Mirae Asset Launches IRP Robo-Advisor Discretionary Service... "Automatic Rebalancing Even Amid Market Volatility"

Mirae Asset Securities has introduced a 'Robo-Advisor Discretionary Service' that automatically performs the entire process from portfolio construction to trading in Individual Retirement Pension (IRP) accounts. Launched in August 2026, this service is characterized by 100% automated execution of asset allocation and rebalancing according to algorithms without investor intervention.

The difference between recommendation and discretion... 'Automatic execution' is the key

According to a Mirae Asset Investment and Pension TV video, robo-advisor services are broadly divided into 'recommendation services' and 'discretionary services'. Both services are identical in that the robo-advisor system monitors the account 24 hours a day and checks the need for position adjustments.

However, a decisive difference occurs in the execution method. In a recommendation service, when the system sends a position adjustment signal, the investor must check and approve it for the trade to take place. On the other hand, the newly introduced discretionary service automatically adjusts the portfolio according to the algorithm. While the recommendation service is currently provided for free, the discretionary service incurs a small fee depending on the algorithm and method, as the system performs the trades directly. Since fee rates vary by provider and method, it must be checked on the subscription screen.

Responding to market volatility with data-driven 'dynamic rebalancing'

The robo-advisor's management philosophy is based on 'global asset allocation' and 'dynamic rebalancing'. Rather than simply keeping the proportions of stocks and bonds fixed, it flexibly adjusts the proportions according to market conditions. Hwang Bo-ram, head of the Robo Asset Management Team at Mirae Asset Securities, cited the market downturn in 2022 as an example, explaining a case where the robo-advisor algorithm judged the structural risk of the market and increased the proportion of safe assets to as much as 80% to defend against losses, even though it was the most aggressive portfolio.

This is a point of differentiation from TDF (Target Date Fund), which reduces asset proportions according to a set timetable (glide path) to match the retirement timing. Hwang explained that while a TDF moves according to fixed rules, a robo-advisor responds more actively and flexibly by comprehensively analyzing current market data. For those who want to check and approve expert suggestions and participate directly in the investment process, the MP (Model Portfolio) subscription service may be suitable, but for investors who want quantitative investment based on data and models and adherence to principles, the robo-advisor becomes a differentiated choice.

The management process consists of a circular structure of 'proposal-management-execution'. When the system calculates the optimal allocation ratio every day to create a 'model answer', it sends a rebalancing signal at the point when a difference occurs compared to the existing holdings. The rebalancing cycle varies by individual. Since the account proportion changes depending on whether the investor approves the recommendation signal, a 'personalized rebalancing cycle' optimized for each investor is formed. However, to prevent accounts from being left unattended for too long, it has a system in place to send regular signals at a maximum interval of 40 business days, which is the optimal interval found through backtesting. Additionally, to prevent costs caused by frequent trading, no notifications are displayed for 5 business days after a trade is completed.

Investors can check the recommended asset ratio of the day derived by the algorithm in real-time through an intuitive graph on the robo-advisor screen within the Mirae Asset MTS. When rebalancing is imminent, they can see in advance how the future portfolio will be adjusted to the model answer, and all information, such as the account balance status after actual transactions are completed, past trading history, and the actual valuation of the fund, can be transparently viewed.

"No need to entrust the full amount"... Penalty for early termination is also excluded

The design also reflects efforts to lower the entry barrier felt by investors when managing pension accounts. It is not necessary to entrust the entire amount of the pension account to use the robo-advisor. Since it is possible to manage only a portion of the amount starting from as little as 10,000 won, it encourages investors to experience the service directly and build trust. In the case of the IRP Robo-Advisor Discretionary Service, it is possible to subscribe for up to 9 million won per year according to relevant regulations, and this limit increases cumulatively every year.

The autonomy of service use has also been increased. Since there are no mandatory maintenance conditions, if an investor wants to manage it directly, they can terminate it at any time through the app. No separate penalty occurs upon termination, and there is no penalty requiring the forced sale of previously held funds. From the time of termination, the method switches to one where the investor takes direct control while maintaining the existing positions as they are. In fact, cases are appearing where many investors, after receiving help from the robo-advisor, terminate it as needed or change positions directly, switching to direct investment.

Hwang Bo-ram emphasized, quoting Warren Buffett's words that "the stock market is a place that transfers money from the impatient to the patient," saying, "Pension investment is essentially a long marathon, and Mirae Asset Robo-Advisor acts as a pacemaker to help investors keep their principles and complete the race amidst a fluctuating market."