The difference between trust and bank wealth management products;
1, with different issuers.
Bank wealth management products are issued by banks and trust wealth management products are issued by trust companies.
Trust companies generally do not directly face ordinary customers (the threshold is high), nor can they spread all over the country in banks like bank wealth management products. Therefore, when issuing trust products, banks, insurance companies and wealth management companies are sometimes needed to sell them. Although banks, insurance companies and wealth management companies can buy trust products, they are actually only intermediaries, and the actual issuer of the products is still a trust company.
2. Different investment directions:
The subscription funds raised by bank wealth management products will generally be invested in the bank's own fund pool. Banks issuing products will use this fund pool to invest in bills, bonds and money funds in the interbank market. The proceeds from the entire fund pool are redistributed to various wealth management products previously issued. The payment of principal and income comes from the principal and income of the whole fund pool. There are many kinds of trust wealth management products, and the investment direction of different products is not the same, mainly including real estate, infrastructure, equity, creditor's rights and so on. The principal security and expected income of trust products depend on collateral and company guarantee.
3. Different investment thresholds:
The investment threshold of bank wealth management products is mostly 50-65438+10,000, and the maximum number of investors for each trust product is 200, so the investment threshold is set to 1 10,000. Moreover, there are generally only 50 investment places, and the amount is below 3 million.
4. Different expected returns:
The annualized rate of return of bank wealth management products is mostly between 3% and 5%, and the rate of return has a further downward trend after continuous interest rate cuts and RRR cuts. The annualized rate of return of trust wealth management products is mostly 8%- 12%, which has great advantages compared with bank wealth management.
5. Different investment periods:
The investment period of bank wealth management products ranges from 30 days to 180 days, and few of them exceed one year. The investment period of trust wealth management products is long, usually one to two years.
Generally speaking, bank financing is a popular financing method with low subscription starting point, convenient operation and flexible term, and it is an important investment method of small short-term idle funds for many families. Trust financing is more favored by high-net-worth customers, with higher investment starting point but higher income, more flexible investment direction and cross-asset and cross-cycle allocation.