Japan’s Shizuoka Bank to launch robo-advice investment management service

Japan's Shizuoka Bank to launch robo-advice investment management service

Japan’s Shizuoka Bank to launch robo-advice investment management service

Japan’s Shizuoka Bank plans to launch a robo-advisory service for discretionary investment management in partnership with Monex-Saison-Vanguard Investment Partners.

Monex-Saison-Vanguard Investment Partners, has already launched a discretionary investment management service that uses robo-advisors in September 2016, in an aim to help individuals design a life plan based on their own values and lifestyles.

Shizuoka Bank’s robo-advisory service with Monex-Saison-Vanguard Investment Partners is is scheduled to launch in April 2018.

Monex Group said the robo-advisers in the system make an investment decision and executes transactions and consulting upon customers’ selection of investment purpose, risk tolerance, capital amount and target amount and so on.

It said this service has a concept of long-term and steady asset management that constantly conducts a follow-up of the investment and reconsiders the investment plan.

Japan-based Monex-Saison-Vanguard Investment Partners was established in 2015 and offers a discretionary investment management (wrap account) service to clients, which it describes as low-cost.