In March this year, a man-machine war attracted much attention. In the end, professional Go player Lee Sedol lost to the artificial intelligence "alphago". The topic of artificial intelligence is once again hot.
Concepts such as intelligent financial management and intelligent investment have also become hot topics in the field of science and technology finance, and the industry recognizes that "de-artificial" intelligent financial services are the future of wealth management and the direction of industry development. Tech finance companies are all working on developing their own smart products.
Artificial intelligence is intensifying, providing a platform for independent financial advisors, and Meng Xin, co-founder and cto of Mido Wealth, who serves the middle class, said at the 2016 fintech 2016 summit hosted by Mustang Finance that at this stage, "smart" is not a panacea. In terms of computing and data analysis, computers surpass humans. But for now, in terms of intuitive feelings and fragmented information processing, the level of computer development is far from being able to compete with people, so in many fields such as wealth management, human beings still have great potential.
There is still a lot of room for the independent financial advisor market
In many Western countries, independent financial advisory services occupy a very important position in the financial services market. From the perspective of the development of independent financial institutions in the world, independent financial institutions have 60% of the market in the United States, 50% of the market in Australia, and in the United Kingdom, independent wealth management companies have far more business than banks.
However, in China, the market share of independent financial advisors is very low. At present, most of the financial planners are serving financial institutions that are mainly banks. Meng Xin said at the summit that banks have a 2% friction cost and are less efficient. Financial planners generate huge profits for the company, but the value they create is not proportional to the income they earn.
With the increasing number of personal assets in China, a large number of independent financial planners who can provide personalized financial services more objectively and impartially are needed. Meng Xin said at the summit that in the Chinese market, the share of independent financial advisers is very low, and from the perspective of mature market development, the future space is quite large.
Independent financial advisors need more platforms to provide service support
In the Chinese market, the level of financial advisors is uneven, and most financial advisers are insufficient.
The efficient docking between financial advisers and customers, in addition to objectively requiring some policy support and the continuous improvement of the financial market, also needs more platforms to provide service support.
Meng Xin said at the summit that Mido Wealth provides a service platform for independent financial advisors and provides four pieces of support.
First, a wealth of financial products
Second, very strong financial training
Third, the overall support of the IT system is divided into a professional system for financial advisors and a system for the general public
Fourth, operational support
As a wealth management cloud service provider, through these four aspects of support services to independent financial advisers, the efficiency of the wealth management industry has been greatly improved, and the interests of financial advisers and customers have been maximized. In the traditional financial institutions, under the layers of exploitation in all aspects, the efficiency of wealth management services is very low, the financial planners pay and the income do not match, and independent financial advisers have become their future development direction.
Meng Xin revealed at the Mustang Finance Summit that the dark horse plan implemented by Mido Wealth this year allows professionals to cultivate these wealth management entrepreneurs.