Samsung Asset and Quarterback Asset Launch Robo-Advisor Discretionary Service for Retirement Pensions

Samsung Asset Management will start a robo-advisor discretionary asset management service through Samsung Securities from the 14th, based on an algorithm jointly owned with Quarterback Asset Management, a robo-advisor specialized asset management company.

A robo-advisor is a non-face-to-face asset management service where an algorithm based on artificial intelligence (AI) and big data technology analyzes the investor's preferences, goals, and market conditions to automatically construct and manage a portfolio. The core is that investors do not need to select products or make transactions themselves, as the robo-advisor manages the entire process on their behalf. Due to its cost efficiency and accessibility, it is widely used as a representative mid- to long-term asset management tool in major retirement pension plans such as the 401(k) in the United States.

The retirement pension robo-advisor discretionary service utilizes an algorithm jointly owned by Samsung Asset Management and Quarterback Asset Management. Using a verified algorithm that has passed the Koscom testbed, it automatically generates customized portfolios according to investor preferences. This service instructs the management of individual retirement pension (IRP) savings. Subscribers do not directly instruct the management of their savings; instead, the robo-advisor of the discretionary investment manager instructs the management on behalf of the subscriber. The subscription limit is 9 million KRW per IRP account annually, increasing by 9 million KRW each year, and any remaining limit can be carried over.

A representative from Samsung Asset Management stated, "Based on the accumulated know-how in retirement pension management and marketing capabilities, we plan to collaborate with Quarterback Asset Management to stably provide RA services to more retirement pension customers," and added, "We will continue to strive to provide investors with innovative digital-based investment solutions."

Founded in 2015, Quarterback Asset Management is an asset management company that has accumulated related technology and raised awareness since the early days of the domestic robo-advisor market. Operating its own pension research institute, it has acquired know-how in the retirement pension market and is developing strategies specialized in managing individual retirement assets.