Korea Investment & Securities Launches 'MY AI' Customized Wrap Product Recommendation

Korea Investment & Securities announced on the 30th that it has launched the 'MY AI' service, which recommends robo-advisor (RA) wrap products tailored to customers through its mobile trading system (MTS) application 'Korea Investment.'

MY AI is a service where artificial intelligence (AI) recommends RA-operated wrap (WRAP) products in the most suitable order for customers and connects them to investments, based on personal information, investment tendencies, investment plans, and income information directly entered by Korea Investment & Securities customers through approximately 130 million simulations.

Currently, it recommends RA wrap products developed by various financial companies, including Korea Investment & Securities' proprietary 'Kobi,' Quarterback Asset Management, and Quantit Investment Advisory, all of which have passed Koscom's testbed. The number of RAs and target products will be continuously expanded in the future.

The accessibility and convenience of wrap product investments are also enhanced. The wrap products recommended by MY AI have a minimum subscription amount of 1 million KRW and an annual fee of 0.5%, which is lower compared to general wrap products. The video call procedure required for subscribing to non-face-to-face wrap products has been eliminated, and separate investment content such as operation performance inquiry screens, 'Capital Market Stories,' and 'AI View' are provided.

Kim Gwansik, Head of the Digital Innovation Division, said, "RA is characterized by pursuing relatively stable returns even in highly volatile markets through investment strategies based on objective data that minimize bias and errors." He added, "At a time when the financial environment is uncertain and interest in stable asset growth is increasing, MY AI will be a good alternative."

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