First venture capital Management: Self cushion 20 million channel fee-yong or gambler

Venture to create gold season when the rate of return reached 5.8%-8%, management talent to extract excess part of 80% of the return of the 2012 winter, brokerage Capital Management scale has been reversed to an explosive growth. Some brokers by virtue of the channel business scale to nearly billion, and some brokerages from the cushion channel cost to rob scale. In one year, the first venture set financial products scale from 1.66 billion to 6.762 billion yuan, the scale doubled 4 times times. Investigate its pattern of radical adventures. The first venture also includes 0 subscription fees, 0 exit fees and 0 management fee collection of financial products, gambling investment ability to extract profits. If the expected income baseline is not reached, the first venture to advance to the bank channel tens of millions of costs will be wasted, facing the risk of loss. Is it a brave man or a gambler? How do you choose between scale and performance, risk and profitability? More than 20 million channel fee self-cushion recently, the first securities investment team to subscribe to the launch of large collection of financial products-the value of the growth of the Gold 3 period is the promotion period, this is the first venture securities, the 14th capital pipe products. 2012, the first venture issued 7 collection of financial products, as of January 10, 2012, its collection of wealth management products assets reached 6.762 billion, is 4 times times a year ago. Among them, a single product venture to create gold season benefits of the establishment of the scale of 2.828 billion, accounting for a record of all collection of financial products of the total size of 40%. Take a close look, venture to create gold season benefits this product neither subscription fees, nor the withdrawal fee, but also not charge management fees, catering to the customer "cheap" mentality. But this money is not to say exempt from, rely on the bank to send the product of the broker to own cushion capital. A large brokerage person told the Financial weekly Reporter: "The product is issued through the bank, in addition to the custody fee, the securities companies need to pay the bank subscription fee, the first sales service fees, customer maintenance fees, such as channel costs, if the product does not accept customer subscription fees, exit fees, there is no management fees, Then this part of the cost will be the securities dealers completely own burden. "Financial weekly reporter Statistics, the first venture in the survival of 13 of the collection of wealth management products, there are 4 products free of charge, of which 3 is mixed bond type, 1 is a balanced mix of products." Channel, the first venture relies on ICBC. At present, there are 8 products are hosted in ICBC, 5 only products hosted in Societe Generale, only the creation of gold value growth hosted in Huaxia Bank. According to South China's capital Management personage, ICBC to low risk products collection of the first channel fee ratio is 8 per thousand, generally not below this ratio. The source said: "The general charge of management fees of securities brokerage products cost pressure will be relatively small, in the cost of the channel to pay the bank, the brokerage only hundreds of thousands of of their own money, the other funds by the customer out." "In accordance with the establishment of a gold season income of 2.828 billion calculation, the first venture to pay ICBC at least 22.62 million yuan."