HONG
KONG, May 26, 2015
/PRNewswire/ -- 8 Securities, a
leading mobile trading & investing service in Asia, today announced the launch of
Japan's first robo-advisor
service. 8 Now! is a simple way for individuals to create and
automate a professionally designed global portfolio at a fraction
of the cost of banks and investment advisors.
"8 Now! is the first investing service in Japan that was built specifically for young
people who value mobility, simplicity and low cost," said Iimori Nobofumi, President of 8
Securities in Japan.
In what is sure to be a disruptive move in Japan's highly conservative financial services
industry, customers can begin investing in a global portfolio with
as little as $88 and only a 0.88%
service fee. Investors have the freedom to buy and sell their
portfolio at no cost.
"Japan is experiencing one of
the largest generational shifts of wealth in history. Japan possesses $17
trillion in investable assets. However, the Millennial
generation are being grossly underserved by Japan's banks, said Mikaal Abdulla, CEO of 8
Securities. "While older investors may prefer to use a bank or
traditional advisors, the next generation of wealth in Japan will be managed on a smartphone," he went on to say.
How it works
Investors complete a short online survey to assess their
investment time horizon and objectives.
Investors are immediately presented with a personalised global
portfolio of exchange traded funds. The portfolio is designed and
optimised by Morningstar Investment Management. Morningstar
has over $170 billion in assets under
advisement and operations in 27 countries.
The investor chooses the amount they want to invest, starting
from as little as $88.
The portfolio is automatically optimised and rebalanced based on
changing economic conditions.
The performance of the portfolio can be monitored 24 hours a
day, 7 days a week on a smartphone, tablet or computer.
The only fee is an annual 0.88% of the total portfolio size.
There are no commissions, management fees or hidden charges that
are common with traditional advisors. There are no entry or exit
penalties and investors can sell or buy more at anytime.
About 8 Securities
8 Securities is the next generation mobile trading & and
investing service in Asia. It
serves a large customer base and holds over US$800,000,000 in assets. The 8 Securities group
has licensed offices in Hong Kong
and Tokyo. 8 Securities designs
and develops its own proprietary technology. The 8 Securities group
was founded by Mathias Helleu and
Mikaal Abdulla. Prior to starting the company they managed E*TRADE
across Asia, Europe, the Middle
East, India and
Canada.
For any questions regarding this release, please contact:
Nicole Lau, +852 2693 8888 /
nicole.lau@8securities.com
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SOURCE 8 Securities