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Screenshot of a breaking news alert e-mail from Q2 2017
Online trading services provider Monex Group, Inc. (TYO:8698) today announced that it has teamed up with Credit Saison Co., Ltd. (TYO:8253) and The Vanguard Group, Inc. to establish a discretionary investment management company.
The new entity, to be named Monex-Saison-Vanguard Investment Partners, Inc. (MSVIP), is set to commence operations in the Spring of 2016, once proper registration with Japanese regulators is complete. It will provide clients with a top-quality, customized investment that is set to fit each client’s financial goals.
The partners of MSVIP bring unique, proven strengths to meet the needs of Japanese retail investors with a new, innovative investment management service. Monex Group has been advocating the importance of long-term diversified investment and is recognized as the leading broker among asset building retail investors. Credit Saison provides innovative and unique products and services to its 35 million client base. Vanguard Group is one of the world’s largest and most respected investment management companies.
The impact on the consolidated financial performance of fiscal year ending March 2016 for Monex Group will not be significant.
To view the official announcement from Monex, click here.