'Seohak Gaemi' Also Reassured... Shinhan Financial Investment Launches Shinhan Overseas Pro Stock Wrap Service
Branch Operations Officers Provide 1:1 Customized Investment Services to Customers
Also Able to Handle Capital Gains Tax Reporting on Overseas Stock Trading Profits
[Asia Economy Reporter Minwoo Lee] Shinhan Financial Investment is launching a dedicated wrap account service for investing in overseas stocks.
Shinhan Financial Investment announced on the 7th that it has launched the 'Shinhan Overseas Pro Stock Wrap' service. This is a branch-type wrap account service where branch-based portfolio managers (PBs) manage clients' assets by investing in overseas stocks. Currently, trading is available with stocks and exchange-traded funds (ETFs) listed on the U.S. market, and it plans to expand to Chinese stocks in the future.
This service is a one-on-one customized service where Shinhan Financial Investment branch experts construct and manage portfolios tailored to each individual client’s investment preferences and objectives. The advantage is that clients can receive a one-stop service from branch PBs without having to handle complicated trading procedures such as currency exchange, stock selection, and order placement themselves.
Additionally, the Shinhan Financial Investment Research Center provides carefully selected overseas stock model portfolios by major themes every month and supports portfolio composition for each client account. Shinhan Financial Investment can also handle capital gains tax reporting when gains occur from overseas stock trading.
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The minimum subscription amount for the 'Shinhan Overseas Pro Stock Wrap' is 10 million KRW. Subscriptions in U.S. dollars are also possible. Various fee structures are available for selection. Fees include Type A with an annual trailing fee of 2.0%, Type B with an upfront fee of 1.0% and a trailing fee of 1.6%, among others. Types C and D include performance fees. Principal loss may occur due to exchange rate fluctuations and changes in the value of investment assets. For more details, please contact the nearest Shinhan Financial Investment branch or customer support center.
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