Korea's Mirae acquires controlling stake in Stockspot, an Australian robo-advisor

Korea’s Mirae acquires controlling stake in Stockspot, an Australian robo-advisor

Mirae Asset Global Investments has acquired a controlling stake in Stockspot, an Australian robo-advisor. The deal is worth a reported A$28 million ($18 million).

Australia Private Equity News

Mirae Asset is a South Korean financial services company with over $400 billion in assets under management. Stockspot is an Australian robo-advisor that manages over A$650 million in assets.

Screenshot at

Image: Stockspot

The acquisition is a sign of Mirae Asset’s growing interest in the robo-advisory market. Robo-advisors are automated investment services that use algorithms to manage portfolios.

They are becoming increasingly popular as they offer a low-cost and convenient way to invest.Mirae Asset sees Stockspot as a way to expand its presence in the Australian market and to gain access to its technology and expertise in robo-advisory.

Stockspot will continue to operate as a separate brand under Mirae Asset.

The following are some of the key details of the deal:

  • Mirae Asset will acquire a 53% stake in Stockspot.
  • The remaining 47% stake will be held by Stockspot’s founders and management team.
  • The deal is expected to close in the fourth quarter of 2023.

The acquisition of Stockspot is a significant move by Mirae Asset.

It is a sign of the growing importance of robo-advisors in the financial services industry. It is also a sign of Mirae Asset’s commitment to the Australian market.

The biggest downfall of robo-advisors is their limited flexibility. They are not able to provide the same level of customization as a human advisor.

This can be a problem for investors who have complex financial needs or who want to invest in specific assets.

Another downfall of robo-advisors is that they can be expensive.

The fees charged by robo-advisors can be higher than the fees charged by traditional investment products.

This can make them a less attractive option for investors on a tight budget.

Despite these downfalls, robo-advisors offer a number of advantages. They are a low-cost and convenient way to invest.

They can also help investors to save money by automating their investment process.Robo-advisors are becoming increasingly popular, and they are likely to continue to grow in popularity in the years to come.

However, investors should carefully consider the pros and cons of robo-advisors before choosing one.


Notice: ob_end_flush(): Failed to send buffer of zlib output compression (1) in /home/rainmak1/public_html/wp-includes/functions.php on line 5420

Notice: ob_end_flush(): Failed to send buffer of zlib output compression (1) in /home/rainmak1/public_html/wp-includes/functions.php on line 5420