Mitsubishi UFJ Financial Group has announced that it will strengthen its asset management business by investing approximately 15 billion yen in a startup company that provides a service that automatically proposes investment products based on age and annual income and leaves management to the discretion of the company. did.
According to an announcement, Mitsubishi UFJ Financial Group will acquire more than 15% of the shares in Wealthnavi, which provides services for individual investors through its affiliated banks, for approximately 15 billion yen.
This company provides a service called a robo-advisor that automatically proposes the most suitable investment products based on your age and annual income and leaves the management up to you.As of last month, the company had over 1 trillion yen in assets under management. .
Mitsubishi UFJ hopes to make it easier for customers of the group's apps to use the company's services, as well as develop a relatively younger customer base.
Since last month, NISA, a preferential tax system for individual investors, has been expanded, and as interest in future asset formation continues to rise, major financial groups are strengthening their alliances with online securities companies and expanding their asset management businesses. There are a number of moves to strengthen this.