.5 billion KRW in just five months until the 24th. Especially, from June, with the enforcement of the Financial Consumer Protection Act, customers investing in high-difficulty financial investment products must undergo product-related explanation recordings each time, but with the All In One wrap account, this is only required at the initial contract.

A Samsung Securities official stated, "The All In One wrap account has the advantage of freely incorporating various products and enabling customized asset management through experts, making it more notable in today's highly volatile market," and emphasized, "In the future, by expanding the eligible products to include on-market bonds, it can be utilized as a true comprehensive asset management account."