Quantit Investment Advisory Launches AI Discretionary Investment Service for Woori Bank Retirement Pensions

Quantit Investment Advisory is entering the retirement pension market, officially launching its bid to secure a leading position.

On November 25, the AI-powered fintech firm Quantit Investment Advisory announced the launch of its discretionary investment service for individual retirement pension (IRP) accounts, available to Woori Bank customers.

The discretionary investment service from Quantit Investment Advisory uses an AI-designed algorithm that analyzes individual investment preferences and market data. Based on this, it provides portfolios composed of funds, ETFs, and other underlying assets, offering strategies designed for stable asset allocation and responsiveness to market changes. The service features regular and systematic automatic rebalancing of portfolios to quickly respond to market volatility and reduce the burden on investors. A monthly report is also issued, allowing users to intuitively track the status of their accounts each month.

The company has adopted a low-fee structure within the industry (annual management fee of 0.24% or annual performance fee of 7%, with investors choosing one), aiming to minimize costs for investors over the long-term process of building retirement pension assets.

This service can be accessed through the Woori Bank WON Banking app, where customers can link their individual retirement pension (IRP) account, sign a discretionary contract, and manage their investments.

Quantit Investment Advisory was selected as an innovative financial service provider for its robo-advisor discretionary retirement pension service in December last year. The company formed a consortium with Woori Asset Management and Woori Bank, with the three firms collaborating on development, advisory, and operational support to launch the service.

Quantit Investment Advisory also operates the digital asset management service “Plantit” for individual clients. Easily accessible via its application, Plantit focuses on supporting systematic long-term asset growth, with its core value being the experience of “steady growth of customers’ assets.”

Song Sunghwan, CEO of Quantit Investment Advisory, stated, “Starting with the Woori Bank retirement pension discretionary investment service, we will strive to establish a stable presence in the retirement pension market through collaboration with various pension providers in the future.”

He added, “Retirement pensions are one of the most important sources of income for individuals in their later years. As sophisticated AI is essential for objective, data-driven management, we will take the lead in developing and promoting AI optimized for this purpose.”

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