Japanese brokerage group Monex Group said on Wednesday its recently-launched subsidiary Monex-Saison-Vanguard Investment Partners (MSVIP) has registered with the Japanese financial regulatory body, the Financial Services Agency (FSA), as an investment management company.
Tokyo-based MSVIP completed the registration on 14 December, 2015, and is expected to start operations in the spring of 2016, Monex Group said.
At the end of November, Monex Group announced it has formed a joint venture with Japanese financial service company Credit Saison and US investment manager Vanguard Group to launch the investment management company MSVIP. The broker said at the time the joint venture will serve retail investors and will be headed by Hiroshi Aikawa.
Together with various business partners, MSVIP aims to reach out to as many retail investors as possible to deliver its services. The company will provide clients, mainly online, with investment services and products customized to meet their financial goals.
Monex Group consists of the holding company Monex Group Inc, its Japan-basedsubsidiaries Monex Inc, Trade Science Corp, Monex Ventures Inc, Monex Hambrecht Inc, and Monex-Saison-Vanguard Investment Inc, as well as Trade Station Group Inc and Monex International Ltd, aka Monex BOOM Group, which are in charge of the group’s businesses in North America and Europe and Asia, respectively.
Through its five consolidated companies, Credit Saison provides credit services and finance and real estate related activities. The company has a client base of 35 million. Pennsylvania-based Vanguard Group is one of the oldest funds and operates at more than 16 locations across the world. It offers low-cost mutual funds, ETFs, advice, and related services to individual and institutional investors.
Source: Monex Group
