Collective financial management of securities companies refers to financial products issued by securities companies that aggregate customer assets and are managed by professional investors (securities companies). It is an innovative financial service product developed by securities companies for high-end customers. Generally speaking, securities companies are entrusted by investors to invest their funds in financial services of financial products such as stocks and bonds. Its risk and expected return are between savings and stock investment. Securities companies are the initiators and managers of this financial product.
1. Understand the source and classification of financial products. The financial products of securities companies can be divided into limited and unrestricted types. Restriction mainly means that the investment target is limited to low-risk fixed products such as cash, money market and national debt, and the proportion of equity securities and stocks does not exceed 20%; In addition to products with fixed expected annualized expected returns, there are also high-risk products such as stocks and options, and high-risk products account for a relatively high proportion, generally above 50%.
2. Risks of wealth management products of securities companies. Any investment product has risks, but the degree of risk is different. Investors should choose products suitable for their own risks; In the case of appeal, restricted products are suitable for investors with low risk preference, and unrestricted products are suitable for investors with high risk preference.
3. Expected income of wealth management products of securities companies. Generally speaking, the expected annualized income of wealth management products of securities companies is slightly higher than that of the same type of bank wealth management products, and the income purchased through different channels will be different. Buying directly through a securities company will be higher than buying through a bank.
4. Classification of financial products of securities companies. Financial products of securities companies are divided into limited and unrestricted types. Restrictions mainly refer to certain restrictions on investment targets, which are limited to products with fixed annualized income and low risk such as cash, money market and national debt, and the proportion of equity securities and stocks does not exceed 20%. Non-restrictive mainly means that the investment object is not fixed. In addition to products with fixed expected annualized returns, there are also high-risk products such as equity securities, stocks and options within price limits, and the proportion of high-risk products is relatively high, generally above 50%.
5. Risks of wealth management products of securities companies. Investors will have doubts about the wealth management products of securities companies. Obviously, any financial product has its own risks, but the degree of risk is different. Investors should choose products that suit their risk preferences. The financial products of securities companies are more suitable for customers with low risk tolerance because of the low financial risk of limited securities companies, rather than customers with high financial risk of non-limited securities companies They are only suitable for customers who like risks and have high risk tolerance.
6. The wealth management products of securities companies cannot be redeemed in advance, and the investment period of wealth management of most securities companies is generally more than 6 months, 9 months, 1 year. Early redemption is not supported during product closure. After all, if a securities company wants to get the expected annualized income, it must invest and have its own plan. If they are disrupted, they will face a very severe test.
7. The expected annualized income of wealth management products of securities companies is slightly higher than that of the same type of bank wealth management products, and the income purchased through different channels will be different. Buying directly through a securities company is higher than buying through a bank. This is because the expected annualized income given by the bank is the expected annualized income after excluding the sales service fee given by the securities company to the bank. For example, the annualized benchmark of 364-day Golden Kirin/KLOC-0 issued by Industrial Securities in official website is 4.8%, while the annualized benchmark of publicity through bank channels is 4.6%.
8. The arrival time of wealth management products of securities companies, the arrival time of bank wealth management is generally the same day or the next day, and the arrival time of brokerage wealth management is generally T+3 or T+5, which is the liquidation time. Due to the different investment targets, the process of financial maturity liquidation of securities companies will be more complicated, so the arrival time will be later.