Native AI Investment Advisory Fount Surpasses 1 Trillion Won in Assets Under Management... Rapid Growth for 2 Consecutive Years
[Asia Economy Reporter Minji Lee] AI investment specialist company Fount announced on the 22nd that its Assets Under Management (AUM) has surpassed 1 trillion KRW.
According to the Financial Investment Association disclosure as of the end of last year, Fount's AUM stands at 1.357 trillion KRW. This represents a 65% increase compared to the previous year (822.7 billion KRW), continuing a rapid growth trend for two consecutive years.
Of the total 1.357 trillion KRW in managed assets, advisory services account for 1.3136 trillion KRW, and discretionary services account for 43.4 billion KRW. For advisory services, the product lineup includes funds and pensions with relatively low entry barriers, allowing anyone to invest easily starting from 100,000 KRW, which proved effective. The discretionary service, launched in January last year, is composed of a global ETF portfolio for investors seeking more active and aggressive global asset allocation, and it exceeded 40 billion KRW in just over a year since its launch.
The number of advisory and discretionary contracts increased by an impressive 121% compared to December 2020, reaching 156,000 contracts. The number of customers rose by 123% to 120,000. The cumulative number of members is about 300,000, with cumulative contracts at 220,000 and cumulative accounts exceeding 87,000. Over the course of one year, the number of members increased by approximately 243%, while contract numbers and account numbers grew by 204% and 235%, respectively.
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Fount CEO Youngbin Kim said, "Our strategy to 'enter the individual investor market after receiving technology verification from financial institutions' has paid off, allowing us to establish ourselves as a leading company," adding, "This year, Fount will undertake various changes such as a full app revamp, fundraising, and mergers and acquisitions."
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