NEC acquires majority stake in Japan Asset Management

NEC has acquired a 50.1% stake in Tokyo-based Japan Asset Management (JAM), a financial technology company founded in 2018 that provides independent financial advice.

Through this capital alliance, NEC will advance the digital transformation (DX) of IFA services. In addition, JAM will become a consolidated subsidiary of the NEC Group and will combine JAM’s knowledge of asset management advice for a wide range of customers with the latest technologies such as AI developed by NEC to improve customer experience and provide value in the fields of asset management and financial education.

Specifically, the companies will support the asset formation of employees working for large companies, and provide a new financial welfare service to more people in order to provide asset management advice services that were previously limited to specific people such as the wealthy. They plan to start offering it from October 2023. As a first step, the offering will be extended to the approximately 120,000 NEC Group employees, and from the next fiscal year onwards, it will be expanded to other companies as well.

Since its establishment in February 2018, JAM has been providing asset management consulting (financial product intermediation) services with the vision of “making common sense about asset management common sense in Japan.” JAM has many financial advisors with a wide range of financial knowledge, and has supported the asset building of their customers, mainly wealthy people in their 40s to 60s.

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