Trust small loan Covet Wealth management consignment qualification doubt

"A leg of Whitney Finance, a leg of wealth management. "The two-legged saying that the company's future development has been evaluated by the letter's CEO Downing." This means that the letter of credit, which started with microfinance, will formally join the wealth management market after several rounds of financing and the accumulation of tens of thousands of clients. The target group for the letter is 100,000-1 million USD customers. Its financial plan is divided into four categories, among them, three categories of customers with low risk tolerance, medium and high, covering the investment areas including national debt, money market, insurance, trust, bonds, securities investment funds, equity investment funds and so on, there is a kind of public finance projects, to lend money to help farmers out of poverty. Most third-party financial institutions are based on consignment, but some of these products are part of their own development, some from procurement. One of its self-developed products are mainly based on peer-to-peer (person to person, also known as everyone loans) platform fixed income products, the period of 3 months, 6 months, a year, the annual return rate of about 10%, far higher than the bank's financial products yield, the threshold of tens of thousands of yuan. "Many Third-party agencies are also planning to launch their own products, which is the trend of the future." Downing said that the tens of thousands of customers and clients that have accumulated over the past 6 years will be the source of a trusted wealth management client. But the pattern has been debated. Because the basic principle is to match the funds of the borrower and the lender, the operation involves the transfer and guarantee of the creditor, but whether the third party management has the ability of risk control and whether the business of the financial institution is the biggest risk point. Today, Yi-letter and through the consignment has greatly expanded the product line. There are indications that insurance, trusts and funds are likely to be the targets of the consignment. Among the strategic partners in the brochure, more than 30 insurance companies, trust companies and fund firms are listed, such as China Life, Taikang Life (micro-blog), Chinese-iron Trust, Peng Wah Fund (Weibo) and so on. Lu Jingwei, the chief wealth management expert, has denied that it has started working with trusts, but says "cooperation with insurance companies is still in the early stages of exploration, and the fund is still studying". As to whether the insurance and the fund has begun to sell, Lu Yu has not responded to the reporter's message and telephone. This consignment is once again "innovation", risk and opportunity coexist. At present, China is divided into business, the consignment needs the corresponding qualifications, such as the distribution fund and insurance needs of THIRD-PARTY funds sales license and insurance sales qualifications. Not only is there a huge investment, but there is a certain degree of uncertainty. Previously, Li Yigang, a partner in the exhibition, has estimated to the media that the first year of the Fund will need to invest tens of millions of costs, including hardware facilities, marketing and personnel costs. Regulators have given "everyone credit" risk tips, Downing said, "the risk of a hint is a good thing, the hint gives guidance on practice." From the development of the letter of credit, the importance of risk is consistent. "For the next specific strategy of the letter downing vague, but said that independent research and development and procurement of products will exist, the key" is the combination. "Really from a customer perspective, according toTheir case for their screening products. But in today's China, this idea is far from being a reality. At present, the profit model of the trust is still the model of charging commissions for the agencies, while facing multiple risks.