Fint Surpasses 100 Billion Won in AI-Managed Assets

Rising Demand for Tax Savings During Year-End Tax Settlement Season
Expansion of Personal Pension Savings and IRP Account Management

December & Company, which operates the artificial intelligence (AI)-based easy investment service 'Fint,' announced on December 2 that the assets under management (AUM) for Fint's pension account discretionary investment and advisory services have surpassed 100 billion won.

This figure combines the amounts for personal pension savings discretionary investments and individual retirement pension (IRP) discretionary and advisory services. The increase is attributed to customers who have experienced the stability and efficiency of AI-powered robo-advisors (RA) and have subsequently expanded their investments. As interest in tax savings rises ahead of year-end tax settlements, the growth rate of pension account AUM is expected to accelerate even further this year.

Personal pension savings and individual retirement pensions (IRP) can be withdrawn as pensions after the age of 55. By combining both accounts, individuals can receive up to 9 million won in annual tax credits, making them representative 'tax-tech' (tax + financial technology) products. As pension accounts become established as essential asset management tools to fill post-retirement income gaps, demand for robo-advisors that pursue stable long-term performance based on data and algorithms is also increasing.

Fint solidified its position in the pension sector in 2021 by launching the first personal pension savings discretionary service in the robo-advisor industry. This year, the company entered the retirement pension market, rolling out IRP advisory and discretionary services in succession to strengthen its asset management lineup.

The IRP AI investment service introduced this year has also shown rapid growth, surpassing 26 billion won in AUM last month. The 'Fint IRP Advisory Service,' launched in January, is an advisory solution that provides portfolio recommendations tailored to the investor's life cycle, annual contribution limit management, and tax-saving strategies. It enables the management of the entire IRP balance, allowing for strategic asset management in conjunction with discretionary services.

The 'Fint IRP Discretionary Service,' launched in April, is designed to allow investors to select from a variety of investment modes covering both global and domestic markets according to their needs. It establishes asset allocation strategies that reflect investment preferences, expected returns, risk tolerance, and retirement timelines, automatically rebalances portfolios, and allows for flexible adjustments through fund or ETF management.

December & Company, which has operated the longest-running asset allocation strategies among domestic robo-advisor firms, has formed retirement pension discretionary business partnerships with 12 financial institutions-the largest number in the industry.

Song Inseong, CEO of December & Company, stated, "Pension accounts, which offer both retirement preparation and tax-saving benefits, have become essential asset management tools," and added, "Investment based on RA algorithms specialized for long-term management is also becoming increasingly active." He continued, "We will continue to be a reliable partner supporting our customers' consistent investments, leveraging the expertise and trust we have built across all areas of AI investment."

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