A Comparative Study of the Buy-Side Advisory Models in China and the United States—Based on A Wealth Management Perspective
With the rapid development of China's capital market,the buy-side advisory model has gradually become a key aspect of wealth management services.This article analyzes the current development status of China's advisory business from the perspective of wealth management by comparing the advisory models of China and the United States,to provide references for the transition to the buy-side advisory model.Through a literature review,the article outlines the research status of wealth management and the advisory industry both at home and abroad,pointing out that China's wealth management services are evolving towards personalization and comprehensiveness.It then summarizes the development history and business models of the advisory industry in the United States and China,and conducts a comparative analysis of the differences between the buy-side advisory models in both countries,including service content,fee structures,and market regulation.The article proposes recommendations such as increasing investment in financial technology,improving customer service,and establishing comprehensive financial solutions,which emphasize that the buy-side advisory model should focus on the preservation and appreciation of clients'assets.Through comprehensive market selection by professional advisory personnel,suitable products can be provided to clients,achieving higher added value and stable investment returns.
US-China Buy-side AdvisoryWealth ManagementAdvisory Business
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