Monex to Launch Stock Management Service Takusu Stock

Monex, a Japanese online trading company, announced that it will act as a contracted trust agency of Monex SP Trust, a wholly owned subsidiary of Monex Group, to start offering “Takusu Stock” to its customers.

Takusu Stock is designed to help customers be prepared for their life events, for instance, dementia or inheritance. The aim is to relieve some of the inconveniences and stress experienced by customers, thereby helping to resolve some of the social challenges and playing a part in building a sustainable society.

Based on the trust agreement, the scheme allows family members to sell securities and withdraw funds if a customer is diagnosed as having dementia. When these securities need to be passed down for inheritance purpose, the funds in the designated accounts will be handed over in a timely manner to the designated family members.

This is the first ever stock management service offered in the security services sector that allows stock sales and fund withdrawal by a designated third-party on behalf of customers.

The stock management service’s features include: allowing a designated representative to manage assets; simplified inheritance procedure; notification function; continuous equity investment allowed.

Last month, Monex announced to lower per-trade margin trading commissions​ for orders of more than ¥1,000,000 to ¥385, which will make it easier for customers to trade domestic equities with smaller cost burden.