The difference between financial management of securities companies and financial management of banks.

1. Different starting points

The most fundamental purpose for banks to launch wealth management products is to absorb deposits. Although it is nominally to provide investors with investment channels higher than deposits, if we look at it from another angle, it 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 make changes at any time according to the changes in the market. Under the condition that the securities firm guarantees a certain income, the final income changes relatively greatly.

2. The cost and income are different

Bank wealth management products do not charge any fees, but only a few products will charge a certain fee when they are redeemed in advance. In terms of cost, compared with bank wealth management products, securities firms have no advantage in collective wealth management, but their management fees and custody fees will be lower than those of open-end funds.

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

3. Liquidity is different

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 of early redemption in product design, and some banks have also launched pledge and 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 open period can customers freely purchase and redeem.

4. Different risks

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 it faces greater systemic risks and operational risks.

expand the information

you need to open a corresponding wealth management account when you go to a bank or securities company for wealth management. Generally speaking, the 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 the bank counter.

the wealth management account opened by a securities company can be used to invest in a series of investment and wealth management tools 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 securities accounts can be handled in the business departments of securities companies, and it needs to be handled within the trading day.

The procedures for investing in a company are 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 level is to handle and use money effectively and reasonably, so as to maximize the effect of one's money expenditure and meet the needs of daily life to the maximum extent.

The second level is to invest the surplus money to generate the best financial returns, which is the level of Qian Shengqian.

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

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