Third-party financial management refers to those independent intermediary financial institutions, which do not represent banks, insurance and other financial institutions, but can independently analyze customers' financial situation and financial needs, judge the required investment tools and provide comprehensive financial planning services. As an independent organization, third-party financial management does not represent fund companies, banks and insurance companies, but stands in a very fair position, strictly according to the actual situation of customers, helps customers analyze their own financial situation and financial needs, and scientifically equips various financial tools in personal financial planning.
Basic introduction
Third-party financial management refers to those independent intermediary financial institutions, which do not represent banks, insurance and other financial institutions, but can independently analyze customers' financial situation and financial needs, judge the required investment tools and provide comprehensive financial planning services.
provide services
As an independent organization, third-party financial management does not represent fund companies, banks and insurance companies, but stands in a very fair position, strictly according to the actual situation of customers, helps customers analyze their own financial situation and financial needs, and scientifically equips various financial tools in personal financial planning. Usually, third-party independent financial institutions will first understand the basic situation of customers, including their asset status, investment preferences, wealth goals, etc., and then customize financial strategies for customers according to specific conditions, provide financial products, and achieve their wealth goals. The bosses of third-party independent financial advisers are all customers, and as "employees", they are entirely based on their own interests. 20 10 The 8th Financial Expo, with its hot scenes and relaxed atmosphere, allowed the speakers to share their own experiences, conveyed the concept of happy financial management, satisfied people's thirst for financial management knowledge, and had a completely different effect from financial institutions in promoting their products under the guise of financial management.
There are risks.
The rise of financial management
At present, the issuance of new shares is speeding up, the fund sales are hot, the speculation of gold and foreign exchange is in full swing, and the wealth management market is very lively. However, in the face of these wealth management products, consumers have many doubts. How should they choose? A real problem has arisen: where can I find professional third-party financial management?
Can the financial consultant of the third-party financial management point out the maze from the customer's point of view? Based on this situation, a new financial management business-third-party financial management is quietly emerging.
It is understood that this kind of business originated in developed countries such as Europe and America, and only started in China and Hongkong ten years ago, and began to appear in Beijing, Shanghai and some economically developed coastal cities in recent two years.
The financial demand survey of relevant departments in Shanghai, Beijing and Guangzhou shows that 74% of the respondents are interested in personal financial services, and 4 1% of the respondents indicated that they need personal financial services. It is also estimated by insiders that the national personal financial market will reach 500 billion yuan in 2007, and professional financial management shows great development potential.
legal risk
First of all, third-party financial management is a legal vacuum in definition and supervision. According to the reporter's understanding, most of the third-party financial institutions in the market operate in the name of "financial consulting companies", "investment consulting companies" or "wealth management centers", which are divided into two modes: one is to provide financial consulting only, and the other is to provide consulting and financial management on behalf of customers. Since there is no corresponding legal department or regulation to supervise third-party financial institutions in China, Professor Huo from the School of Finance of Shanghai University of Finance and Economics believes that many private equity funds without legal status will manage their finances on behalf of third-party financial institutions. Due to the vigorous development of financial market in recent years, although it is necessary to bring private placement into the supervision scope of China's Securities Investment Fund Law, the road of legal supervision is still relatively long because the supporting supervision means, countermeasures and risk control mechanism are not perfect. This is also the main difference between third-party financial institutions and financial products launched by banks, trusts and brokers.
ethical risk
The definition of moral hazard in economic philosophy is: based on the information asymmetry between the two parties, one party engaged in economic activities maximizes its own utility while making actions that are not conducive to others. He Ren, a teacher at Shanghai University of Finance and Economics, said: "Due to the lack of legal constraints, trustees, that is, third-party financial institutions, are likely to use the advantages of professional technology and information to infringe on the interests of investors." If it is an organization that only provides financial planning advice, it is likely to go beyond its "neutrality" because of the involvement of interests. For third-party financial institutions that help customers manage assets, it is more likely that investors will suffer losses because of poor credit or investment ability. It should be noted that many financial institutions are actually underground private placements, and the threshold is generally not less than several hundred thousand or even millions. Unlike Public Offering of Fund, Public Offering of Fund has a regular information disclosure mechanism, so it is difficult to protect investors' interests safely.
Investment ability risk
Due to the uneven level of the existing third-party financial institutions, although the service personnel are all drawn from securities companies, insurance companies, funds or other financial institutions, it is still very difficult to truly provide customers with comprehensive, long-term planning, meticulous, professional and accurate investment and financial services. This is the embodiment of the collective wisdom of a team. The level of investment ability is not gorgeous appearance, but the pursuit of actual investment return.
For the risk problem, this is an unavoidable problem for many investors. Then, how should new investors face and analyze the analysis of investment ability?