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[Alpha Biz=(Chicago) Reporter Kim Jisun] Mirae Asset Asset Management has acquired Stockspot, an Australian RoboAdvisor specialist. This is the first time that a domestic financial group has acquired an overseas robo-advisor operator.
According to the investment banking (IB) industry on the 16th, the acquisition price is about 28 million Australian dollars (about 24 billion won), and Mirae Asset Asset Management will acquire a 53% stake in Stockspot. We plan to acquire the remaining shares in accordance with the option contract structure within a fixed period of time.
Founded in Sydney in 2013, Stockspot is Australia's No. 1 robot advisor operator with an operating asset of about HKD 650 million (about KRW 570 billion) as of June. RoboAdvisor (RA) is a compound word of 'robot' and 'advisor', which is an asset management service in which AI organizes and operates a portfolio that reflects individual investment propensity through algorithms and big data analysis. Stockspot provides comprehensive services such as investment advice and portfolio management to individual and institutional investors in the Australian market based on its own algorithms, and has 13,000 customers with stable track records.
Mirae Asset Asset Management plans to enter the financial market that incorporates AI-based services through the acquisition of Stockspot.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
