Different issuers: brokerage financing refers to the financing issued by brokerage institutions; Funds are issued by fund companies.

2.

Different income: the expected income of brokerage wealth management is lower than that of funds, and wealth management is a fixed-income product; The fund is a floating income product.

3.

Trading places are different: brokerage financing is mainly traded on brokerage platforms, while funds are traded in official website, and can also be traded on various third-party trading platforms.

4.

Different risks: the risk of financial management of securities firms is lower than that of funds, and financial management mainly invests in products with lower risks such as deposits and certificates of deposit; The fund mainly invests in bonds and stocks.