Shinhan Financial Investment Launches Pro PB Lab Service

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 4th that it will launch the comprehensive asset management service "Pro PB Lab Service," where PBs at branches with professional qualifications provide 1:1 customized asset management according to customers' investment tendencies and objectives.

Pro PB Lab is a service that manages various investment assets such as domestic/overseas stocks, ETFs, funds, and ELS·DLS within a single account on a discretionary basis. Customers can receive tailored management proposals through one-on-one face-to-face investment consultations with professional PBs holding relevant certifications. Above all, it offers the advantage of managing assets through portfolios created by professional managers by only bearing a reasonably set wrap fee without worrying about individual trading commissions incurred when trading domestic and overseas stocks. The ability to respond quickly to market conditions and actively accommodate customer demands is a distinctive strength unique to branch-operated wrap services.

Pro PB Lab consists of three types. First is the "All-in-One Type," which actively and comprehensively allocates assets for customers' deposited assets using various investment assets such as domestic/overseas stocks, ELS, and funds. Next is the "Portfolio Type," which allows customers to experience discretionary management with small amounts through selected model portfolios provided by Shinhan Financial Investment's IPS Headquarters. Lastly, the "Master Type" focuses more on increasing customer asset returns through domestic and overseas stock management. These three diverse types expand the range of service options for customers.

Since the assets included in Pro PB Lab are managed as overseas stocks, individuals must report capital gains tax when trading profits occur. Shinhan Financial Investment also offers a capital gains tax reporting agency service for overseas stocks.

Son Eun-joo, Head of the Wrap Management Department at Shinhan Financial Investment, said, "Pro PB Lab expands customer choice with various types and enhances management quality by actively utilizing verified model portfolios provided by headquarters. We expect it to be actively used as a comprehensive customized asset management tool for customer assets."

The minimum subscription amount for Pro PB Lab is 30 million KRW or more for the "All-in-One" and "Master" types, and 5 million KRW or more for the "Portfolio" type. Fees are charged differently by asset type for the "All-in-One" type, and the "Portfolio" type charges an annual fee of 1.5%. The "Master" type has three fee types: performance-based, post-paid, and a mixed type that charges both performance and post-paid fees. Detailed information and product subscriptions are available at Shinhan Financial Investment branches and on their website.

This product does not guarantee principal, and principal loss may occur due to market conditions and exchange rate fluctuations.

This content was produced with the assistance of AI translation services.