Difference 1: Concept difference.
Concept is the first and basic difference; The so-called bank wealth management refers to the wealth management products issued by banks. By raising funds from ordinary investors and then investing in other types of products. In banking products, banks play the role of fund porters, rather than the main providers of wealth management products. Asset management plan is a kind of product approved by CSRC, issued by securities companies and publicly raised fund companies to raise funds from specific qualified investors, and managed by specialized management institutions for fund operation and investment.
Difference 2: The issuer is different.
The asset management plan is specially initiated and established by securities companies and fund subsidiaries. In reality, we see more collective asset management, directional asset management plans and asset management plans of fund subsidiaries, all of which belong to this category. Bank wealth management products are basically issued by banks themselves, but at present, more and more products are transferred to bank wealth management subsidiaries. However, bank wealth management products are all self-operated by banks. If it is a consignment, there are various types of products, such as insurance, funds, trusts and private placements.
Difference 3: the difference between regulators.
In short, the issuance of asset management plan is the responsibility of China Securities Regulatory Commission; China Banking and Insurance Regulatory Commission is responsible for the issuance of wealth management products of China Bank.
Difference 4: The rate of return is shown in the asset management plan, and the income of asset management products generally appears extreme value with the change of the net value of subscription shares, similar to funds. Bank wealth management products are still marked by the rate of return, but with the transformation of bank wealth management net value, the concept of expected rate of return is no longer mentioned, and more is replaced by performance comparison benchmark. Moreover, under the transformation of net worth, more and more bank wealth management products began to use intervals to express income. In the past, bank financing also included guaranteed floating income, guaranteed floating income and non-guaranteed floating income. Now the principal-guaranteed financial management has disappeared, and it has been replaced by non-principal-guaranteed floating income such as principal-guaranteed floating income and structured deposits. In terms of yield, the yield of asset management plan is generally higher than that of bank wealth management products; The specific figures should be combined with the economic environment at that time and the liquidity level of the market.
Difference 5: investment period. From the perspective of product duration, the investment duration of bank wealth management products is short, ranging from one month to two years. However, under the requirements of new policies and regulations, there are fewer and fewer closed products of banks under 6 months, and they are replaced by open products. The term of an asset management plan is generally 1-3 years, and many asset management plans do not have a strict life cycle. These asset management plans often set a fixed opening period within one year for investors to redeem and buy; As long as the product is maintained at a certain scale, it will continue to operate without strict time limit.
Difference 6: Risk-level asset management plan is a typical high-risk product. In the product line of bank consignment, the asset management plan basically belongs to medium and high risk. Few asset management plans are classified as medium risk and below, and they are basically high risk, which is a very obvious feature of asset management plans. For bank wealth management products, there are risk levels; Generally speaking, starting from low risk, there are few low-risk wealth management products; Except for products such as structured deposits, most of them are low-risk products, but few banks have high risks in self-financing unless they are directly linked to crude oil, gold futures or products that belong to equity investment.
Difference 7: investment direction. Bank wealth management products mainly invest in financial markets. In fact, we can see the investment of bank wealth management products from the financial contract specification. For example, various deposits, treasury bonds and various bonds, including but not limited to corporate bonds, corporate bonds, financial bonds, local bonds, etc. And some standardized assets such as ABS and non-standard assets such as trust plans. Therefore, bank wealth management products are more like a hodgepodge, and all products are investments. Asset management plan belongs to direct investment, and the investment fields are mainly real estate, infrastructure industry, securities investment and other fields. Each asset management plan has a clear investment, which is different from bank financing.
Eight: investment threshold. Bank wealth management products are popular and the natural investment threshold is low. At present, bank financing generally starts from 50,000 yuan, and some products need more than 654.38+10,000 yuan. But now, the threshold is further lowered, and 1 10,000 yuan can buy bank wealth management, which greatly increases the inclusiveness of bank wealth management products. However, the asset management plan is a high threshold and a typical high-yield and high-risk product. Therefore, many asset management plans start from 6,543,800 yuan, and the requirements of some planned products will be higher. There are also 500 thousand people who started, but after all, they are only a few. There are also great differences in investor identification between the two. For example, if you buy bank wealth management, you only need to make double records when the wealth management function is just opened. Buy wealth management in the future and click directly on the bank APP.
But the asset management plan is different. The requirements for investors are very high. In reality, when qualified investors are recognized, they need proof of family assets, running wages and signing a letter of recognition. After doing this, you should make double records when purchasing the asset management plan to ensure that you have a full understanding of the risks and investment of the products. After a set of procedures, investors and financial managers are tired.