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What is the difference between asset management business of securities companies and funds?
Fund business refers to whether a securities company has the authority to buy and sell funds (purchase and redemption of funds). Asset management is a wealth management business similar to Sunshine Private Equity. Specifically, it is to raise certain assets from customers (generally 654.38+ 10,000 per customer) and then manage them centrally.

The income forms of these two businesses are: after the fund assets are divided into warehouses, the fund consignment business can increase its income through certain subscription and redemption fees, rewards and transaction commissions. Asset management is to directly generate income through management fee accrual and transaction commission!