The most fundamental purpose of bank wealth management products is to absorb deposits. Although nominally providing investors with investment channels higher than deposits, from another perspective, this is just a disguised high-interest deposit.

The essence of collective financial management of securities firms is "customer asset management business", which is a financial service for securities firms to invest investors' funds in financial products such as stocks and bonds. From this perspective, the collective financial management of securities firms is more like a financial product. It can change at any time according to the changes in the market. In the case that the brokerage firm guarantees a certain income, the final income changes greatly.

2. Costs and benefits are different.

Bank wealth management products do not charge any fees, but very few products will charge a certain fee when they are redeemed in advance. From the cost point of view, compared with bank wealth management products, brokers have no advantage in collective wealth management, but the management fee and custody fee will be lower than that of open-end funds.

The rate of return of securities firms' collective wealth management products is basically fixed, and the propaganda slogan of securities firms' collective wealth management is low fees, low risks and high returns. In the product manual, there is a clear statement about how much the yield exceeds, and the excess income will be divided into brokers.

3. Different liquidity.

After more than half a year of market running-in, the liquidity of RMB wealth management products has been greatly enhanced. Some banks have given customers the right to redeem in advance in product design, and some banks have also launched pledge transfer business to facilitate investors to cope with the urgent need for money. The liquidity of securities firms' collective financial management is relatively weak, and the products cannot be redeemed during the closed period. Only during the opening period, customers can freely purchase and redeem.

4, the degree of risk is different

When banks operate RMB wealth management products, they mainly control risks from the choice of investment targets, and the national credit of bonds and central bank bills is their safety foundation. The risk of collective financial management is still higher than that of banks. After all, some assets will participate in the secondary market, which has a lot to do with the management style and mode of the rectification team, and faces greater systemic risks and operational risks.

Extended data

You need to open a corresponding wealth management account when you go to a bank or a securities company for wealth management. Generally speaking, wealth management accounts opened by banks can handle savings products, bank wealth management products and fund products, and large banks can also purchase them through the banking system. Due to the wide distribution of bank outlets, investment and wealth management accounts opened through bank channels can be handled at bank counters.

The financial accounts opened by securities companies can be used to invest in a series of investment financial instruments such as stocks (including A shares, B shares and H shares), bonds (including government bonds, corporate bonds and corporate bonds) and futures (including financial futures such as stock index futures and foreign exchange futures, and commodity futures such as gold futures and agricultural products futures). The opening of a securities account can be handled in the business department of a securities company, and it needs to be handled within the trading day.

The procedure of investing in a company is relatively convenient. Generally, you only need to provide a copy of your ID card and bank card. Investment companies will also customize exclusive financial plans for customers.

Financial management level

The first layer is to handle and use money effectively and reasonably, so as to make the best use of everything and meet the needs of daily life to the greatest extent.

The second level is to invest the extra money to produce the best financial return, which is the level of Qian Shengqian.

The third level is to plan life from the financial point of view, make use of the existing economic and financial conditions, maximize the value of their human resources, and prepare for future development.

Baidu encyclopedia-wealth management