Spring 2022 strategy report of wealth management industry: Opportunities: starting point of new model

Current situation: the equity market fluctuates, and the residents' asset allocation structure is more diversified

The yield of equity products was lower than expected, and the scale of fixed income + and other non equity products increased

After the new regulations on asset management, the increase in the scale of non equity products has generated more demand for fund allocation

One of the opportunities: demand burst, and b-end fund consignment has become a new bright spot

2B's fund distribution company provides more convenient and efficient account opening, trading, research and other services for b-end institutions

Institutional demand erupted, and b-end fund consignment ushered in rapid development. It is expected that the scale will reach 7.1 trillion in the future, with an increase of 5.7 trillion.

Opportunity 2: the change of wealth management mode from products to services, tamp will welcome the golden development period

With the improvement of customers' cognition, the level of residents' wealth management needs will be improved;

The core competitiveness of the wealth management platform will gradually shift from providing convenient trading channels to high-quality services, and the tamp model will usher in a golden period of development

Investment suggestions: it is recommended to participate in Gf Securities Co.Ltd(000776) , acquire Huatai Securities Co.Ltd(601688) , China stock market news of assetmark

Gf Securities Co.Ltd(000776) : yingmi fund builds its competitive advantage in the b-end fund consignment through transaction + investment and research one-stop service. At the same time, it is expected to form a strong competitive advantage in the fund investment consulting field with high-quality customer wealth planning and service system; It is recommended to participate in Gf Securities Co.Ltd(000776) of yingmi

Huatai Securities Co.Ltd(601688) : with the help of the technology and business experience of assetmark, the third largest tamp manufacturer in the United States, the investment consulting ability has been continuously improved

China stock market news: relying on the advantages of technology and traffic, carry out the communication business of b-end consignment institutions to help their ownership increase.

Risk tips

Tightening of regulatory policies; The scale of fund issuance has decreased significantly; The progress of b-end fund sales from direct sales to agent sales was less than expected.

- Advertisment -