That is, the asset management scale exceeds 1000 billion yuan, which can ensure the normal operation of the company.
For example, there is news recently: the western profit fund lost 80 million yuan in two years.
For fund companies, management fees are the main source of their income, which largely determines the company's living conditions.
The management fee income has increased substantially, and the customer maintenance fee that is often paid to the sales channel has also increased substantially.
As the proportion of management fees rises, the final actual profit will be diluted.
No matter how small the fund company is, the basic operating cost of one year also needs 50 million to 60 million.
In fact, the operating costs of small fund companies are higher, and in order to attract talents and expand market channels, they often need more expenses.
Office rent is also a big cost. At present, the office space of fund companies is generally the first floor of high-grade office buildings.
Take the fund companies in Shanghai as an example, most of them gather in Lujiazui, where there are many high-rise buildings.
Based on the average daily rent 10 yuan/square meter and an area of 2,000 square meters, the annual rent will be more than 7 million yuan.
Other costs include new fund issuance costs, human resource costs and so on.
To put it bluntly, if fund companies want to survive, they must do a good job. The cost of eating management fees is definitely not good.