Generally, the closed-end wealth management cannot be redeemed in advance before it expires. However, if you buy bank wealth management, you can give the wealth management products to the bank by pledge to obtain funds, but this method requires a certain amount of pledge to the bank. If you buy wealth management from a tripartite financial institution, you can ask the customer service whether you can redeem wealth management products in advance. Closed-end financial management is characterized by poor liquidity, so investors need to plan the use of funds before buying such financial products.

I. what is closed-end financial management

closed-end financial management: a financial management method in which the principal cannot be redeemed before the invested financial products expire. In order to obtain higher returns, many investors use closed financial management to increase or preserve the value of money that is temporarily unused. Closed-end financial management: The investment method of closed-end financial management has the advantage of high income, but the liquidity of closed-end financial management funds is poor and the controllability of funds is low, so it can not be redeemed flexibly and quickly if it is needed during the financial management period. Common closed-end financial management includes bank time deposits and closed-end funds.

second, what is open-ended financial management

open-ended financial management: open-ended financial management means that during the period of investing in financial products, the invested funds can be deposited, withdrawn and transferred normally. Open-ended financial management: Some investors have the need for flexible access or investment when choosing financial products, and these investors often choose open-ended financial management. Investors who choose open-ended financial management will not be restricted by financial management projects, and can freely control financial management funds according to their own wishes. The characteristics of open financial management are large liquidity and high controllability of funds. However, compared with the overall income of closed financing, the overall income of open financing is relatively low. Common open-ended financial management includes bank demand deposits, money funds, national debt and so on.

iii. risks of wealth management products

risks of wealth management products can be divided into operational risks and capital risks. Operational risk refers to the risk that a company or organization that introduces wealth management products may be caused by decision-making mistakes and other reasons in the process of managing or reinvesting the wealth management products. Another wealth management product will also be affected by policies and markets. Capital risk is the risk that wealth management products may encounter in the process of capital flow. Whether it is open or closed financial management, there will be certain investment risks. However, the investment risk of closed-end financial management is lower than that of some open-end financial management, and the income is higher, which is more worthy of choice.