Launch of AI-Based Customized Pension Management Solution 'M-ROBO'
Mirae Asset, the No. 1 Player in the Pension Market, Expected to Lead as a Core Platform in the 'Pension 2.0 Era'
Mirae Asset Global Investments held a press conference on the 15th at the Yeouido FKI Conference Center to introduce 'M-ROBO,' a robo-advisor dedicated to retirement pensions.
M-ROBO is the first retirement pension-dedicated robo-advisor service launched by a comprehensive domestic asset management company.
M-ROBO is an AI-based pension management solution that comprehensively analyzes investors' age, preferences, target returns, and automatically designs an optimized portfolio, rebalancing according to market changes. It is designed to efficiently manage pension accounts by automating practical investment decisions beyond simply presenting model portfolios.
Lee Jun-yong, Vice Chairman of Mirae Asset Global Investments, said, "Innovation in the retirement pension market must go beyond competition in fund size to actual return management," adding, "M-ROBO is a platform combining Mirae Asset’s AI technology and investment philosophy, and will be a representative solution for the 'Pension 2.0 era,' enabling anyone to easily and systematically manage their retirement pension."
Mirae Asset Global Investments presented a mid- to long-term vision responding to structural changes in the retirement pension market along with AI-based retirement pension asset management strategies. Son Su-jin, Head of the ETF Pension Marketing Division, said, "Although the retirement pension market is growing rapidly, most investors feel burdened by direct management or rely only on indirect investments such as TDFs, and there is a lack of strategy for the so-called 'moderately engaged customer segment' with intermediate investment interest."
She continued, "We have introduced 'M-ROBO,' an integrated pension management system that goes beyond simple asset allocation to include withdrawal strategies, return optimization, and risk management as an automated customized solution for this group."
Mirae Asset Global Investments plans to provide AI-based customized pension management solutions using M-ROBO. Lee Chang-heon, Head of the Robo-Advisor Operations Division, introduced, "M-ROBO dynamically adjusts portfolios by reflecting investors’ risk preferences, retirement timing, and market trends based on AI algorithms, and flexibly responds to market changes through automatic rebalancing functions." He added, "By enhancing user convenience through mobile-based non-face-to-face services and improving cost efficiency compared to existing fee structures, it can contribute to improving pension returns."
Considering advanced pension countries, Korea’s retirement pension robo-advisor market is also expected to grow significantly, and Mirae Asset Global Investments anticipates providing leading services as the number one asset manager in the pension market. As of the end of last year, the U.S. retirement pension market was valued at $32.7 trillion. Among the $29.4 trillion individual retirement pension market (DC + IRA), about 5% is managed by robo-advisors.
The retirement pension robo-advisor discretionary service automatically generates customized portfolios according to investor preferences through verified algorithms and instructs the management of individual retirement pension (IRP) funds accordingly. Previously, IRP subscribers had to directly instruct fund management, but recently, robo-advisors of investment discretionary service providers designated as innovative financial services will manage funds on behalf of subscribers.
Mirae Asset Global Investments has partnered with major retirement pension providers including Hana Bank, Mirae Asset Securities, Kookmin Bank, Industrial Bank of Korea, NongHyup Bank, Shinhan Bank, BNK Gyeongnam Bank, and BNK Busan Bank, and plans to sequentially implement the service through each provider’s retirement pension platform starting this month.
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