After years of growth, the asset management scale of securities firms has surpassed that of Public Offering of Fund, becoming the mainstay of the era of large asset management. As an extremely important part of brokerage asset management, brokerage collective financial management has also developed rapidly in recent years. Many people don't know what's the difference between collective financial management and private placement. Today's program will talk to you.

First of all, let's take a look at what collective financial management is. Generally speaking, it is a securities company that manages the idle funds of investors and invests in financial products such as stocks and bonds.

From this perspective, the promoters and managers of securities firms' collective financial management are all securities companies. The sponsors of private placement can be fund companies, third-party wealth institutions and so on.

The second point is the difference between investment thresholds. There are "large collection" and "small collection" of securities firms, and "large collection" is limited and unlimited. The former investment starting point is 50,000 yuan, and the latter investment starting point is 654.38+10,000 yuan. "Small collection" can only be invested if it is more than 6,543,800 yuan. There is no difference between "small collection" and private placement, which is aimed at high-end investors.

The third point is the difference between liquidity. Brokers' collective wealth management products have poor liquidity. Generally, there is only a short opening period after a closed period of several months to one year, and the opening period is relatively limited, usually 3 to 5 working days per month. Investors can only participate or withdraw during the opening period, and cannot trade at other times.

Corresponding to private placement, the liquidity of private placement products varies greatly. Like private equity investment, liquidity is very poor. However, some products will be particularly liquid, such as high-quality bond private equity funds, which are as liquid as money funds. You can apply for redemption every week, and there is no closed period, which is convenient for stop loss or investment in time.

The fourth point is the difference between information disclosure. Brokers' collective wealth management products cannot be publicized like private placement, but information should be disclosed. If investors buy collective wealth management products, they will get management reports and custody reports provided by securities companies and custody banks at least every three months. Private equity funds disclose information to investors at least once every quarter, and private equity funds with a scale of more than 50 million yuan disclose information to investors at least once a month.