{"version":"1.0","provider_name":"\u4f01\u4e1a\u793e\u4f1a\u8d23\u4efb","provider_url":"https:\/\/www.chinacsr.com\/cn","author_name":"\u4f01\u4e1a\u793e\u4f1a\u8d23\u4efb\u7684\u7f16\u8f91","author_url":"https:\/\/www.chinacsr.com\/cn\/zuojia\/d6f3690bcff14cb83f564ad46135f13743bcd03b","title":"\u4e2d\u8d44\u6295\u987e\u884c\u4e1a\u5c55\u671b\u2014\u2014\u57fa\u4e8e\u4e2d\u7f8e\u5bf9\u6bd4\u89c6\u89d2-\u683c\u9686\u6c47 [ChinaCSR.com] - \u4f01\u4e1a\u793e\u4f1a\u8d23\u4efb","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"5IFvdZl6Ia\"><a href=\"https:\/\/www.chinacsr.com\/cn\/2022\/07\/11\/46718\">\u4e2d\u8d44\u6295\u987e\u884c\u4e1a\u5c55\u671b\u2014\u2014\u57fa\u4e8e\u4e2d\u7f8e\u5bf9\u6bd4\u89c6\u89d2-\u683c\u9686\u6c47<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.chinacsr.com\/cn\/2022\/07\/11\/46718\/embed#?secret=5IFvdZl6Ia\" width=\"600\" height=\"338\" title=\"&#8220;\u4e2d\u8d44\u6295\u987e\u884c\u4e1a\u5c55\u671b\u2014\u2014\u57fa\u4e8e\u4e2d\u7f8e\u5bf9\u6bd4\u89c6\u89d2-\u683c\u9686\u6c47&#8221; &#8212; \u4f01\u4e1a\u793e\u4f1a\u8d23\u4efb\" data-secret=\"5IFvdZl6Ia\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n<\/script>\n","thumbnail_url":"https:\/\/www.chinacsr.com\/cn\/wp-content\/uploads\/cropped-chinacsr-twitter-logo-32x32-1.png","thumbnail_width":32,"thumbnail_height":32,"description":"\u6295\u8d44\u5efa\u8bae \u6295\u987e\u80fd\u529b\u662f\u4e2d\u56fd\u8d22\u5bcc\u7ba1\u7406\u673a\u6784\u5411AUM-oriented\u8f6c\u578b\u7684\u5fc5\u9009\u9879\uff0c\u6295\u987e\u80fd\u529b\u53ef\u6e90\u81ea\u81ea\u6211\u80fd\u529b\u5efa\u8bbe\uff0c\u4ea6\u53ef\u5916\u90e8\u91c7\u8d2d\u6574\u5408\uff0c\u5176\u6743\u91cd\u53d6\u51b3\u4e8e\u57fa\u4e8e\u76ee\u6807\u5ba2\u7fa4\u7684\u5546\u4e1a\u6a21\u5f0f\u9009\u62e9\uff0c\u5177\u4f53\u53c2\u8003\u300a\u4e2d\u56fd\u8d22\u5bcc\u7ba1\u7406\u884c\u4e1a\u5c55\u671b\u2014\u5f15\u5165\u4e2d\u91d1\u5206\u6790\u6846\u67b6\u300b\u3002\u91cd\u7533\u89c2\u70b9\uff0c\u4e2d\u56fd\u8d22\u5bcc\u7ba1\u7406\u5e02\u573a\u5904\u4e8e\u5feb\u901f\u53d1\u5c55\u671f\uff0c\u5176\u4e2d\uff0c\u5305\u62ec\u57fa\u91d1\u6295\u987e\u5728\u5185\u7684\u5e7f\u4e49\u6295\u987e\u4e1a\u52a1\u5e02\u573a\u89c4\u6a21\u7a7a\u95f4\u5927\u3002\u53c2\u4e0e\u673a\u6784\u9700\u8981\u51e0\u5927\u6218\u7565\u6295\u5165\uff0c\u63d0\u5347\u8d44\u4ea7\u914d\u7f6e\u3001\u8d22\u5bcc\u89c4\u5212\u3001\u6295\u8d44\u8005\u6559\u80b2\u3001\u5ba2\u6237\u670d\u52a1\u7b49\u591a\u65b9\u9762\u80fd\u529b\uff0c\u4ee5\u671f\u628a\u63e1\u65f6\u4ee3\u673a\u9047\u3002 \u7406\u7531 \u4e2d\u7f8e\u6295\u987e\u884c\u4e1a\u7684\u56db\u5927\u4e0d\u540c\u3002 1\uff09\u53d1\u5c55\u9636\u6bb5\uff1a \u4e2d\u56fd\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u5904\u4e8e\u8d77\u6b65\u9636\u6bb5\uff0c\u6301\u724c\u673a\u6784\u4ec558\u5bb6\u3002\u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u8f83\u6210\u719f\uff0c2021\u5e74\u6295\u987e\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7128.5\u4e07\u4ebf\u7f8e\u5143\uff0cSEC\u6ce8\u518c\u6295\u987e\u7ba1\u7406\u7f8e\u56fd\u5ba2\u6237\u8d44\u4ea7\u5360\u7f8e\u56fd\u5c45\u6c11\u91d1\u878d\u8d44\u4ea7\u7684\u6bd4\u4f8b\u9ad8\u8fbe80.4%\u3002 2\uff09\u8d44\u8d28\u95e8\u69db\uff1a \u4e0d\u540c\u4e8e\u6211\u56fd\u57fa\u91d1\u6295\u987e\u724c\u7167\uff0c\u7f8e\u56fd\u6295\u987e\u673a\u6784\u5b9e\u884c\u6ce8\u518c\u5236\uff0c\u4e2d\u5c0f\u578b\u6295\u987e\u53ef\u5728\u4e3b\u8425\u4e1a\u52a1\u6240\u5728\u5dde\u6ce8\u518c\uff0c\u5927\u578b\u673a\u6784\u987b\u5728SEC\u6ce8\u518c\u3002 3\uff09\u5ba2\u6237\u8303\u56f4\uff1a \u4e2d\u56fd\u4ee5\u4e2a\u4eba\u6295\u8d44\u8005\u4e3a\u4e3b\uff0c\u7f8e\u56fd\u670d\u52a1\u5bf9\u8c61\u5305\u542b\u4e2a\u4eba\u3001\u4f01\u4e1a\u4ee5\u53ca\u96c6\u5408\u6295\u8d44\u5de5\u5177\uff0c\u5ba2\u6237\u8303\u56f4\u7684\u591a\u6837\u6027\u4e3a\u53c2\u4e0e\u673a\u6784\u63d0\u4f9b\u4e86\u5dee\u5f02\u5316\u7ade\u4e89\u7684\u7a7a\u95f4\u3002 4\uff09\u53ef\u6295\u4ea7\u54c1\u8303\u56f4\uff1a \u6211\u56fd\u57fa\u91d1\u6295\u987e\u7ec4\u5408\u4e3b\u8981\u6295\u8d44\u516c\u52df\u57fa\u91d1\uff0c\u7f8e\u56fd\u6295\u987e\u673a\u6784\u53ef\u4e3a\u5ba2\u6237\u914d\u7f6e\u80a1\u7968\u3001\u503a\u5238\u3001\u516c\u79c1\u52df\u57fa\u91d1\u7b49\u5404\u7c7b\u8d44\u4ea7\u3002 \u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u5f3a\u8005\u6052\u5f3a\uff0c\u4f46\u957f\u5c3e\u7279\u5f81\u660e\u663e\u3002 \u5927\u578b\u6295\u987e\u6570\u91cf\u5c11\u4f46\u6574\u4f53\u7ba1\u7406\u89c4\u6a21\u5927\uff0c2021\u5e74RAUM\u57281,000\u4ebf\u7f8e\u5143\u4ee5\u4e0a\u7684\u6295\u987e\u6570\u91cf\u5360\u6bd41.4%\uff0c\u5176RAUM\u5360\u6bd4\u8fbe66.2%\u3002 \u7ec6\u5206\u5ba2\u6237\u7ec6\u5206\u9886\u57df\u96c6\u4e2d\u5ea6\u7565\u6709\u5dee\u5f02\uff1a \u96f6\u552e\u5927\u4f17\u53ca\u5bcc\u88d5\u5ba2\u6237\u7ba1\u7406\u8d44\u4ea7\u96c6\u4e2d\u5ea6\u9ad8\uff0c2021\u5e74Top20\/30\u4efd\u989d\u5f55\u5f9758%\/64%\uff1b\u96f6\u552e\u9ad8\u51c0\u503c\u5ba2\u6237RAUM\u96c6\u4e2d\u5ea6\u76f8\u5bf9\u8f83\u4f4e\uff0cTop20\/30\u5f55\u5f97\u4efd\u989d41\/46%,\u5934\u90e8\u673a\u6784\u5e02\u5360\u7387\u7a33\u6b65\u63d0\u5347\u3002 \u9488\u5bf9\u76ee\u6807\u5ba2\u7fa4\u9700\u6c42\uff0c\u673a\u6784\u53d1\u5c55\u76f8\u9002\u5e94\u7684\u6e20\u9053\u5e03\u5c40\u3002 \u5934\u90e8\u673a\u6784\u5ba2\u6237\u8303\u56f4\u3001\u670d\u52a1\u533a\u57df\u66f4\u5e7f\u6cdb\uff0c\u5f3a\u8c03\u7ebf\u4e0a\u4e0e\u7ebf\u4e0b\u6e20\u9053\u534f\u540c\u3002\u5f53\u524d\uff0c\u53d7\u9650\u4e8e\u53d1\u5c55\u9636\u6bb5\u8d44\u6e90\u9650\u5236\uff0c \u4e2d\u56fd\u6295\u987e\u673a\u6784\u6e20\u9053\u5e03\u5c40\u4ee5\u7ebf\u4e0a\u4e3a\u4e3b\uff0c\u57fa\u91d1\u516c\u53f8\u5927\u591a\u4e0e\u5e73\u53f0\u673a\u6784\u5408\u4f5c\uff0c\u5c11\u6570\u5e03\u5c40\u5238\u5546\u6e20\u9053\u3002 \u5ba2\u6237\u4ef7\u503c\u8d21\u732e\u5ea6\u662f\u6295\u987e\u4e1a\u52a1\u5546\u4e1a\u6a21\u5f0f\u53ef\u6301\u7eed\u7684\u57fa\u7840\u3002 \u8fd1\u671f\u4e2d\u8d44\u8d22\u5bcc\u673a\u6784AUM\u589e\u957f\u4e0e\u8425\u6536\u589e\u957f\u8d8b\u52bf\u80cc\u79bb\u7684\u73b0\u8c61\u518d\u6b21\u5370\u8bc1\u4e86\u4ee5\u5356\u65b9\u6536\u8d39\u4e3a\u4e3b\u7684\u5546\u4e1a\u6a21\u5f0f\u8f6c\u578b\u4e70\u65b9\u6295\u987e\u7684\u8feb\u5207\u6027\uff0c\u4e5f\u662f\u68b3\u7406\u76ee\u6807\u5ba2\u6237\u3001\u8d22\u5bcc\u673a\u6784\u3001\u5ba2\u6237\u7ecf\u7406\u5229\u76ca\u7684\u57fa\u7840\u3002\u4e2d\u56fd\u8d22\u5bcc\u7ba1\u7406\u5e02\u573a\u5904\u4e8e\u53d1\u5c55\u521d\u671f\uff0c\u6295\u987e\u80fd\u529b\u5c1a\u5f85\u5efa\u8bbe\uff0c\u5ba2\u6237\u4ed8\u8d39\u610f\u613f\u4f4e\u8ff7\uff0c\u56e0\u6b64\u6295\u987e\u673a\u6784\u591a\u91c7\u7528\u51cf\u514d\u4ea4\u6613\u8d39\u7528\u7b49\u65b9\u5f0f\u5438\u5f15\u5ba2\u6237\u3002 \u5411\u524d\u770b\uff0c\u8d22\u5bcc\u7ba1\u7406\u673a\u6784\u6295\u987e\u4e1a\u52a1\u8f6c\u578b\u91cd\u70b9\u5173\u6ce8\uff1a 1\uff09\u653f\u7b56\u5c42\u9762\u9002\u5ea6\u653e\u5f00\u6295\u987e\u4e1a\u52a1\u76ee\u6807\u8d44\u4ea7\u548c\u5ba2\u6237\u8303\u56f4\uff0c\u660e\u786e\u6536\u8d39\u57fa\u7840\uff1b2\uff09\u8d22\u5bcc\u7ba1\u7406\u673a\u6784\u52a0\u5927\u6218\u7565\u6295\u5165\u548c\u63d0\u5347\u8d44\u4ea7\u914d\u7f6e\u80fd\u529b\uff1b3\uff09\u4ece\u6295\u8d44\u8005\u6559\u80b2\u548c\u670d\u52a1\u5165\u624b\uff0c\u964d\u4f4e\u6295\u8d44\u8005\u7684\u975e\u7406\u6027\u884c\u4e3a\u5bfc\u81f4\u7684\u9690\u6027\u6210\u672c\uff0c\u5b9e\u73b0\u6295\u8d44\u51c0\u6536\u76ca\u548c\u6295\u8d44\u4f53\u9a8c\u7684\u6539\u5584\u3002 \u98ce\u9669 \u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u76d1\u7ba1\u6846\u67b6\u51fa\u73b0\u65b0\u53d8\u5316\uff1b\u6295\u987e\u6301\u724c\u673a\u6784\u80fd\u529b\u5efa\u8bbe\u7f13\u6162\u3002 \u6b63\u6587 \u4e2d\u7f8e\u6295\u987e\u884c\u4e1a\u89c4\u6a21\u4e0e\u5ba2\u7fa4\u5dee\u5f02\u660e\u663e \u4e2d\u56fd\uff1a\u57fa\u91d1\u6295\u987e\u5904\u4e8e\u8d77\u6b65\u9636\u6bb5\uff0c\u89c4\u6a21\u589e\u957f\u7a7a\u95f4\u5927 \u6211\u56fd\u7684\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u8bd5\u70b9\u81ea2019\u5e7410\u6708\u63a8\u51fa\u7684\u300a\u5173\u4e8e\u505a\u597d\u516c\u5f00\u52df\u96c6\u8bc1\u5238\u6295\u8d44\u57fa\u91d1\u6295\u8d44\u987e\u95ee\u4e1a\u52a1\u8bd5\u70b9\u5de5\u4f5c\u7684\u901a\u77e5\u300b\uff08\u4ee5\u4e0b\u7b80\u79f0\u300a\u8bd5\u70b9\u5de5\u4f5c\u901a\u77e5\u300b\uff09\u62c9\u5f00\u5e37\u5e55\uff0c\u53d1\u5c55\u81f3\u4eca\u4ec5\u7ea6\u4e24\u5e74\u534a\u65f6\u95f4\uff0c\u4ece\u6301\u724c\u673a\u6784\u6570\u91cf\u4ee5\u53ca\u4e1a\u52a1\u89c4\u6a21\u6765\u770b\uff0c\u90fd\u5c1a\u5904\u4e8e\u8d77\u6b65\u9636\u6bb5\u3002 \u25ba \u6839\u636e\u8d44\u672c\u5e02\u573a\u6807\u51c6\u7f51\u7684\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u7f16\u7801\uff0c\u622a\u81f32022\u5e747\u67089\u65e5\uff0c\u5171\u670958\u5bb6\u673a\u6784\u83b7\u5f97\u4e86\u57fa\u91d1\u6295\u987e\u724c\u7167\u5e76\u5f00\u59cb\u5c55\u4e1a\uff0c\u5176\u4e2d\u8bc1\u5238\u516c\u53f8\uff0830\u5bb6\uff09\u548c\u57fa\u91d1\u53ca\u5b50\u516c\u53f8\uff0825\u5bb6\uff09\u4e3a\u4e3b\uff0c\u6574\u4f53\u6570\u91cf\u663e\u8457\u4f4e\u4e8e\u6211\u56fd\u5176\u4ed6\u8d44\u7ba1\u8d22\u5bcc\u7c7b\u91d1\u878d\u724c\u7167\u3002 \u25ba \u4ece\u4e1a\u52a1\u89c4\u6a21\u6765\u770b\uff0c\u6301\u724c\u673a\u6784\u4e1a\u52a1\u89c4\u6a21\u5c0f\uff0c\u4f46\u589e\u957f\u8fc5\u901f\u3002 \u8bc1\u76d1\u4f1a2021\u5e747\u670816\u65e5\u7684\u65b0\u95fb\u53d1\u5e03\u4f1a\u4fe1\u606f\u663e\u793a\uff0c\u81ea\u300a\u8bd5\u70b9\u5de5\u4f5c\u901a\u77e5\u300b\u51fa\u53f0\u4ee5\u6765\uff0c\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u76ee\u524d\u5408\u8ba1\u670d\u52a1\u8d44\u4ea7\u5df2\u903e500\u4ebf\u5143\uff0c\u670d\u52a1\u6295\u8d44\u8005\u7ea6250\u4e07\u6237\u3002\u6839\u636e\u5404\u5bb6\u5934\u90e8\u673a\u6784\u7684\u62ab\u9732\u6570\u636e\uff0c2021\u5e74\u5e95\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u89c4\u6a21\u81f3\u5c11\u7ea6910\u4ebf\u5143\uff0c\u534a\u5e74\u95f4\u589e\u901f~80%\u3002\u5176\u4e2d\uff0c\u8682\u8681\u57fa\u91d1\u548c\u76c8\u7c73\u57fa\u91d1\u7b7e\u7ea6\u8d44\u4ea7\u89c4\u6a21\u8d85\u8fc7200\u4ebf\u5143\uff0c\u5904\u4e8e\u884c\u4e1a\u524d\u5217\uff0c\u534e\u6cf0\u8bc1\u5238\u3001\u56fd\u8054\u8bc1\u5238\u3001\u56fd\u6cf0\u541b\u5b89\u7b49\u89c4\u6a21\u4e5f\u7eb7\u7eb7\u7a81\u7834100\u4ebf\u5143\u3002\u800c\u4ece\u670d\u52a1\u5ba2\u6237\u6570\u91cf\u6765\u770b\uff0c\u8682\u8681\u57fa\u91d1\u3001\u534e\u6cf0\u8bc1\u5238\u3001\u76c8\u7c73\u57fa\u91d1\u6392\u540d\u9760\u524d\uff0c\u5206\u522b\u4e3a\u7ea6300\u4e07\u6237\u300170\u4e07\u6237\u300123\u4e07\u6237\u3002 \u25ba \u6211\u56fd\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u5ba2\u6237\u4ee5\u4e2a\u4eba\u6295\u8d44\u8005\u4e3a\u4e3b\uff0c\u6301\u724c\u673a\u6784\u5ba2\u6237\u753b\u50cf\u7565\u6709\u5dee\u5f02\u3002 \u7efc\u5408\u6295\u987e\u7b7e\u7ea6\u8d44\u4ea7\u89c4\u6a21\u4e0e\u5ba2\u6237\u6570\u91cf\u53ef\u5f97\u6237\u5747\u7b7e\u7ea6\u89c4\u6a21\uff0c\u5bf9\u6bd4\u6765\u770b\uff0c\u76ee\u524d\u6301\u724c\u673a\u6784\u4e2d\u6237\u5747\u89c4\u6a21\u6700\u4f4e\u7684\u4e3a\u8682\u8681\u57fa\u91d1\uff0c\u7ea66,700\u5143\uff0c\u800c\u6700\u9ad8\u7684\u4e3a\u4e2d\u91d1\u516c\u53f8\uff0c\u7ea612\u4e07\u5143\u3002\u5ba2\u6237\u753b\u50cf\u7684\u5dee\u5f02\u4e00\u65b9\u9762\u53d7\u5230\u673a\u6784\u7684\u5ba2\u6237\u8d44\u6e90\u7980\u8d4b\u5f71\u54cd\uff0c\u53e6\u4e00\u65b9\u9762\u4e0e\u6295\u987e\u4e1a\u52a1\u8d28\u91cf\u5bc6\u5207\u76f8\u5173\u3002\u5f53\u524d\u6211\u56fd\u6295\u987e\u4e1a\u52a1\u5904\u4e8e\u53d1\u5c55\u521d\u671f\uff0c\u76f8\u6bd4\u5438\u5f15\u65b0\u5ba2\u6237\uff0c\u6253\u5f00\u5b58\u91cf\u5ba2\u6237\u5e02\u573a\u8f83\u4e3a\u5bb9\u6613\uff0c\u56e0\u6b64\u5f53\u524d\u5404\u5bb6\u673a\u6784\u7684\u5ba2\u6237\u753b\u50cf\u5dee\u5f02\u66f4\u591a\u6765\u81ea\u5ba2\u6237\u8d44\u6e90\u7980\u8d4b\uff0c\u4f46\u957f\u671f\u6765\u770b\u6295\u987e\u4e1a\u52a1\u8d28\u91cf\u624d\u662f\u63d0\u9ad8\u6237\u5747\u8d44\u4ea7\u7684\u91cd\u8981\u4fdd\u969c\u3002\u9274\u4e8e\u6295\u987e\u4e1a\u52a1\u4ee5\u5ba2\u6237\u4e3a\u4e2d\u5fc3\u7684\u6838\u5fc3\u903b\u8f91\uff0c\u5404\u5bb6\u673a\u6784\u5e94\u5f53\u7ed3\u5408\u81ea\u8eab\u4f18\u52a3\u52bf\u627e\u51c6\u5ba2\u6237\u5b9a\u4f4d\uff0c\u6df1\u8015\u76ee\u6807\u5ba2\u7fa4\u4ee5\u83b7\u53d6\u5ba2\u6237\u4fe1\u4efb\uff0c\u65b9\u80fd\u5b9e\u73b0\u8d44\u4ea7\u89c4\u6a21\u7684\u53ef\u6301\u7eed\u589e\u957f\u3002 \u53c2\u8003\u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u7684\u53d1\u5c55\u60c5\u51b5\uff0c\u52a0\u4e4b\u76ee\u524d\u56fd\u5185\u4f9b\u9700\u4e24\u7aef\u90fd\u5bf9\u4ee5\u57fa\u91d1\u6295\u987e\u4e3a\u4ee3\u8868\u7684\u201c\u4e70\u65b9\u6295\u987e\u201d\u6a21\u5f0f\u5177\u6709\u8feb\u5207\u7684\u9700\u6c42\uff0c\u6211\u4eec\u8ba4\u4e3a\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u89c4\u6a21\u589e\u957f\u7a7a\u95f4\u5927\u3002\u673a\u6784\u5e94\u5f53\u63d0\u524d\u5efa\u8bbe\u81ea\u8eab\u7684\u8d44\u4ea7\u914d\u7f6e\u3001\u8d22\u5bcc\u89c4\u5212\u3001\u6295\u8d44\u8005\u6559\u80b2\u3001\u5ba2\u6237\u670d\u52a1\u7b49\u591a\u65b9\u9762\u80fd\u529b\uff0c\u4ee5\u671f\u6293\u4f4f\u884c\u4e1a\u5feb\u901f\u53d1\u5c55\u7684\u673a\u9047\u3002 \u56fe\u88681\uff1a\u83b7\u5f97\u57fa\u91d1\u6295\u987e\u724c\u7167\u7684\u91d1\u878d\u673a\u6784 \u8d44\u6599\u6765\u6e90\uff1a\u8d44\u672c\u5e02\u573a\u6807\u51c6\u7f51\uff0c\u8bc1\u76d1\u4f1a\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u6ce8\uff1a\u6b64\u5904\u7684\u7edf\u8ba1\u4ee5\u8d44\u672c\u5e02\u573a\u6807\u51c6\u7f51\u4e0a\u5b58\u5728\u4e1a\u52a1\u7f16\u7801\u4e3a\u51c6\uff0c\u65f6\u95f4\u622a\u81f32022\u5e747\u67089\u65e5 \u56fe\u88682\uff1a\u4e0e\u5176\u4ed6\u8d44\u7ba1\u8d22\u5bcc\u7c7b\u724c\u7167\u76f8\u6bd4\uff0c\u57fa\u91d1\u6295\u987e\u724c\u7167\u6570\u91cf\u6700\u5c11\uff0c\u6709\u5b9e\u8d28\u6027\u4e1a\u52a1\u5f00\u5c55\u7684\u673a\u6784\u4ec558\u5bb6 \u8d44\u6599\u6765\u6e90\uff1a\u4e2d\u56fd\u8bc1\u76d1\u4f1a\uff0c\u4e2d\u56fd\u8bc1\u5238\u4e1a\u534f\u4f1a\uff0c\u8d44\u672c\u5e02\u573a\u6807\u51c6\u7f51\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a1\uff09\u6b64\u5904\u7684\u57fa\u91d1\u6295\u987e\u6301\u724c\u673a\u6784\u6309\u7167\u8d44\u672c\u5e02\u573a\u6807\u51c6\u7f51\u4e0a\u5177\u6709\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u7f16\u7801\u7684\u673a\u6784\u7edf\u8ba1\uff1b2\uff09\u57fa\u91d1\u6295\u987e\u548c\u79c1\u52df\u57fa\u91d1\u7ba1\u7406\u4eba\u724c\u7167\u6570\u91cf\u7edf\u8ba1\u622a\u6b622022\u5e747\u67089\u65e5\uff0c\u516c\u52df\u57fa\u91d1\u7ba1\u7406\u4eba\u724c\u7167\u548c\u57fa\u91d1\u9500\u552e\u673a\u6784\u724c\u7167\u7edf\u8ba1\u622a\u6b622022\u5e745\u6708\u5e95\u3002 \u56fe\u88683\uff1a\u83b7\u5f97\u57fa\u91d1\u6295\u987e\u724c\u7167\u7684\u673a\u6784\u4e1a\u52a1\u89c4\u6a21\u4e00\u89c8 \u8d44\u6599\u6765\u6e90\uff1a\u516c\u53f8\u5e74\u62a5\uff0c\u5404\u5bb6\u673a\u6784\u5b98\u7f51\u3001App\uff0c\u6743\u5a01\u5a92\u4f53\u65b0\u95fb\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u6ce8\uff1a1\uff09\u6613\u65b9\u8fbe\u57fa\u91d1\uff1b2\uff09\u5357\u65b9\u57fa\u91d1\u3001\u5609\u5b9e\u8d22\u5bcc\u3001\u534e\u590f\u8d22\u5bcc\uff1b3\uff09\u4e2d\u6b27\u57fa\u91d1\uff1b4\uff09\u4e2d\u4fe1\u8bc1\u5238\u3001\u534e\u6cf0\u8bc1\u5238\u3001\u56fd\u8054\u8bc1\u5238\u3001\u56fd\u6cf0\u541b\u5b89\uff1b5\uff09\u94f6\u6cb3\u8bc1\u5238\u3001\u4e2d\u4fe1\u5efa\u6295\uff1b6\uff09\u4e2d\u91d1\u516c\u53f8\uff1b7\uff09\u7533\u4e07\u5b8f\u6e90\uff1b8\uff09\u8682\u8681\u57fa\u91d1\uff1b9\uff09\u76c8\u7c73\u57fa\u91d1 \u7f8e\u56fd\uff1a\u5728\u91d1\u878d\u4e1a\u4e2d\u5360\u636e\u91cd\u8981\u5730\u4f4d\uff1b\u5ba2\u6237\u5b9a\u4f4d\u662f\u5f71\u54cd\u7ade\u4e89\u683c\u5c40\u7684\u5173\u952e\u56e0\u7d20 \u7f8e\u56fd\u7684\u6295\u987e\u8d44\u8d28\u5b9e\u884c\u5dde\u548cSEC\u4e24\u7ea7\u6ce8\u518c\u5236\uff0c\u673a\u6784\u53ef\u5411\u4e3b\u8981\u8425\u4e1a\u5730\u70b9\u6240\u5728\u5dde\u7684\u8bc1\u5238\u76d1\u7ba1\u90e8\u95e8\u3001\u6216\u5411\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u7533\u8bf7\u6ce8\u518c\u4e3a\u6295\u8d44\u987e\u95ee\uff08Registered investment advisor\uff0cRIA\uff09\uff0c\u5176\u4e2dSEC\u6ce8\u518c\u8981\u6c42\u66f4\u9ad8\u3002\u4e00\u822c\u800c\u8a00\uff0c\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a21\uff08Regulatory Assets Under Management\uff0cRAUM\uff09\u5c0f\u4e8e1\u4ebf\u7f8e\u5143\u7684\u4e2d\u5c0f\u578b\u987e\u95ee\u53ef\u4ee5\u5728\u5176\u4e3b\u8981\u8425\u4e1a\u5730\u70b9\u6240\u5728\u5dde\u6ce8\u518c\uff0c\u800cRAUM\u5927\u4e8e1\u4ebf\u7f8e\u5143\u7684\u673a\u6784\u5fc5\u987b\u5728SEC\u6ce8\u518c\u3002\u4f46\u4e5f\u6709\u4f8b\u5916\u60c5\u51b5\u4f1a\u5141\u8bb8\u6216\u8981\u6c42\u4e2d\u5c0f\u578b\u6295\u987e\u5728SEC\u6ce8\u518c\uff0c\u4f8b\u5982\u4e3a\u6295\u8d44\u516c\u53f8\u63d0\u4f9b\u6295\u987e\u670d\u52a1\u3001\u4e3b\u8981\u901a\u8fc7\u4e92\u8054\u7f51\u63d0\u4f9b\u6295\u987e\u670d\u52a1\u3001\u9700\u8981\u572815\u4e2a\u4ee5\u4e0a\u5dde\u6ce8\u518c\u7b49\u3002\u9700\u8981\u6ce8\u610f\u7684\u662f\uff0c\u5411\u76d1\u7ba1\u673a\u6784\u63d0\u4ea4\u6295\u987e\u6ce8\u518c\u7533\u8bf7\u7684\u4e3b\u4f53\u5fc5\u987b\u4e3a\u673a\u6784\uff0c\u4e2a\u4eba\u65e0\u6cd5\u76f4\u63a5\u6ce8\u518c\u4e3aRIA\u3002\u4e2a\u4eba\u4ece\u4e8b\u6295\u987e\u4e1a\u52a1\u53ef\u4ee5\u901a\u8fc7\u6210\u7acb\u4e2a\u4eba\u72ec\u8d44\u4f01\u4e1a\u3001\u5408\u4f19\u4f01\u4e1a\u7b49\u4f01\u4e1a\u6765\u6ce8\u518c\uff0c\u6216\u8005\u901a\u8fc7\u4e00\u7cfb\u5217\u8003\u8bd5\u3001\u5165\u804cRIA\u673a\u6784\u540e\u7531\u673a\u6784\u4e3a\u5176\u5728\u76d1\u7ba1\u673a\u6784\u6ce8\u518c\u4e3aRIA\u4ee3\u8868\uff08Registered investment advisers representatives\uff09\u3002 \u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u89c4\u6a21\u5927\uff0c\u4ece\u4f9b\u9700\u4e24\u7aef\u6765\u770b\u5728\u91d1\u878d\u884c\u4e1a\u53ca\u5c45\u6c11\u8d22\u5bcc\u7ba1\u7406\u4e2d\u90fd\u5360\u636e\u91cd\u8981\u5730\u4f4d\u3002 2021\u5e74\u6295\u987e\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21\u8fbe\u5230128.5\u4e07\u4ebf\u7f8e\u5143\uff0c99.7%\u7531SEC\u6ce8\u518c\u6295\u987e\u8d21\u732e\uff0c\u5176\u4e2d\u5168\u6743\u59d4\u6258\u8d44\u4ea7\u5360\u6bd4\u8fbe\u523091%\u3002\u6295\u987e\u884c\u4e1a\u5728\u7f8e\u56fd\u91d1\u878d\u884c\u4e1a\u548c\u5c45\u6c11\u8d22\u5bcc\u7ba1\u7406\u4e2d\u90fd\u5360\u636e\u91cd\u8981\u5730\u4f4d\u3002\u4f9b\u7ed9\u7aef\u6765\u770b\uff0c2021\u5e74\u7f8e\u56fd\u6ce8\u518c\u6295\u987e\u6570\u91cf\u8fbe3.25\u4e07\u5bb6\uff0c\u8fdc\u8fdc\u8d85\u8fc7\u5176\u4ed6\u91d1\u878d\u4e1a\u52a1\u673a\u6784\u6570\u91cf\uff1b\u9700\u6c42\u7aef\uff0c2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u7ba1\u7406\u7684\u7f8e\u56fd\u5c45\u6c11\u8d44\u4ea7\u5728\u7f8e\u56fd\u5c45\u6c11\u91d1\u878d\u8d44\u4ea7\u4e2d\u5360\u6bd4\u9ad8\u8fbe80.4%\uff0c\u4e0e2018\u5e74\u76f8\u6bd4\u4e0a\u534710.6ppt\u3002 \u25ba \u4f9b\u7ed9\u7aef\uff1a\u7f8e\u56fd\u6295\u987e\u673a\u6784\u6570\u91cf\u4e0e\u4ece\u4e1a\u4eba\u5458\u6570\u91cf\u90fd\u8f83\u591a\uff0c\u5728\u91d1\u878d\u884c\u4e1a\u4e2d\u5360\u636e\u91cd\u8981\u5730\u4f4d\u3002 2021\u5e74\u7f8e\u56fd\u6295\u987e\u673a\u6784\u6570\u91cf\u8fbe\u52303.25\u4e07\u5bb6\uff0c\u540c\u6bd4\u589e\u957f3.7%\uff0c\u663e\u8457\u9ad8\u4e8e\u8bc1\u5238\u7ecf\u7eaa\u516c\u53f8\u3001\u94f6\u884c\u53ca\u50a8\u84c4\u673a\u6784\u3001\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u7b49\u7684\u6570\u91cf\u3002\u5176\u4e2d\u5dde\u6ce8\u518c\u673a\u67841.74\u4e07\u5bb6\uff0c\u7565\u9ad8\u4e8eSEC\u6ce8\u518c\u673a\u6784\u6570\u91cf\uff0c\u4e0eRAUM\u7684\u5206\u5e03\u7ed3\u6784\u5dee\u5f02\u660e\u663e\uff0c\u4e3b\u8981\u539f\u56e0\u5728\u4e8e\u5dde\u6ce8\u518c\u6295\u987e\u5927\u591a\u4e3a\u53ea\u805a\u7126\u5f53\u5730\u5ba2\u6237\u7684\u5c0f\u578b\u673a\u6784\uff0c\u6839\u636eNASAA\uff08North American Securities Administrators Association\uff09\u7edf\u8ba1\uff0c2021\u5e7481%\u7684\u5dde\u6ce8\u518c\u6295\u987e\u4ec5\u67091-2\u540d\u5458\u5de5\uff0c\u5e73\u5747\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21\u4e3a2,376\u4e07\u7f8e\u5143\u3002\u4ece\u4e1a\u4eba\u5458\u65b9\u9762\uff0c2020\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u62e5\u670988\u4e07\u540d\u5458\u5de5\uff082021\u5e74\u4e3a93.6\u4e07\u540d\uff09\uff0c\u5728\u7f8e\u56fd\u6240\u6709\u91d1\u878d\u4e1a\u4ece\u4e1a\u4eba\u5458\u4e2d\u5360\u6bd413.9%\uff0c\u5e76\u4e14\u6301\u7eed\u63d0\u5347\uff0c\u4e0e2012\u5e74\u76f8\u6bd4\u63d0\u9ad81.4 ppt\u3002 \u25ba \u9700\u6c42\u7aef\uff1a\u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u670d\u52a1\u7684\u5ba2\u6237\u7c7b\u578b\u591a\u6837\uff0c\u65e2\u53ef\u4ee5\u662f\u4e2a\u4eba\u548c\u673a\u6784\uff0c\u4e5f\u53ef\u4ee5\u662f\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u3002 \u4e0d\u540c\u7684\u5ba2\u7fa4\u5728\u6570\u91cf\u548c\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21\u4e0a\u5dee\u5f02\u8f83\u5927\uff0c\u96f6\u552e\u5ba2\u7fa4\u6570\u91cf\u4f17\u591a\uff0c\u4f46RAUM\u89c4\u6a21\u5c0f\uff0c\u800c\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5ba2\u6237\u6570\u91cf\u5c11\uff0c\u5374\u8d21\u732e\u4e86\u5927\u91cfRAUM\u3002\u5355\u5ba2RAUM\u5dee\u5f02\u53cd\u6620\u51fa\u7684\u5ba2\u6237\u5c5e\u6027\u5dee\u5f02\u51b3\u5b9a\u4e86\u5ba2\u6237\u5b9a\u4f4d\u4e0d\u540c\u7684\u6295\u987e\u673a\u6784\u4e1a\u52a1\u6a21\u5f0f\u4e0e\u6838\u5fc3\u7ade\u4e89\u529b\u4e5f\u6709\u4e0d\u540c\uff0c\u4e3a\u53c2\u4e0e\u673a\u6784\u63d0\u4f9b\u4e86\u66f4\u591a\u5dee\u5f02\u5316\u7ade\u4e89\u7684\u7a7a\u95f4\u30022021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u670d\u52a1\u5ba2\u6237\u65706,479\u4e07\u4eba\uff0c\u5176\u4e2d\u96f6\u552e\u5927\u4f17\u53ca\u5bcc\u88d5\u5ba2\u62374,381\u4e07\u4eba\uff0c\u96f6\u552e\u9ad8\u51c0\u503c\u5ba2\u6237691\u4e07\u4eba\uff0c\u96f6\u552e\u5ba2\u6237\u5408\u8ba1\u5360\u6bd478.3%\u3002\u6b64\u5916\uff0c18.1%\u7684\u5ba2\u6237\u4e3a\u65e0\u7ba1\u7406\u8d44\u4ea7\u5ba2\u6237\uff0c\u5373\u6295\u987e\u673a\u6784\u4ec5\u4e3a\u5ba2\u6237\u63d0\u4f9b\u8d22\u5bcc\u89c4\u5212\u65b9\u6848\u7b49\u6295\u8d44\u5efa\u8bae\u3001\u4e0d\u5e2e\u52a9\u5ba2\u6237\u843d\u5b9e\u65b9\u6848\uff0c\u670d\u52a1\u8be5\u7c7b\u5ba2\u6237\u5bf9\u6295\u987e\u673a\u6784\u7684\u5404\u9879\u4e13\u4e1a\u80fd\u529b\u8981\u6c42\u66f4\u9ad8\u3002\u800c\u4eceRAUM\u7684\u7ed3\u6784\u6765\u770b\uff0c2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u7ba1\u7406\u7684\u8d44\u4ea7\u89c4\u6a21\u5171128\u4e07\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d61.4%\u6765\u81ea\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5ba2\u6237\uff0c\u800c\u6570\u91cf\u5360\u6bd4\u6700\u591a\u7684\u96f6\u552e\u5ba2\u6237\u4ec5\u8d21\u732e\u4e8614.8%\u7684RAUM\uff0c\u53cd\u6620\u51fa\u96f6\u552e\u5ba2\u6237\u7684\u6237\u5747RAUM\u4e0e\u673a\u6784\u5ba2\u6237\u7684\u663e\u8457\u5dee\u8ddd\u3002 \u56fe\u88684\uff1a \u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u89c4\u6a21\u5927\uff0c2021\u5e74\u6240\u6709\u6295\u987e\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7128.5\u4e07\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2dSEC\u6ce8\u518c\u6295\u987e\u7ba1\u7406\u7f8e\u56fd\u5ba2\u6237\u8d44\u4ea7\u5360\u7f8e\u56fd\u5c45\u6c11\u91d1\u878d\u8d44\u4ea7\u7684\u6bd4\u4f8b\u9ad8\u8fbe80.4% \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0cBEA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a1\uff092021\u5e74\u4e4b\u524d\u7684\u5dde\u6ce8\u518c\u6295\u987e\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a21\u6570\u636e\u4e0d\u53ef\u5f97\u30022\uff09\u540c\u4e00\u7b14\u5ba2\u6237\u8d44\u4ea7\u53ef\u80fd\u88ab\u4e0d\u540c\u7684\u6295\u987e\u673a\u6784\u91cd\u590d\u8ba1\u7b97\u3002 \u56fe\u88685\uff1a\u4ece\u7ba1\u7406\u6a21\u5f0f\u6765\u770b\uff0c\u5168\u6743\u59d4\u6258\u662f\u4e3b\u8981\u7684\u5ba2\u6237\u8d44\u4ea7\u7ba1\u7406\u65b9\u5f0f\uff0c2021\u5e74RAUM\u5360\u6bd4\u8fbe\u523091% \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u88686\uff1a2021\u5e74\u5e95\u7f8e\u56fd\u6ce8\u518c\u6295\u987e\u673a\u6784\u8fbe\u52303.25\u4e07\u5bb6\uff0c\u5176\u4e2d1.74\u4e07\u5bb6\u4e3a\u5dde\u6ce8\u518c\uff0c\u6574\u4f53\u6570\u91cf\u660e\u663e\u8d85\u51fa\u5176\u4ed6\u91d1\u878d\u4e1a\u673a\u6784 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0cFINRA\uff0cFDIC\uff0cICI\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u88687\uff1a2020\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u62e5\u670988\u4e07\u540d\u5458\u5de5\uff0c\u5728\u7f8e\u56fd\u6240\u6709\u91d1\u878d\u4e1a\u4ece\u4e1a\u4eba\u5458\u4e2d\u5360\u6bd413.9% \u8d44\u6599\u6765\u6e90\uff1aBEA\uff0cSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u88688\uff1a2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u670d\u52a1\u5ba2\u6237\u65706,479\u4e07\u4eba\uff0c\u5176\u4e2d\u96f6\u552e\u5ba2\u6237\u5408\u8ba1\u5360\u6bd478.3% \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a1)\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5305\u62ec\u5404\u7c7b\u57fa\u91d1\u3001\u5546\u4e1a\u53d1\u5c55\u516c\u53f8\u548c\u5176\u4ed6\u96c6\u5408\u6295\u8d44\u8ba1\u5212\uff1b\u91d1\u878d\u540c\u4e1a\u5305\u542b\u94f6\u884c\u548c\u50a8\u84c4\u673a\u6784\u3001\u4fdd\u9669\u516c\u53f8\u3001\u5176\u4ed6\u6295\u8d44\u987e\u95ee\uff1b\u975e\u91d1\u878d\u4f01\u4e1a\u548c\u673a\u6784\u5305\u62ec\u517b\u8001\u91d1\u548c\u5229\u76ca\u5206\u4eab\u8ba1\u5212\u3001\u6148\u5584\u673a\u6784\u3001\u5dde\u53ca\u5e02\u653f\u5355\u4f4d\u3001\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\u53ca\u5916\u56fd\u5b98\u65b9\u673a\u6784\u3001\u5b9e\u4f53\u4f01\u4e1a\u7b49\u30022\uff09\u65e0\u7ba1\u7406\u8d44\u4ea7\u5ba2\u6237\u6307\u7684\u662f\u6ca1\u6709\u4f7f\u7528\u6295\u987e\u673a\u6784\u63d0\u4f9b\u7684\u8d44\u4ea7\u7ba1\u7406\u670d\u52a1\uff0c\u800c\u4ec5\u4ec5\u63a5\u53d7\u5176\u4ed6\u7c7b\u578b\u7684\u6295\u8d44\u5efa\u8bae\uff0c\u4f8b\u5982\u5e2e\u52a9\u5236\u5b9a\u8d22\u52a1\u8ba1\u5212\u7b49\u30023\uff09\u9ad8\u51c0\u503c\u5ba2\u6237\u7684\u6807\u51c6\u662f\u5728\u8be5\u6295\u8d44\u987e\u95ee\u5904\u7684AUM\u5728100\u4e07\u7f8e\u5143\u4ee5\u4e0a\u6216\u51c0\u8d22\u5bcc\u4e0d\u5c11\u4e8e210\u4e07\u7f8e\u5143 \u56fe\u88689\uff1a2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987eRAUM\u5171128\u4e07\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d61.4%\u6765\u81ea\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5ba2\u6237\uff0c\u96f6\u552e\u5ba2\u6237\u4ec5\u8d21\u732e14.8% \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a1)\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5305\u62ec\u5404\u7c7b\u57fa\u91d1\u3001\u5546\u4e1a\u53d1\u5c55\u516c\u53f8\u548c\u5176\u4ed6\u96c6\u5408\u6295\u8d44\u8ba1\u5212\uff1b\u91d1\u878d\u540c\u4e1a\u5305\u542b\u94f6\u884c\u548c\u50a8\u84c4\u673a\u6784\u3001\u4fdd\u9669\u516c\u53f8\u3001\u5176\u4ed6\u6295\u8d44\u987e\u95ee\uff1b\u975e\u91d1\u878d\u4f01\u4e1a\u548c\u673a\u6784\u5305\u62ec\u517b\u8001\u91d1\u548c\u5229\u76ca\u5206\u4eab\u8ba1\u5212\u3001\u6148\u5584\u673a\u6784\u3001\u5dde\u53ca\u5e02\u653f\u5355\u4f4d\u3001\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\u53ca\u5916\u56fd\u5b98\u65b9\u673a\u6784\u3001\u5b9e\u4f53\u4f01\u4e1a\u7b49\u30022\uff09\u65e0\u7ba1\u7406\u8d44\u4ea7\u5ba2\u6237\u6307\u7684\u662f\u6ca1\u6709\u4f7f\u7528\u6295\u987e\u673a\u6784\u63d0\u4f9b\u7684\u8d44\u4ea7\u7ba1\u7406\u670d\u52a1\uff0c\u800c\u4ec5\u4ec5\u63a5\u53d7\u5176\u4ed6\u7c7b\u578b\u7684\u6295\u8d44\u5efa\u8bae\uff0c\u4f8b\u5982\u5e2e\u52a9\u5236\u5b9a\u8d22\u52a1\u8ba1\u5212\u7b49\u30023\uff09\u9ad8\u51c0\u503c\u5ba2\u6237\u7684\u6807\u51c6\u662f\u5728\u8be5\u6295\u8d44\u987e\u95ee\u5904\u7684AUM\u5728100\u4e07\u7f8e\u5143\u4ee5\u4e0a\u6216\u51c0\u8d22\u5bcc\u4e0d\u5c11\u4e8e210\u4e07\u7f8e\u5143 \u56fe\u886810\uff1a2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u96f6\u552e\u5927\u4f17\u53ca\u5bcc\u88d5\u3001\u96f6\u552e\u9ad8\u51c0\u503c\u5ba2\u6237\u6237\u5747RAUM\u5206\u522b\u4e3a16\u4e07\u7f8e\u5143\u548c171\u4e07\u7f8e\u5143\uff0c\u663e\u8457\u4f4e\u4e8e\u673a\u6784\u5ba2\u6237\u548c\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5ba2\u6237 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a\u9ad8\u51c0\u503c\u5ba2\u6237\u7684\u6807\u51c6\u662f\u5728\u8be5\u6295\u8d44\u987e\u95ee\u5904\u7684AUM\u5728100\u4e07\u7f8e\u5143\u4ee5\u4e0a\u6216\u51c0\u8d22\u5bcc\u4e0d\u5c11\u4e8e210\u4e07\u7f8e\u5143 \u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u53c2\u4e0e\u673a\u6784\u4ece\u7ec4\u7ec7\u5f62\u5f0f\u4e0a\u6765\u770b\u4ee5\u201c\u900f\u660e\u5b9e\u4f53\u201d\uff08Pass-through entity\uff09\u4e3a\u4e3b\uff0c\u7ea6\u4e03\u6210\u673a\u6784\u4f1a\u540c\u65f6\u5f00\u5c55\u6295\u987e\u4e4b\u5916\u7684\u5176\u4ed6\u8d44\u7ba1\u8d22\u5bcc\u76f8\u5173\u4e1a\u52a1\uff0c\u5c24\u5176\u662f\u96c6\u5408\u6295\u8d44\u7ba1\u7406\u3001\u4fdd\u9669\u3001\u7ecf\u7eaa\u4e1a\u52a1\u7b49\uff0c\u4f53\u73b0\u4e86\u5176\u591a\u5143\u4e1a\u52a1\u5e03\u5c40\u3002 2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u4e2d70.3%\u91c7\u7528\u201c\u900f\u660e\u5b9e\u4f53\u201d\uff08\u666e\u901a\u5408\u4f19\u3001\u6709\u9650\u5408\u4f19\u3001\u6709\u9650\u8d23\u4efb\u5408\u4f19\u3001\u6709\u9650\u8d23\u4efb\u516c\u53f8\uff09\u7684\u7ec4\u7ec7\u5f62\u5f0f\uff0c\u6bd42000\u5e74\u768425.5%\u5927\u5e45\u4e0a\u534744.8ppt\u3002\u4e0e\u80a1\u4efd\u6709\u9650\u516c\u53f8\u76f8\u6bd4\uff0c\u900f\u660e\u5b9e\u4f53\u7ecf\u8425\u4e0a\u76f8\u5bf9\u7075\u6d3b\uff0c\u6240\u6709\u8005\u4e0e\u516c\u53f8\u7684\u8d22\u4ea7\u5173\u8054\u5ea6\u66f4\u9ad8\uff0c\u4eba\u7684\u4f5c\u7528\u66f4\u52a0\u51f8\u663e\uff0c\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u4e5f\u4f53\u73b0\u4e86\u6295\u987e\u4e1a\u52a1\u4ee5\u5ba2\u6237\u4e3a\u4e2d\u5fc3\u3001\u9700\u8981\u901a\u8fc7\u6c9f\u901a\u4ea4\u6d41\u5efa\u7acb\u5145\u5206\u4fe1\u4efb\u7684\u4e1a\u52a1\u672c\u8d28\u3002\u9664\u4e86\u6295\u987e\u4e1a\u52a1\u4e4b\u5916\uff0c2021\u5e7466.9%\u7684\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u4f1a\u4ece\u4e8b\u5176\u4ed6\u76f8\u5173\u4e1a\u52a1\uff0c\u5176\u4e2d\u4ece\u4e8b\u673a\u6784\u6570\u91cf\u5360\u6bd4\u6700\u5927\u7684\u662f\u96c6\u5408\u6295\u8d44\u5de5\u5177\u7ba1\u7406\uff0835.8%\uff09\u3001\u4fdd\u9669\u4e1a\u52a1\uff0821.4%\uff09\u53ca\u5927\u5b97\u5546\u54c1\u6295\u8d44\u7ba1\u7406\uff0820.5%\uff09\uff0c\u6b64\u5916\uff0c\u8fd8\u67098.1%\u548c3.0%\u7684\u673a\u6784\u4ece\u4e8b\u4f1a\u8ba1\u3001\u5f8b\u5e08\u7b49\u4e1a\u52a1\uff0c\u4f53\u73b0\u4e86\u6295\u987e\u673a\u6784\u56f4\u7ed5\u5ba2\u6237\u9700\u6c42\u7684\u591a\u5143\u7efc\u5408\u4e1a\u52a1\u5e03\u5c40\u3002 \u4ece\u7ade\u4e89\u683c\u5c40\u6765\u770b\uff0c\u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u5ba2\u6237\u7c7b\u578b\u3001\u7ecf\u8425\u5730\u57df\u7b49\u7684\u591a\u6837\u6027\u51b3\u5b9a\u4e86\u884c\u4e1a\u957f\u5c3e\u7279\u5f81\u660e\u663e\u3002\u7ba1\u7406\u8d44\u4ea7\u57281\u4ebf\u7f8e\u5143\u4ee5\u4e0b\u7684\u4e2d\u5c0f\u578b\u6295\u987e\u673a\u6784\u6570\u91cf\u4f17\u591a\uff0c\u5408\u8ba1\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21\u5c0f\uff0c\u800c\u5927\u578b\u6295\u987e\u6570\u91cf\u5c11\u4f46\u6574\u4f53\u7ba1\u7406\u89c4\u6a21\u5927\u3001\u5f7c\u6b64\u4e4b\u95f4\u7ade\u4e89\u6fc0\u70c8\uff0c\u5934\u90e8\u673a\u6784\u7684\u5e02\u5360\u7387\u4ec5\u4e3a\u4e2a\u4f4d\u6570\u3002 \u25ba 79.6%\u7684\u673a\u6784\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a21\u5904\u4e8e1\u4ebf-50\u4ebf\u7f8e\u5143\u533a\u95f4\u3002 2021\u5e74\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a21\u57281\u4ebf-10\u4ebf\u7f8e\u5143\u7684\u6295\u987e\u673a\u6784\u6570\u91cf\u6700\u591a\uff0c\u8fbe\u52308,609\u5bb6\uff0c\u5360\u6bd459.5%\uff0c\u5176\u6b21\u662f10-50\u4ebf\u7f8e\u5143\u533a\u95f4\uff0c\u5360\u6bd420.1%\u3002 RAUM\u89c4\u6a21\u518d\u5411\u4e0a\u6216\u5411\u4e0b\u7684\u673a\u6784\u6570\u91cf\u5360\u6bd4\u90fd\u8f83\u5c11\uff0c RAUM\u89c4\u6a21\u57281,000\u4ebf\u7f8e\u5143\u4ee5\u4e0a\u7684\u6295\u987e\u4ec5208\u5bb6\uff08\u5360\u6bd41.4%\uff09\uff0c\u4f46\u662f\u5176\u5408\u8ba1\u7ba1\u7406\u7684RAUM\u5360\u5168\u884c\u4e1a\u768466.2%\uff0c\u4e0e2018\u5e74\u768459.7%\u76f8\u6bd4\u63d0\u5347\u4e866.5ppt\u3002\u7efc\u4e0a\uff0c\u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u867d\u7136\u673a\u6784\u6570\u91cf\u4f17\u591a\uff0c\u4f46\u5b58\u5728\u660e\u663e\u7684\u5c11\u6570\u673a\u6784\u7ba1\u7406\u591a\u6570\u8d44\u4ea7\u7684\u60c5\u51b5\uff0c\u957f\u5c3e\u7279\u5f81\u7a81\u51fa\u3002\u540c\u6837\u5730\uff0c\u5458\u5de5\u4eba\u6570\u5206\u5e03\u4e5f\u5370\u8bc1\u4e86\u8fd9\u4e00\u7279\u5f81\uff0c2021\u5e74\u5458\u5de5\u4eba\u6570\u572810\u4eba\u4ee5\u4e0b\u7684\u6295\u987e\u673a\u6784\u8fbe8,954\u5bb6\uff0c\u5360\u6bd459.2%\uff0c\u800c\u62e5\u6709\u8d85\u8fc7500\u4e2a\u5458\u5de5\u7684\u673a\u6784\u4ec5242\u5bb6\uff0c\u5360\u6bd41.6%\u3002 \u25ba \u5927\u578b\u673a\u6784\u4e4b\u95f4\u7ade\u4e89\u6fc0\u70c8\uff0c\u884c\u4e1a\u683c\u5c40\u5206\u6563\uff0c\u4f46\u91d1\u878d\u5371\u673a\u4ee5\u6765\u5934\u90e8\u673a\u6784\u5e02\u5360\u7387\u7a33\u6b65\u63d0\u5347\u3002 \u6309\u7167\u5168\u90e8RAUM\u5ea6\u91cf\uff0c2021\u5e74Top20 \/ Top10 \/ Top1\u673a\u6784\u7684\u5e02\u5360\u7387\u5206\u522b\u4e3a30.2% \/ 22.3% \/ 6.1%\uff0c\u4e0e2018\u5e74\u76f8\u6bd4\u5206\u522b\u63d0\u53472.7ppt \/ 2.9ppt \/ 0.7ppt\uff0c\u81ea2009\u5e74\u4ee5\u6765\u7a33\u6b65\u63d0\u5347\u3002 \u25ba \u5728\u4e0d\u540c\u7684\u5ba2\u6237\u7ec6\u5206\u9886\u57df\uff0c\u96c6\u4e2d\u5ea6\u4e5f\u7565\u6709\u5dee\u5f02\u3002\u5c31\u96f6\u552e\u5ba2\u6237\u800c\u8a00\uff0c\u5927\u4f17\u53ca\u5bcc\u88d5\u5ba2\u6237\u7ba1\u7406\u8d44\u4ea7\u96c6\u4e2d\u5ea6\u9ad8\uff0c\u4f46\u7a33\u5b9a\u6027\u7565\u5dee\uff1b\u800c\u9ad8\u51c0\u503c\u5ba2\u6237RAUM\u96c6\u4e2d\u5ea6\u76f8\u5bf9\u8f83\u4f4e\uff0c\u4f46\u5934\u90e8\u673a\u6784\u5e02\u5360\u7387\u7a33\u6b65\u63d0\u5347\uff0c\u7ade\u4e89\u4f18\u52bf\u66f4\u96be\u6253\u7834\u3002 \u6309\u7167\u6295\u8d44\u516c\u53f8\u5ba2\u6237\u7ba1\u7406\u8d44\u4ea7\u3001\u96f6\u552e\u5927\u4f17\u53ca\u5bcc\u88d5\u5ba2\u6237\u7ba1\u7406\u8d44\u4ea7\u3001\u96f6\u552e\u9ad8\u51c0\u503c\u5ba2\u6237\u7ba1\u7406\u8d44\u4ea7\u5ea6\u91cf\u7684Top20 \/ Top10 \/ Top1\u673a\u6784\u7684\u5e02\u5360\u7387\u5206\u522b\u4e3a64%\/53%\/18%\u300158%\/45%\/12%\u300141%\/30%\/5%\u3002\u7ec6\u5206\u9886\u57df\u96c6\u4e2d\u5ea6\u9ad8\u4e8e\u884c\u4e1a\u6574\u4f53\uff0c\u4e3b\u8981\u539f\u56e0\u5728\u4e8e\u7ec6\u5206\u9886\u57df\u4e1a\u52a1\u5173\u952e\u9a71\u52a8\u56e0\u7d20\u5dee\u5f02\u6027\u7f29\u5c0f\uff0c\u5934\u90e8\u673a\u6784\u4f18\u52bf\u66f4\u7262\u56fa\uff0c\u5dee\u5f02\u5316\u5b9a\u4f4d\u7ade\u4e89\u7a7a\u95f4\u8f83\u5c0f\u3002\u5177\u4f53\u800c\u8a00\uff0c\u805a\u7126\u673a\u6784\u5ba2\u6237\u7684\u6295\u987e\u96c6\u4e2d\u5ea6\u66f4\u9ad8\uff0c\u5f97\u76ca\u4e8e\u5355\u5ba2RAUM\u7684\u89c4\u6a21\u5927\u3002\u800c\u96f6\u552e\u5ba2\u6237RAUM\u96c6\u4e2d\u5ea6\u8f83\u5f31\uff0c\u5176\u4e2d\u9ad8\u51c0\u503c\u5ba2\u6237\u96c6\u4e2d\u5ea6\u66f4\u4f4e\uff0c\u5ba2\u6237\u9700\u6c42\u8d8a\u590d\u6742\u548c\u4e2a\u6027\u5316\uff0c\u96c6\u4e2d\u5ea6\u8d8a\u4f4e\uff0c\u4e00\u5bb6\u673a\u6784\u4ece\u5404\u4e2a\u65b9\u9762\u90fd\u80fd\u6ee1\u8db3\u5ba2\u6237\u9700\u6c42\u3001\u9002\u5e94\u5ba2\u6237\u504f\u597d\u7684\u96be\u5ea6\u8f83\u5927\uff0c\u9700\u8981\u591a\u6837\u6027\u7684\u670d\u52a1\u673a\u6784\u5b58\u5728\uff0c\u9002\u5408\u7cbe\u8015\u7ec6\u4f5c\u7684\u6a21\u5f0f\uff0c\u5ba2\u6237\u8d28\u91cf\u91cd\u4e8e\u6570\u91cf\uff1b\u800c\u5927\u4f17\u5bcc\u88d5\u5ba2\u6237\u7684\u9700\u6c42\u76f8\u5bf9\u7b80\u5355\uff0c\u5355\u5ba2RAUM\u4f4e\uff0c\u5ba2\u6237\u6570\u91cf\u91cd\u4e8e\u8d28\u91cf\u3002\u4ece\u5934\u90e8\u673a\u6784\u7ade\u4e89\u4f18\u52bf\u7684\u7a33\u56fa\u6027\u6765\u770b\uff0c\u6295\u8d44\u516c\u53f8\u548c\u9ad8\u51c0\u503c\u96f6\u552e\u5ba2\u6237RAUM\u5934\u90e8\u7684\u673a\u6784\u4f18\u52bf\u66f4\u7a33\u56fa\uff0c\u4e0e2018\u5e74\u76f8\u6bd4\uff0c2021\u5e74\u6295\u8d44\u516c\u53f8\u3001\u96f6\u552e\u9ad8\u51c0\u503c\u5ba2\u6237RAUM Top20 \/ Top10 \/ Top1\u673a\u6784\u7684\u5e02\u5360\u7387\u5206\u522b\u63d0\u53476.5ppt\/7.2ppt\/1.7ppt\u30015.5ppt\/4.2ppt\/0.2ppt\uff0c\u800c\u96f6\u552e\u5927\u4f17\u548c\u5bcc\u88d5\u5ba2\u6237\u7684\u96c6\u4e2d\u5ea6\u5219\u6709\u6240\u4e0b\u964d\u3002 \u5ba2\u6237\u5b9a\u4f4d\u4e0d\u540c\u7684\u673a\u6784\u7684\u7279\u5f81\u753b\u50cf\u4ea6\u6709\u663e\u8457\u5dee\u5f02\u3002 2021\u5e74\u6295\u8d44\u516c\u53f8\u5ba2\u6237RAUM Top3 \u5206\u522b\u662fVanguard Group Inc\u3001Fidelity Management & Research Company LLC\u3001Capital Research And Management Company\uff0c\u7ba1\u7406\u6295\u8d44\u516c\u53f8\u5ba2\u6237\u8d44\u4ea7\u5206\u522b\u4e3a7.8\u4e07\u4ebf\u7f8e\u5143\u30013.4\u4e07\u4ebf\u7f8e\u5143\u30013.0\u4e07\u4ebf\u7f8e\u5143\uff0c\u5ba2\u7fa4\u5185\u5e02\u5360\u7387\u4e3a17.8%\u30017.7%\u30016.9%\uff0c\u6574\u4f53RAUM\u5728\u6295\u987e\u884c\u4e1a\u6392\u540d\u4e5f\u4e3a\u884c\u4e1a\u524d\u4e09\u3002\u8be5\u7c7b\u673a\u6784\u7684\u5178\u578b\u7279\u5f81\u662f\u5927\u578b\u8d44\u4ea7\u7ba1\u7406\u673a\u6784\u6216\u5176\u6bcd\u516c\u53f8\uff0c\u5ba2\u6237\u6570\u91cf\u5c11\u4f46RAUM\u9ad8\uff0c\u5176\u4e2d\u4ec5\u670d\u52a1\u96c6\u5408\u6295\u8d44\u5de5\u5177\u5ba2\u6237\u7684\u6295\u987e\u4e00\u822c\u5ba2\u6237\u6570\u91cf\u66f4\u5c11\uff0c\u5e73\u5747\u4ec5\u62e5\u670940\u4e2a\u5458\u5de5\u548c2\u4e2a\u7f51\u70b9\uff0c\u4f462020\u5e74\u5e73\u5747RAUM\u8fbe74\u4ebf\u7f8e\u5143\u3002 \u800c\u4ee5\u96f6\u552e\u5927\u4f17\u548c\u5bcc\u88d5\u5ba2\u6237\u4e3a\u4e3b\u7684\u673a\u6784 \uff0c\u5ba2\u6237\u91cf\u4e00\u822c\u6bd4\u8f83\u5927\uff0c\u4f46\u662f\u6574\u4f53RAUM\u4e0d\u9ad8\uff0c2021\u5e74\u96f6\u552e\u5927\u4f17\u53ca\u5bcc\u88d5\u5ba2\u6237RAUM Top3\u7684\u673a\u6784\u5206\u522b\u662fMorgan Stanley\u3001Merrill Lynch, Pierce, Fenner & Smith Incorporated\u4ee5\u53caEdward Jones\uff0c\u7ba1\u7406\u8be5\u7c7b\u5ba2\u6237RAUM\u5206\u522b\u4e3a8,432\u4ebf\u7f8e\u5143\u30015,066\u4ebf\u7f8e\u5143\u30013,859\u4ebf\u7f8e\u5143\uff0c\u5bf9\u5e94\u5ba2\u7fa4\u5185\u5e02\u5360\u738711.9%\u30017.1%\u30015.4%\uff0c\u6574\u4f53RAUM\u7684\u6392\u540d\u662f11\u300112\u300128\u3002\u8fd9\u7c7b\u673a\u6784\u4e00\u822c\u5458\u5de5\u6570\u91cf\u3001\u7f51\u70b9\u6570\u91cf\u90fd\u8f83\u591a\uff0c\u5458\u5de5\u4e2d\u6ce8\u518c\u4e3a\u6295\u8d44\u987e\u95ee\u4ee3\u8868\u7684\u6570\u91cf\u4e5f\u66f4\u591a\uff0c\u4f46\u5982\u679c\u662f\u4ec5\u670d\u52a1\u96f6\u552e\u5ba2\u6237\u7684\u5c0f\u578b\u6295\u987e\uff0c\u5219\u5458\u5de5\u4eba\u6570\u548c\u7f51\u70b9\u6570\u91cf\u90fd\u4f1a\u5927\u5e45\u51cf\u5c11\uff0c\u4e1a\u52a1\u7075\u6d3b\u6027\u66f4\u9ad8\u3002 \u6309\u7167\u96f6\u552e\u9ad8\u51c0\u503c\u5ba2\u6237RAUM\u6765\u6392 \u5e8f\uff0cTop3\u7684\u673a\u6784\u53c8\u6709\u6240\u53d8\u5316 \uff0c 2021\u5e74\u4e3aMerrill Lynch, Pierce, Fenner & Smith Incorporated\u3001UBS Financial Services Inc.\u3001Wells Fargo Clearing Services, LLC\uff0c\u6574\u4f53RAUM\u6392\u540d\u5206\u522b\u4e3a12\u300125\u300129\uff0c\u8fd9\u7c7b\u673a\u6784\u4e0e\u96f6\u552e\u5927\u4f17\u53ca\u5bcc\u88d5\u5ba2\u6237RAUM\u6392\u540d\u9760\u524d\u7684\u673a\u6784\u6709\u5f88\u591a\u76f8\u4f3c\u7684\u7279\u5f81\uff0c\u4f46\u7531\u4e8e\u5ba2\u6237\u6570\u91cf\u76f8\u5bf9\u5c11\u3001\u9700\u8981\u7cbe\u8015\u7ec6\u4f5c\uff0c\u5bf9\u6295\u987e\u4eba\u5458\u7684\u4e13\u4e1a\u80fd\u529b\u8981\u6c42\u66f4\u9ad8\uff0c\u6545\u6295\u987e\u4eba\u6570\u3001\u7f51\u70b9\u6570\u91cf\u90fd\u7565\u5c11\u3002 \u56fe\u8868 11\uff1a2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u4e2d70.3%\u91c7\u7528\u201c\u900f\u660e\u5b9e\u4f53\u201d\u7684\u7ec4\u7ec7\u5f62\u5f0f \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886812\uff1a2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u4e2d\u7ea6\u4e03\u6210\u673a\u6784\u4f1a\u540c\u65f6\u5f00\u5c55\u6295\u987e\u4e4b\u5916\u7684\u5176\u4ed6\u8d44\u7ba1\u8d22\u5bcc\u76f8\u5173\u4e1a\u52a1 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a*\u6bcd\u516c\u53f8\u81ea\u8eab\u5f00\u5c55\u5f00\u7c7b\u4e1a\u52a1\u6216\u62e5\u6709\u4ece\u4e8b\u8be5\u7c7b\u4e1a\u52a1\u7684\u5b50\u516c\u53f8\u90fd\u7b97\u4f5c\u6295\u987e\u5728\u8be5\u7c7b\u4e1a\u52a1\u4e0a\u6709\u5e03\u5c40\u3002 \u56fe\u8868 13\uff1a\u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u5b58\u5728\u660e\u663e\u7684\u957f\u5c3e\u7279\u5f81\uff0c2021\u5e74RAUM\u5c0f\u4e8e50\u4ebf\u7f8e\u5143\u7684\u4e2d\u5c0f\u6295\u987e\u6570\u91cf\u5360\u6bd487.6%\uff0cRAUM\u5360\u6bd4\u4ec57.6% \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a*\u8ba1\u7b97\u6309RAUM\u5212\u5206\u7684\u6295\u987e\u6570\u91cf\u53ca\u5360\u6bd4\u65f6\uff0c\u5254\u9664\u4e86RAUM\u4e3a\u96f6\u7684\u6295\u987e\uff0c\u6b64\u7c7b\u673a\u6784\u4e0d\u4e3a\u5ba2\u6237\u7ba1\u7406\u8d44\u4ea7\uff0c\u4ec5\u63d0\u4f9b\u54a8\u8be2\u5efa\u8bae\u7b49\uff0c2021\u5e74\u8be5\u7c7b\u673a\u6784\u6570\u91cf659\u4e2a\uff0c\u5360SEC\u6ce8\u518c\u6295\u987e\u603b\u6570\u91cf\u76844.4% \u56fe\u8868 14\uff1a\u6309\u7167\u5168\u90e8RAUM\u5ea6\u91cf\uff0c2021\u5e74Top20 \/ Top10 \/ Top1\u673a\u6784\u7684\u5e02\u5360\u7387\u5206\u522b\u4e3a30.2% \/ 22.3% \/ 6.1% \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u8868 15\uff1a\u4e0d\u540c\u7684\u5ba2\u6237\u7ec6\u5206\u9886\u57df\u96c6\u4e2d\u5ea6\u4e5f\u6709\u5dee\u5f02\uff0c\u96f6\u552e\u5927\u4f17\u53ca\u5bcc\u88d5\u5ba2\u6237RAUM\u96c6\u4e2d\u5ea6\u66f4\u9ad8\uff0c\u4f46\u7a33\u5b9a\u6027\u4e0d\u8db3 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u6ce8\uff1a\u6b64\u5904\u7684\u9ad8\u51c0\u503c\u5ba2\u6237\u7684\u5212\u5206\u6807\u51c6\u662f\uff1a\u5728\u8be5\u6295\u8d44\u987e\u95ee\u5904\u7684AUM\u5728100\u4e07\u7f8e\u5143\u4ee5\u4e0a\u6216\u51c0\u8d22\u5bcc\u4e0d\u5c11\u4e8e210\u4e07\u7f8e\u5143 \u56fe\u886816\uff1a\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u673a\u6784\u63092021\u5e74\u4e0d\u540c\u7c7b\u578b\u5ba2\u6237RAUM\u6392\u5e8f\uff0cTop10\u673a\u6784\u6982\u51b5 \u8d44\u6599\u6765\u6e90\uff1aIAA\uff0cSEC\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a1\uff09\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5305\u62ec\u57fa\u91d1\u3001\u5546\u4e1a\u53d1\u5c55\u516c\u53f8\u548c\u5176\u4ed6\u96c6\u5408\u6295\u8d44\u8ba1\u5212\uff1b\u91d1\u878d\u540c\u4e1a\u5305\u542b\u94f6\u884c\u548c\u50a8\u84c4\u673a\u6784\u3001\u4fdd\u9669\u516c\u53f8\u3001\u5176\u4ed6\u6295\u8d44\u987e\u95ee\uff1b\u975e\u91d1\u878d\u4f01\u4e1a\u548c\u673a\u6784\u5305\u62ec\u517b\u8001\u91d1\u548c\u5229\u76ca\u5206\u4eab\u8ba1\u5212\u3001\u6148\u5584\u673a\u6784\u3001\u5dde\u53ca\u5e02\u653f\u5355\u4f4d\u3001\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\u53ca\u5916\u56fd\u5b98\u65b9\u673a\u6784\u3001\u5b9e\u4f53\u4f01\u4e1a\u7b49\u30022\uff09\u9ad8\u51c0\u503c\u5ba2\u6237\u6307\u5728\u8be5\u6295\u8d44\u987e\u95ee\u5904\u7684AUM\u5728100\u4e07\u7f8e\u5143\u4ee5\u4e0a\u6216\u51c0\u8d22\u5bcc\u4e0d\u5c11\u4e8e210\u4e07\u7f8e\u5143\u30023\uff09*\u6574\u4f53\u6392\u540d\u6307\u7684\u662f\u6309\u7167\u516c\u53f8\u5168\u90e8RAUM\u6392\u540d\u30024\uff09\u8868\u4e2d\u7684\u516c\u53f8\u540d\u79f0\u4e3a\u6ce8\u518c\u65f6\u4f7f\u7528\u7684\u6cd5\u5b9a\u540d\u79f0\u30025\uff09\u5e02\u5360\u7387\u5728\u67d0\u7c7b\u5ba2\u6237\u7c7b\u578b\u5185\u90e8\u8ba1\u7b97\u3002 \u56fe\u8868 17\uff1a\u5ba2\u6237\u5b9a\u4f4d\u4e0d\u540c\u7684\u673a\u6784\u7684\u753b\u50cf\u6709\u663e\u8457\u5dee\u5f02 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a1\uff09\u56fe\u4e2d\u7684\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5ba2\u6237\u5305\u542b\u5404\u7c7b\u6295\u8d44\u516c\u53f8\uff08\u5f00\u653e\u5f0f\u5171\u540c\u57fa\u91d1\u3001\u5c01\u95ed\u5f0f\u57fa\u91d1\u548cETF\u57fa\u91d1\uff09\u3001\u5546\u4e1a\u53d1\u5c55\u516c\u53f8\u3001\u79c1\u52df\u57fa\u91d1\u4ee5\u53ca\u5176\u4ed6\u96c6\u5408\u6295\u8d44\u5de5\u5177\uff1b\u673a\u6784\u5ba2\u6237\u5305\u542b\u94f6\u884c\u548c\u50a8\u84c4\u673a\u6784\u3001\u4fdd\u9669\u516c\u53f8\u3001\u5176\u4ed6\u6295\u8d44\u987e\u95ee\u3001\u517b\u8001\u91d1\u548c\u5229\u76ca\u5206\u4eab\u8ba1\u5212\u3001\u6148\u5584\u673a\u6784\u3001\u5dde\u53ca\u5e02\u653f\u5355\u4f4d\u3001\u4e3b\u6743\u8d22\u5bcc\u57fa\u91d1\u53ca\u5916\u56fd\u5b98\u65b9\u673a\u6784\u3001\u5b9e\u4f53\u4f01\u4e1a\u7b49\u30022\uff09\u201c\u670d\u52a1\u96f6\u552e\u3001\u96c6\u5408\u6295\u8d44\u5de5\u5177\u53ca\u673a\u6784\u5ba2\u6237\u201d(\u201c\u6240\u6709\u7c7b\u578b\u201d)\u7684\u6295\u987e\u6307\u7684\u662f\u5728\u4e09\u7c7b\u5ba2\u6237\u4e2d\u5747\u6709\u7ba1\u7406\u8d44\u4ea7\uff0c\u96f6\u552e\u5ba2\u6237\u6570\u91cf\u5927\u4e8e100\u4e2a\u4e14\u673a\u6784\u5ba2\u6237\u6570\u91cf\u5927\u4e8e10\u4e2a\uff1b\u201c\u4ec5\u670d\u52a1\u96f6\u552e\u548c\u673a\u6784\u5ba2\u6237\u201d\uff08\u201c\u4ec5\u96f6\u552e\u548c\u673a\u6784\u201d\uff09\u7684\u6295\u987e\u6307\u7684\u662f\u5728\u96f6\u552e\u548c\u673a\u6784\u5ba2\u6237\u4e2d\u6709\u7ba1\u7406\u8d44\u4ea7\uff0c\u6ca1\u6709\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u5ba2\u6237\u7ba1\u7406\u8d44\u4ea7\uff0c\u673a\u6784\u5ba2\u6237\u6570\u91cf\u8d85\u8fc710\u4e2a\uff1b\u201c\u4ec5\u670d\u52a1\u96c6\u5408\u6295\u8d44\u5de5\u5177\u5ba2\u6237\u201d\uff08\u201c\u4ec5\u96c6\u5408\u6295\u8d44\u5de5\u5177\u201d\uff09\u7684\u6295\u987e\u6307\u7684\u662f\u5728\u96c6\u5408\u6295\u8d44\u5de5\u5177\u5ba2\u6237\u4e2d\u6709\u7ba1\u7406\u8d44\u4ea7\uff0c\u96f6\u552e\u5ba2\u6237\u6570\u91cf\u5c0f\u4e8e100\u4e14\u673a\u6784\u5ba2\u6237\u6570\u91cf\u5c0f\u4e8e10\uff1b\u201c\u4ec5\u670d\u52a1\u96f6\u552e\u5ba2\u6237\u201d\uff08\u201c\u4ec5\u96f6\u552e\u201d\uff09\u7684\u6295\u987e\u6307\u7684\u662f\u5728\u96f6\u552e\u5ba2\u6237\u4e2d\u6709\u7ba1\u7406\u8d44\u4ea7\uff0c\u5728\u96c6\u5408\u6295\u8d44\u5de5\u5177\u4e2d\u6ca1\u6709\u7ba1\u7406\u8d44\u4ea7\uff0c\u673a\u6784\u5ba2\u6237\u6570\u5c0f\u4e8e10\u4e2a\u30023\uff092020\u5e7487.1%\u7684\u6295\u987e\u53ef\u4ee5\u5f52\u7eb3\u5165\u4e0a\u8ff04\u4e2a\u5206\u7c7b\u3002 \u7ebf\u4e0a\u7ebf\u4e0b\u76f8\u7ed3\u5408\uff0c\u56f4\u7ed5\u5ba2\u6237\u9700\u6c42\u8fdb\u884c\u591a\u5143\u5316\u6e20\u9053\u5e03\u5c40 \u4e2d\u56fd\uff1a\u7ebf\u4e0a\u4e3a\u4e3b\uff0c\u4f20\u7edf\u6e20\u9053\u7aef\u4e0e\u57fa\u91d1\u6295\u987e\u673a\u6784\u5408\u4f5c\u8f83\u591a \u76ee\u524d\u56fd\u5185\u5404\u4e2a\u57fa\u91d1\u6295\u987e\u673a\u6784\u90fd\u5904\u4e8e\u5c55\u4e1a\u7684\u521d\u671f\u9636\u6bb5\uff0c\u57fa\u4e8e\u81ea\u8eab\u7684\u8d44\u6e90\u7980\u8d4b\u8fdb\u884c\u6e20\u9053\u5e03\u5c40\u548c\u4e1a\u52a1\u6a21\u5f0f\u9009\u62e9\u8f83\u4e3a\u5408\u7406\u3002 \u25ba \u57fa\u91d1\u516c\u53f8\u505a\u6295\u987e\u4e1a\u52a1\u7684\u4e3b\u8981\u4f18\u52bf\u4e4b\u4e00\u5728\u4e8e\u4e13\u4e1a\u7684\u6295\u8d44\u80fd\u529b\uff0c \u8fd9\u4e5f\u662f\u76ee\u524d\u5404\u5bb6\u516c\u53f8\u5f00\u5c55\u6295\u987e\u4e1a\u52a1\u7684\u6293\u624b\uff0c\u5373\u8fc1\u5f99\u505aFOF\u4ea7\u54c1\u7684\u65e2\u6709\u7ecf\u9a8c\uff0c\u63a8\u51fa\u54c1\u7c7b\u4f17\u591a\u7684\u6295\u987e\u7b56\u7565\u3002\u4f46\u8fc7\u5206\u91cd\u89c6\u4ea7\u54c1\u7684\u63a8\u51fa\u3001\u5ef6\u7eed\u4ee5\u5f80\u9762\u5411\u673a\u6784\u6295\u8d44\u8005\u7684\u4e13\u4e1a\u548c\u7cbe\u6df1\u7684\u6295\u8d44\u8005\u6559\u80b2\u5185\u5bb9\uff0c\u800c\u4e0d\u8003\u8651\u76ee\u6807\u5ba2\u7fa4\u7684\u7279\u70b9\u548c\u9700\u6c42\uff0c\u5c24\u5176\u662f\u6295\u987e\u4e1a\u52a1\u9762\u5411\u7684\u5927\u91cf\u6ca1\u6709\u4e13\u4e1a\u91d1\u878d\u77e5\u8bc6\u548c\u6295\u8d44\u7ecf\u9a8c\u7684\u65b0\u624b\u5ba2\u6237\uff0c\u5219\u96be\u4ee5\u8fbe\u5230\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u7684\u771f\u6b63\u6548\u679c\u3002 \u56e0\u6b64\u76f8\u6bd4\u4e13\u4e1a\u7684\u4ea7\u54c1\u6784\u5efa\u548c\u8d44\u4ea7\u914d\u7f6e\uff0c\u57fa\u91d1\u516c\u53f8\u5f00\u5c55\u6295\u987e\u4e1a\u52a1\u7684\u96be\u70b9\u5728\u4e8e\u5ba2\u6237\u89e6\u8fbe\u3001\u966a\u4f34\u548c\u6559\u80b2\u3002 \u25ba \u94f6\u884c\u4ee5\u53ca\u7b2c\u4e09\u65b9\u57fa\u91d1\u9500\u552e\u673a\u6784\u7b49\u4f20\u7edf\u7684\u6e20\u9053\u7aef\u673a\u6784\u62e5\u6709\u5927\u91cf\u5ba2\u6237\u3001\u7528\u6237\u6570\u636e\u4ee5\u53ca\u5ba2\u6237\u670d\u52a1\u7684\u7ecf\u9a8c\u4e0e\u6280\u672f\uff0c\u4f46\u6295\u7814\u80fd\u529b\u5c1a\u5904\u4e8e\u6295\u5165\u5efa\u8bbe\u521d\u671f\uff0c\u96be\u4ee5\u6ee1\u8db3\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u5bf9\u7ec4\u5408\u7b56\u7565\u6784\u5efa\u7684\u9ad8\u8981\u6c42\u3002 \u5e76\u4e14\u5728\u5f53\u524d\u4e2d\u56fd\u8d44\u672c\u5e02\u573a\u4e2d\u4ecd\u6709\u8f83\u591a\u521b\u9020\u8d85\u989d\u6536\u76ca\u673a\u4f1a\u7684\u80cc\u666f\u4e0b\uff0c\u4e3a\u5ba2\u6237\u63d0\u4f9b\u4e0e\u5176\u98ce\u9669\u6c34\u5e73\u76f8\u5339\u914d\u7684\u8d85\u989d\u6536\u76ca\u4ecd\u7136\u662f\u5438\u5f15\u5ba2\u6237\u7684\u91cd\u8981\u56e0\u7d20\uff0c\u7f3a\u4e4f\u8be5\u80fd\u529b\u662f\u6e20\u9053\u7aef\u673a\u6784\u53c2\u4e0e\u57fa\u91d1\u6295\u987e\u5e02\u573a\u7684\u96be\u70b9\u6240\u5728\u3002 \u7efc\u4e0a\uff0c\u5408\u4f5c\u6216\u8bb8\u662f\u5f53\u524d\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u53d1\u5c55\u7684\u7834\u5c40\u4e4b\u9009\u3002\u57fa\u91d1\u516c\u53f8\u5f3a\u201c\u6295\u201d\u5f31\u201c\u987e\u201d\uff0c\u6e20\u9053\u7aef\u673a\u6784\u5f3a\u201c\u987e\u201d\u5f31\u201c\u6295\u201d\uff0c\u6211\u4eec\u8ba4\u4e3a\u4e24\u8005\u7684\u5408\u4f5c\u6709\u671b\u5b9e\u73b0\u53cc\u8d62\u3002 \u5f53\u524d\u5404\u5bb6\u6301\u724c\u673a\u6784\u7684\u6e20\u9053\u5e03\u5c40\u4e5f\u5370\u8bc1\u4e86\u8fd9\u4e00\u89c2\u70b9\uff0c\u5927\u591a\u6570\u57fa\u91d1\u516c\u53f8\u9009\u62e9\u5728\u94f6\u884c\u548c\u72ec\u7acb\u57fa\u91d1\u9500\u552e\u5e73\u53f0\u4e0a\u4e0a\u7ebf\u6295\u987e\u4ea7\u54c1\uff0c\u90e8\u5206\u57fa\u91d1\u516c\u53f8\u4e5f\u5c06\u5238\u5546\u673a\u6784\u4f5c\u4e3a\u91cd\u8981\u7684\u5408\u4f5c\u6e20\u9053\u3002\u8be5\u65b9\u5f0f\u4e0d\u4ec5\u80fd\u5e2e\u52a9\u57fa\u91d1\u516c\u53f8\u89e6\u8fbe\u66f4\u591a\u7684\u96f6\u552e\u5ba2\u6237\uff0c\u5e76\u4e14\u5f53\u524d\u4f17\u591a\u6e20\u9053\u7aef\u673a\u6784\u90fd\u5728\u81f4\u529b\u4e8e\u6253\u9020\u5f00\u653e\u8d22\u5bcc\u5e73\u53f0\uff0c\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u5411\u8d44\u7ba1\u673a\u6784\u5f00\u653e\u5ba2\u6237\u4fe1\u606f\u548c\u5ba2\u6237\u7ecf\u8425\u6743\u9650\uff0c\u6709\u52a9\u4e8e\u8d44\u7ba1\u673a\u6784\u62c9\u8fd1\u4e0e\u5ba2\u6237\u7684\u8ddd\u79bb\uff0c\u5e76\u501f\u52a9\u5e73\u53f0\u7684\u516c\u57df\u6d3b\u52a8\u6216\u6d41\u91cf\u7ecf\u8425\u597d\u81ea\u8eab\u7684\u79c1\u57df\u6d41\u91cf\uff0c\u57f9\u517b\u5ba2\u6237\u7ecf\u8425\u548c\u670d\u52a1\u80fd\u529b\u3002\u4ece\u4f20\u7edf\u6e20\u9053\u7aef\u673a\u6784\u6765\u770b\uff0c\u72ec\u7acb\u57fa\u91d1\u9500\u552e\u673a\u6784\u7684\u8d22\u5bcc\u5e73\u53f0\u66f4\u52a0\u5f00\u653e\uff0c\u5728\u6295\u987e\u4e1a\u52a1\u65b9\u9762\u5e03\u5c40\u4e5f\u66f4\u52a0\u79ef\u6781\uff0c\u5929\u5929\u57fa\u91d1\u3001\u652f\u4ed8\u5b9d\u3001\u4e14\u6162\u3001\u86cb\u5377\u57fa\u91d1\u7b49\u5e73\u53f0\u90fd\u5f00\u653e\u7ed9\u57fa\u91d1\u6295\u987e\u673a\u6784\u3002\u90e8\u5206\u94f6\u884c\u548c\u5238\u5546\uff0c\u5982\u4ea4\u884c\u3001\u4e2d\u4fe1\u94f6\u884c\u3001\u56fd\u4fe1\u8bc1\u5238\u3001\u5e7f\u53d1\u8bc1\u5238\u7b49\u4e5f\u4e0e\u57fa\u91d1\u6295\u987e\u673a\u6784\u8fbe\u6210\u5408\u4f5c\uff0c\u901a\u8fc7\u4e0a\u67b6\u6301\u724c\u673a\u6784\u7684\u6295\u987e\u7ec4\u5408\u6765\u5f25\u8865\u81ea\u8eab\u6ca1\u6709\u57fa\u91d1\u6295\u987e\u724c\u7167\u7684\u52a3\u52bf\u6216\u52a0\u5f3a\u6295\u987e\u7ec4\u5408\u7684\u5438\u5f15\u529b\uff0c\u4e5f\u6709\u5229\u4e8e\u5176\u6ee1\u8db3\u81ea\u8eab\u5ba2\u6237\u7684\u9700\u6c42\uff0c\u7559\u4f4f\u5ba2\u6237\u3002 \u4ece\u7ebf\u4e0a\u7ebf\u4e0b\u6e20\u9053\u5e03\u5c40\u6765\u770b\uff0c\u56fd\u5185\u57fa\u91d1\u6295\u987e\u673a\u6784\u76ee\u524d\u6e20\u9053\u5e03\u5c40\u4ecd\u5904\u4e8e\u521d\u671f\u9636\u6bb5\uff0c\u4ee5\u7ebf\u4e0a\u4e3a\u4e3b\u3002 \u901a\u8fc7App\u3001\u5b98\u7f51\u7b49\u5b9e\u73b0\u6295\u987e\u4ea7\u54c1\u7684\u63a8\u8350\u548c\u4ea4\u6613\uff0c\u6295\u8d44\u8005\u6559\u80b2\u548c\u966a\u4f34\u4e5f\u591a\u901a\u8fc7\u7ebf\u4e0a\u7684\u6587\u7ae0\u3001\u89c6\u9891\u76f4\u64ad\u548c\u5f55\u64ad\u7684\u5f62\u5f0f\u3002\u5ba2\u6237\u4ea4\u6d41\u65b9\u9762\uff0c\u5927\u591a\u673a\u6784\u91c7\u7528\u4eba\u5de5\u667a\u80fd\u987e\u95ee\u56de\u7b54\u5ba2\u6237\u7684\u5e38\u89c1\u95ee\u9898\uff0c\u8f85\u4e4b\u4ee5\u8fdc\u7a0b\u7684\u4eba\u5de5\u5ba2\u670d\u7535\u8bdd\u89e3\u7b54\u5ba2\u6237\u7684\u4e2a\u6027\u5316\u95ee\u9898\uff0c\u4ec5\u5c0f\u90e8\u5206\u673a\u6784\u4f1a\u4e3a\u9ad8\u51c0\u503c\u5ba2\u6237\u63d0\u4f9b\u4eba\u5de5\u6295\u987e\u9762\u5bf9\u9762\u4ea4\u6d41\u670d\u52a1\u3002 \u5411\u524d\u770b\uff0c\u968f\u7740\u4e1a\u52a1\u89c4\u6a21\u548c\u8986\u76d6\u5ba2\u6237\u8303\u56f4\u7684\u6269\u5927\uff0c\u9762\u5bf9\u5ba2\u6237\u66f4\u52a0\u590d\u6742\u7684\u9700\u6c42\uff0c\u6295\u987e\u673a\u6784\u9700\u8981\u9010\u6b65\u589e\u52a0\u5ba2\u6237\u670d\u52a1\u4e2d\u4eba\u5de5\u7684\u53c2\u4e0e\uff0c\u901a\u8fc7\u4eba\u673a\u7ed3\u5408\u3001\u7ebf\u4e0b\u7f51\u70b9\u7b49\u65b9\u5f0f\u589e\u5f3a\u4e0e\u5ba2\u6237\u7684\u4fe1\u4efb\u5173\u7cfb\u3002 \u200b \u56fe\u886818\uff1a\u76ee\u524d\u5404\u7c7b\u57fa\u91d1\u6295\u987e\u6301\u724c\u673a\u6784\u5c55\u4e1a\u7684\u6e20\u9053\u5e03\u5c40 \u8d44\u6599\u6765\u6e90\uff1a\u5404\u5bb6\u673a\u6784\u5b98\u7f51\u3001App\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a\u56fe\u4e2d\u4e3a\u4e0d\u5b8c\u5168\u7edf\u8ba1\uff0c\u7edf\u8ba1\u65f6\u95f4\u622a\u81f32022\u5e747\u67083\u65e5 \u7f8e\u56fd\uff1a\u7ebf\u4e0a\u7ebf\u4e0b\u76f8\u7ed3\u5408\uff0c\u793e\u4ea4\u5a92\u4f53\u4f7f\u7528\u8f83\u591a \u7f8e\u56fd\u7684\u6295\u987e\u4e1a\u52a1\u53d1\u5c55\u5386\u53f2\u957f\uff0c\u5404\u5bb6\u673a\u6784\u6e20\u9053\u5e03\u5c40\u76f8\u5bf9\u5b8c\u5584\uff0c\u4e1a\u52a1\u89c4\u6a21\u5927\u7684\u5934\u90e8\u673a\u6784\u5927\u591a\u81ea\u8eab\u6e20\u9053\u4e5f\u8f83\u4e3a\u5b8c\u5584\uff0c\u7ebf\u4e0a\u4e0e\u7ebf\u4e0b\u6e20\u9053\u76f8\u7ed3\u5408\uff0c\u5177\u4f53\u66f4\u504f\u91cd\u54ea\u4e00\u7c7b\u53d6\u51b3\u4e8e\u5ba2\u6237\u9700\u6c42\u3002\u800c\u89c4\u6a21\u8f83\u5c0f\u7684\u6295\u987e\u5219\u503e\u5411\u4e8e\u4f7f\u7528Tamp\uff08Turnkey Asset Management Program\uff09\u5e73\u53f0\u5c55\u4e1a\u3002 \u25ba \u7ebf\u4e0b\u6e20\u9053\u65b9\u9762\uff0c\u7531\u4e8e\u7f8e\u56fd\u6295\u987e\u884c\u4e1a\u53c2\u4e0e\u673a\u6784\u7684\u957f\u5c3e\u7279\u5f81\uff0c2021\u5e74\uff0c98.7%\u7684SEC\u6ce8\u518c\u6295\u987e\u7f51\u70b9\u6570\u91cf\u5c11\u4e8e50\u4e2a\uff0c\u5176\u4e2d9,173\u5bb6\u673a\u6784\uff08\u5360\u6bd460.7%\uff09\u6ca1\u6709\u7ebf\u4e0b\u7f51\u70b9\u5e03\u5c40\uff0c\u7eaf\u7ebf\u4e0a\u7ecf\u8425\u6216\u4e0d\u4ee5\u7f51\u70b9\u4e3a\u4e3b\u8981\u5ba2\u6237\u670d\u52a1\u573a\u5730\u3002\u800c\u7f51\u70b9\u6570\u91cf\u57281,000\u4e2a\u4ee5\u4e0a\u7684\u673a\u6784\u6570\u91cf\u4ec519\u5bb6\uff0c\u5176\u4e2d\u6700\u591a\u7684\u662f\u4ee5\u793e\u533a\u6295\u987e\u670d\u52a1\u95fb\u540d\u7684EDWARD JONES\uff0814,762\u4e2a\uff09\u3002\u5934\u90e8\u673a\u6784\u7684\u7f51\u70b9\u6570\u91cf\u4e5f\u4f9d\u76ee\u6807\u5ba2\u6237\u800c\u5f02\uff0c2021\u5e74\u96f6\u552e\u53ca\u5bcc\u88d5\u5ba2\u6237RAUM\u6392\u540d\u524d10\u7684\u673a\u6784\u5e73\u5747\u7f51\u70b9\u6570\u91cf\u4e3a3,773\u4e2a\uff0c\u800c\u6295\u8d44\u516c\u53f8\u5ba2\u6237RAUM\u6392\u540d\u524d10\u7684\u673a\u6784\u5e73\u5747\u7f51\u70b9\u6570\u91cf\u4ec529\u4e2a\u3002 \u25ba \u7ebf\u4e0a\u6e20\u9053\u4e5f\u8d8a\u6765\u8d8a\u6210\u4e3a\u7f8e\u56fd\u6295\u987e\u673a\u6784\u7684\u91cd\u8981\u5ba2\u6237\u83b7\u53d6\u548c\u7ecf\u8425\u6e20\u9053\uff0c\u5e76\u4e14\u4e0d\u5c40\u9650\u4e8e\u81ea\u5efa\u6e20\u9053\uff0c\u800c\u662f\u5728\u5404\u5927\u793e\u4ea4\u5a92\u4f53\u7f51\u7ad9\u4e5f\u6709\u5b98\u65b9\u8d26\u53f7\u3002\u6839\u636eIAA\uff08Investment Adviser Association\uff09\u7edf\u8ba1\uff0c2020\u5e74\u540c\u65f6\u4f7f\u7528\u591a\u4e2a\u7f51\u7ad9\u6216\u793e\u4ea4\u5a92\u4f53\u8fdb\u884c\u7ebf\u4e0a\u5c55\u4e1a\u548c\u5ba3\u4f20\u7684\u673a\u6784\u6570\u91cf\u589e\u52a0\uff0c\u5728SEC\u6ce8\u518c\u6295\u987e\u673a\u6784\u4e2d\u7684\u5360\u6bd4\u4ece2017\u5e74\u768443.3%\u4e0a\u5347\u523056.1%\uff0c\u5176\u4e2d\uff0c\u4f7f\u7528LinkedIn\u3001Facebook\u3001Twitter\u7b49\u793e\u4ea4\u5a92\u4f53\u7684\u673a\u6784\u6570\u91cf\u5360\u6bd4\u4e5f\u5206\u522b\u4e0a\u534715.4ppt\u30016.5ppt\u300116.2ppt\u81f348.4%\u300123.0%\u300120.5%\u3002\u90e8\u5206\u6295\u987e\u673a\u6784\u8fd8\u5141\u8bb8\u5176\u6ce8\u518c\u6295\u987e\u4ee3\u8868\u8fd0\u8425\u4e2a\u4eba\u7f51\u7ad9\uff0c\u5e76\u4e3a\u5176\u63d0\u4f9b\u5b98\u65b9\u8ba4\u8bc1\u3002 \u56fe\u886819\uff1a2021\u5e74\uff0c98.7%\u7684SEC\u6ce8\u518c\u6295\u987e\u7f51\u70b9\u6570\u91cf\u5c11\u4e8e50\u4e2a \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886820\uff1a\u793e\u4ea4\u5a92\u4f53\u8d8a\u6765\u8d8a\u6210\u4e3a\u7f8e\u56fd\u6295\u987e\u673a\u6784\u91cd\u8981\u7684\u7ebf\u4e0a\u7ecf\u8425\u6e20\u9053 \u8d44\u6599\u6765\u6e90\uff1aIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886821\uff1a2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u4e2d\u5934\u90e8\u673a\u6784\u7ebf\u4e0a\u7ebf\u4e0b\u6e20\u9053\u5206\u5e03\uff0c\u4e3b\u8981\u56f4\u7ed5\u5ba2\u6237\u9700\u6c42\u5e03\u5c40 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a\u6b64\u5904\u7684\u5934\u90e8\u673a\u6784\u6307\u7684\u662f\u5206\u522b\u6309\u5168\u90e8RAUM\u3001\u6295\u8d44\u516c\u53f8\u5ba2\u6237RAUM\u3001\u96f6\u552e\u5927\u4f17\u53ca\u5bcc\u88d5\u5ba2\u6237RAUM\u3001\u96f6\u552e\u9ad8\u51c0\u503c\u5ba2\u6237RAUM\u6392\u5e8f\u7684Top10\u673a\u6784\uff0c\u53bb\u9664\u91cd\u590d\u673a\u6784\u3002 \u4e3a\u5ba2\u6237\u521b\u9020\u4ef7\u503c\u662f\u6295\u987e\u4e1a\u52a1\u6536\u8d39\u7684\u57fa\u7840 \u4e2d\u56fd\uff1a\u6295\u987e\u670d\u52a1\u6536\u8d39\u65b9\u5f0f\u5355\u4e00\u3001\u6536\u8d39\u96be\u5ea6\u5927 \u6574\u4f53\u6765\u770b\u6295\u8d44\u8005\u4f7f\u7528\u57fa\u91d1\u6295\u987e\u670d\u52a1\u4f1a\u4ea7\u751f\u4e24\u7c7b\u8d39\u7528\uff0c\u7b2c\u4e00\u79cd\u662f\u6295\u987e\u670d\u52a1\u8d39\uff0c\u7b2c\u4e8c\u79cd\u662f\u5e95\u5c42\u914d\u7f6e\u57fa\u91d1\u7684\u7533\u8d4e\u8d39\u7b49\u4ea4\u6613\u8d39\u7528\u3002\u5176\u4e2d\u7b2c\u4e00\u79cd\u662f\u6295\u987e\u670d\u52a1\u7684\u4e3b\u8981\u8d39\u7528\uff0c\u662f\u6295\u987e\u673a\u6784\u4e3a\u5ba2\u6237\u63d0\u4f9b\u6295\u8d44\u7b56\u7565\u3001\u8d26\u6237\u68c0\u89c6\u3001\u6295\u8d44\u8005\u6559\u80b2\u548c\u966a\u4f34\u7b49\u670d\u52a1\u7684\u5bf9\u4ef7\uff0c\u800c\u4ea4\u6613\u8d39\u7528\u4ec5\u4ec5\u662f\u65b9\u6848\u6267\u884c\u8fc7\u7a0b\u4e2d\u4ea7\u751f\u7684\u6210\u672c\uff0c\u975e\u6295\u987e\u4e1a\u52a1\u7279\u6709\uff0c\u4e5f\u4e0d\u5e94\u662f\u6295\u987e\u673a\u6784\u4e3b\u8981\u7684\u76c8\u5229\u6765\u6e90\u3002 \u25ba \u5728\u6295\u987e\u670d\u52a1\u8d39\u65b9\u9762\uff0c\u6839\u636e\u8bc1\u76d1\u4f1a\u57fa\u91d1\u6295\u987e\u300a\u8bd5\u70b9\u5de5\u4f5c\u901a\u77e5\u300b\u7684\u8981\u6c42\uff0c\u57fa\u91d1\u6295\u8d44\u987e\u95ee\u670d\u52a1\u8d39\u6309\u7167\u89c4\u6a21\u6765\u6536\u4e0d\u5f97\u9ad8\u4e8e\u5ba2\u6237\u8d26\u6237\u8d44\u4ea7\u51c0\u503c\u76845%\uff0c\u4ee5\u5e74\u8d39\u3001\u4f1a\u5458\u8d39\u7b49\u65b9\u5f0f\u6536\u53d6\u5219\u6bcf\u5e74\u4e0d\u8d85\u8fc71000 \u5143\u3002 \u5f53\u524d\u56fd\u5185\u7684\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u521a\u8d77\u6b65\uff0c\u5404\u5bb6\u673a\u6784\u7684\u6536\u8d39\u5f62\u5f0f\u6bd4\u8f83\u5355\u4e00\uff0c \u6ca1\u6709\u7a81\u7834\u300a\u8bd5\u70b9\u5de5\u4f5c\u901a\u77e5\u300b\u4e2d\u63d0\u5230\u7684\u4e24\u79cd\uff0c\u5927\u591a\u6570\u91c7\u7528\u7b2c\u4e00\u79cd\uff1a\u6309\u7167\u6301\u6709\u8d44\u4ea7\u89c4\u6a21\u6536\u53d6\u4e00\u5b9a\u6bd4\u4f8b\u8d39\u7528\u3002\u5e76\u4e14\u5b9e\u884c\u5355\u4e00\u8d39\u7387\uff0c\u5c11\u6570\u673a\u6784\u4f8b\u5982\u5357\u65b9\u57fa\u91d1\u5728\u5929\u5929\u57fa\u91d1\u6295\u987e\u5e73\u53f0\u7684\u90e8\u5206\u7b56\u7565\u5b9e\u65bd\u9636\u68af\u8d39\u7387\u3002\u6b64\u5916\uff0c\u5609\u5b9e\u8d22\u5bcc\u5c1d\u8bd5\u5728\u81ea\u6709APP\u4e0a\u91c7\u7528\u4f1a\u5458\u8d39\u6a21\u5f0f\uff0c\u4f46\u4e5f\u4e8e2022\u5e744\u6708\u5f00\u59cb\u6539\u4e3a\u6309\u8d44\u4ea7\u89c4\u6a21\u6536\u8d39\uff1b\u800c\u76c8\u7c73\u57fa\u91d1\u5c31\u5176\u201c\u56db\u7b14\u94b1\u201d\u7b56\u7565\u4e2d\u7684\u5927\u591a\u6570\u91c7\u7528\u56fa\u5b9a\u5e74\u8d39\u6a21\u5f0f\uff0c\u5e76\u4e14\u4f7f\u7528\u4ea4\u6613\u8d39\u4e2d\u5f52\u5c5e\u4e8e\u4e14\u6162\u7684\u90e8\u5206\u76f4\u63a5\u62b5\u6263\uff0c\u65e0\u9700\u5ba2\u6237\u989d\u5916\u652f\u4ed8\u3002 \u4ece\u6295\u987e\u670d\u52a1\u8d39\u8d39\u7387\u6c34\u5e73\u6765\u770b\uff0c \u6837\u672c\u673a\u6784\u57fa\u672c\u57280.2%-1.0%\/\u5e74\u3002\u73b0\u91d1\u7ba1\u7406\u7b49\u4f4e\u98ce\u9669\u7b56\u7565\u5404\u5bb6\u673a\u6784\u7684\u8d39\u7387\u6c34\u5e73\u76f8\u4f3c\uff0c\u5927\u90e8\u5206\u57280.1%-0.3%\u4e4b\u95f4\uff1b\u4e2d\u9ad8\u98ce\u9669\u7b56\u7565\uff0c\u8bc1\u5238\u516c\u53f8\u7684\u6295\u987e\u670d\u52a1\u8d39\u7387\u4e00\u822c\u57280.5%-1.0%\uff0c\u57fa\u91d1\u516c\u53f80.5%-0.8%\uff0c\u72ec\u7acb\u57fa\u91d1\u9500\u552e\u5e73\u53f0\u4e00\u822c\u4e3a0.5%\u6216\u66f4\u4f4e\uff0c\u4e14\u6162\u90e8\u5206\u7b56\u7565\u7684\u6295\u987e\u670d\u52a1\u8d39\u4f7f\u7528\u4ea4\u6613\u8d39\u62b5\u6263\uff0c\u53ef\u4ee5\u89c6\u4e3a0\u8d39\u7387\u3002\u6b64\u5916\uff0c\u90e8\u5206\u673a\u6784\u5bf9\u5728\u4e0d\u540c\u5e73\u53f0\u4e0a\u63d0\u4f9b\u7684\u6295\u987e\u7b56\u7565\u6536\u53d6\u7684\u6295\u987e\u670d\u52a1\u8d39\u5b58\u5728\u4e00\u4e9b\u5dee\u5f02\uff0c\u53ef\u80fd\u53d7\u5e73\u53f0\u5f71\u54cd\u3002 \u25ba \u5e95\u5c42\u914d\u7f6e\u57fa\u91d1\u7684\u7533\u8d4e\u8d39\u4e00\u822c\u6309\u7167\u6210\u5206\u57fa\u91d1\u5408\u540c\u6536\u53d6\uff0c\u4f46\u662f\u5927\u591a\u673a\u6784\u4f1a\u5bf9\u7533\u8d2d\u8d39\u63d0\u4f9b\u4e00\u5b9a\u7684\u4f18\u60e0\uff0c\u57fa\u91d1\u516c\u53f8\u5927\u591a\u5bf9\u4e8e\u81ea\u6709\u57fa\u91d1\u4e0d\u6536\u53d6\u4ea4\u6613\u8d39\u3002\u673a\u6784\u81ea\u613f\u964d\u4f4e\u4ea4\u6613\u8d39\u8ba9\u5229\u5ba2\u6237\uff0c\u4e3b\u8981\u539f\u56e0\u5728\u4e8e\u62c5\u5fc3\u5ba2\u6237\u4e0d\u613f\u4e3a\u6295\u987e\u670d\u52a1\u8fd9\u79cd\u201c\u65b0\u4e8b\u7269\u201d\u5355\u72ec\u4ed8\u8d39\uff0c\u56e0\u6b64\u5c06\u672c\u5e94\u6536\u53d6\u7684\u57fa\u91d1\u4ea4\u6613\u8d39\u51cf\u514d\uff0c\u8f6c\u800c\u6536\u53d6\u6295\u987e\u670d\u52a1\u8d39\uff0c\u6574\u4f53\u6765\u770b\u6ca1\u6709\u8fc7\u591a\u589e\u52a0\u6295\u8d44\u8005\u4f7f\u7528\u6295\u987e\u4ea7\u54c1\u548c\u670d\u52a1\u7684\u989d\u5916\u8d39\u7528\u8d1f\u62c5\u3002 \u603b\u7ed3\u6765\u770b\uff0c\u5f53\u524d\u56fd\u5185\u6295\u987e\u673a\u6784\u7684\u6536\u8d39\u601d\u8def\u4e3b\u8981\u662f\u4f7f\u7528\u6295\u987e\u670d\u52a1\u8d39\u66ff\u4ee3\u4ea4\u6613\u8d39\u7528\uff0c\u800c\u672c\u8eab\u4e0d\u6536\u53d6\u4ea4\u6613\u8d39\u7684\u57fa\u91d1\u516c\u53f8\uff0c\u5219\u4e00\u822c\u6536\u53d6\u8f83\u4f4e\u7684\u6295\u987e\u670d\u52a1\u8d39\u6216\u5bf9\u975e\u672c\u516c\u53f8\u57fa\u91d1\u7684\u4ea4\u6613\u8d39\u7528\u5b9e\u65bd\u4f18\u60e0\u3002 \u4ece\u6295\u8d44\u8005\u89d2\u5ea6\u6765\u770b\uff0c\u5728\u4e92\u91d1\u5e73\u53f0\u7eb7\u7eb7\u5bf9\u57fa\u91d1\u7533\u8d4e\u8d39\u7528\u6253\u4e00\u6298\u7684\u60c5\u51b5\u4e0b\uff0c\u5373\u4f7f\u6295\u987e\u673a\u6784\u51cf\u514d\u4e86\u7ec4\u5408\u5e95\u5c42\u57fa\u91d1\u7684\u7533\u8d4e\u8d39\u7528\uff0c\u4f46\u4e0e\u76f4\u63a5\u8d2d\u4e70\u57fa\u91d1\u76f8\u6bd4\u4ecd\u6709\u4e00\u5b9a\u7684\u989d\u5916\u6210\u672c\u3002\u5728\u5f53\u524d\u5927\u591a\u57fa\u91d1\u6295\u987e\u662f\u201c\u6295\u987e\u524d\u7f6e\u201d\u3001\u7b56\u7565\u4e3a\u4e3b\uff0c\u6295\u8d44\u7ed3\u679c\u548c\u4f53\u9a8c\u90fd\u6ca1\u6709\u660e\u663e\u4f18\u4e8e\u76f4\u63a5\u8d2d\u4e70\u57fa\u91d1\u65f6\uff0c\u6295\u8d44\u8005\u4e3a\u6295\u987e\u670d\u52a1\u4ed8\u8d39\u7684\u610f\u613f\u4f4e\u8ff7\u3002\u4ece\u673a\u6784\u7aef\u6765\u770b\uff0c\u6295\u987e\u670d\u52a1\u8d39\u548c\u4ea4\u6613\u8d39\u7528\u7684\u6536\u8d39\u903b\u8f91\u548c\u57fa\u7840\u5dee\u5f02\u8f83\u5927\uff0c\u6295\u987e\u670d\u52a1\u8d39\u5e94\u5f53\u662f\u5ba2\u6237\u4e3a\u673a\u6784\u63d0\u4f9b\u7684\u6295\u8d44\u7b56\u7565\u3001\u5efa\u8bae\u3001\u8d22\u5bcc\u89c4\u5212\u7b49\u670d\u52a1\u652f\u4ed8\u7684\u8d39\u7528\uff0c\u672c\u8d28\u4e0a\u6765\u770b\u4e0e\u57fa\u91d1\u516c\u53f8\u6536\u53d6\u7684\u7ba1\u7406\u8d39\u6027\u8d28\u7c7b\u4f3c\uff0c\u800c\u975e\u4ea4\u6613\u6e20\u9053\u4ef7\u503c\u3002\u673a\u6784\u901a\u8fc7\u77ed\u671f\u51cf\u514d\u4ea4\u6613\u8d39\u7528\u5438\u5f15\u6295\u987e\u5ba2\u6237\uff0c\u800c\u4e0d\u91cd\u89c6\u81ea\u8eab\u6295\u987e\u80fd\u529b\u5efa\u8bbe\uff0c\u65e0\u5f02\u4e8e\u996e\u9e29\u6b62\u6e34\u3002\u4ee5\u4e0a\u56e0\u7d20\u7efc\u5408\u5bfc\u81f4\u6211\u56fd\u57fa\u91d1\u6295\u987e\u4e1a\u52a1\u6536\u8d39\u96be\u5ea6\u5927\uff0c\u4e1a\u52a1\u89c4\u6a21\u957f\u671f\u53ef\u6301\u7eed\u6269\u5f20\u53d7\u963b\u3002 \u56fe\u886822\uff1a\u6211\u56fd\u4e0d\u540c\u57fa\u91d1\u6295\u987e\u673a\u6784\u7684\u6536\u8d39\u65b9\u5f0f\u53ca\u8d39\u7387\u60c5\u51b5 \u8d44\u6599\u6765\u6e90\uff1a\u5404\u5bb6\u673a\u6784\u5b98\u7f51\u3001App\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a\u7edf\u8ba1\u65f6\u95f4\u622a\u81f32022\/07\/09 \u7f8e\u56fd\uff1a\u6536\u8d39\u65b9\u5f0f\u591a\u5143\u5316\uff0c\u8d39\u7387\u6c34\u5e73\u4e0e\u673a\u6784\u6295\u987e\u80fd\u529b\u6302\u94a9 \u5f53\u524d\u7f8e\u56fd\u6295\u987e\u673a\u6784\u6536\u8d39\u65b9\u5f0f\u4ee5\u201cAUM\u7684\u4e00\u5b9a\u6bd4\u4f8b\u201d\u4e3a\u4e3b\uff0c\u8f85\u4e4b\u4ee5\u6309\u5c0f\u65f6\u6536\u8d39\u3001\u56fa\u5b9a\u8d39\u7528\u7b49\u591a\u79cd\u5f62\u5f0f\uff0c\u6536\u53d6\u4ea4\u6613\u4f63\u91d1\u7684\u673a\u6784\u6570\u91cf\u660e\u663e\u51cf\u5c11\u3002 2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u4e2d\u91c7\u7528\u201cAUM\u7684\u4e00\u5b9a\u6bd4\u4f8b\u201d\u6536\u8d39\u65b9\u5f0f\u7684\u673a\u6784\u6570\u91cf\u5360\u6bd495.5%\uff0c\u4e0e2003\u5e74\u76f8\u6bd4\u63d0\u9ad81.1ppt\uff0c\u800c\u91c7\u7528\u4ea4\u6613\u4f63\u91d1\u6536\u8d39\u65b9\u5f0f\u7684\u57fa\u672c\u5360\u6bd4\u4ece2003\u5e74\u768411.5%\u4e0b\u964d9.2ppt\u81f32021\u5e74\u4ec52.3%\u3002\u53e6\u5916\uff0c\u6309\u5c0f\u65f6\u6536\u8d39\u3001\u6536\u53d6\u56fa\u5b9a\u8d39\u7528\u3001\u57fa\u4e8e\u4e1a\u7ee9\u8868\u73b0\u6536\u8d39\u7684\u6295\u987e\u6570\u91cf\u5360\u6bd4\u6574\u4f53\u5448\u73b0\u4e0a\u5347\u8d8b\u52bf\uff0c\u6295\u987e\u673a\u6784\u91c7\u7528\u7684\u6536\u8d39\u65b9\u5f0f\u66f4\u52a0\u591a\u5143\u5316\uff0c\u5951\u5408\u4e0d\u540c\u7c7b\u578b\u5ba2\u6237\u7684\u9700\u6c42\u3002\u5c31\u5934\u90e8\u673a\u6784\u6765\u770b\uff0c\u4e3b\u8981\u670d\u52a1\u6295\u8d44\u516c\u53f8\u5ba2\u6237\u7684\u673a\u6784\u4e00\u822c\u91c7\u7528\u201cAUM\u7684\u4e00\u5b9a\u6bd4\u4f8b\u201d\u4ee5\u53ca\u6309\u4e1a\u7ee9\u6536\u8d39\u7684\u65b9\u5f0f\uff0c\u800c\u6ce8\u91cd\u96f6\u552e\u5ba2\u6237\u7684\u6295\u987e\u673a\u6784\u91c7\u7528\u7684\u6536\u8d39\u65b9\u5f0f\u66f4\u591a\u5143\u5316\uff0c\u9664\u4e86\u5e38\u89c4\u7684\u6536\u8d39\u65b9\u5f0f\uff0c\u8fd8\u4f1a\u91c7\u7528\u6309\u5c0f\u65f6\u6536\u8d39\u3001\u4f1a\u5458\u8d39\u7b49\u3002 \u7f8e\u56fd\u6295\u987e\u673a\u6784\u6536\u53d6\u7684\u8d39\u7387\u6c34\u5e73\u4e0e\u5176\u63d0\u4f9b\u7ed9\u5ba2\u6237\u7684\u670d\u52a1\u79cd\u7c7b\u4e0e\u590d\u6742\u7a0b\u5ea6\u6302\u94a9\u3002 \u4ee5\u5bcc\u8fbe\u6295\u8d44\u4e3a\u4f8b\uff0c\u5176\u4e3a\u5ba2\u6237\u63d0\u4f9b\u667a\u80fd\u6295\u987e\u3001\u4eba\u673a\u7ed3\u5408\u4ee5\u53ca\u7eaf\u4eba\u5de5\u6295\u987e\u4e09\u5927\u7c7b\u6295\u987e\u670d\u52a1\uff0c\u590d\u6742\u5ea6\u548c\u4e2a\u6027\u5316\u7a0b\u5ea6\u9010\u6b65\u4e0a\u5347\uff0c\u5bf9\u5e94\u7684\u8d39\u7387\u4e5f\u4ece0.35%\u4e0a\u5347\u5230\u6700\u9ad81.5%\u3002\u4f46\u7531\u4e8e\u5ba2\u6237\u5b9a\u4f4d\u4ecd\u7136\u662f\u5927\u4f17\u5bcc\u88d5\u5ba2\u7fa4\uff0c\u56e0\u6b64\u9ad8\u8d39\u7387\u7684\u590d\u6742\u6295\u987e\u670d\u52a1\u8f83\u5c11\u88ab\u8c03\u7528\u3002\u800c\u6469\u6839\u58eb\u4e39\u5229\u6b64\u7c7b\u7684\u7efc\u5408\u7c7b\u8d22\u5bcc\u7ba1\u7406\u673a\u6784\u80fd\u4e3a\u5ba2\u6237\u63d0\u4f9b\u7684\u670d\u52a1\u79cd\u7c7b\u66f4\u52a0\u4e30\u5bcc\uff0c\u6536\u8d39\u7c7b\u8d26\u6237\u5927\u591a\u6709\u4eba\u5de5\u6295\u987e\u63d0\u4f9b\u6301\u7eed\u7684\u54a8\u8be2\u548c\u8d26\u6237\u7ba1\u7406\u670d\u52a1\uff0c\u4f9d\u6258\u4e2d\u540e\u53f0\u7684\u6295\u8d44\u7814\u7a76\u548c\u8d26\u6237\u7ba1\u7406\u80fd\u529b\uff0c\u53ef\u4ee5\u4e3a\u6295\u8d44\u8005\u521b\u9020\u66f4\u9ad8\u7684\u6295\u8d44\u6536\u76ca\u548c\u66f4\u4f18\u7684\u4f53\u9a8c\uff0c\u56e0\u6b64\u6700\u7ec8\u5b9e\u73b0\u7684\u8d39\u7387\u8f83\u9ad8\uff0c\u57280.7%\u4e0a\u4e0b\u3002 \u56fe\u886823\uff1a\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u4f7f\u7528\u6700\u591a\u7684\u6536\u8d39\u65b9\u5f0f\u662f\u201cAUM\u7684\u4e00\u5b9a\u6bd4\u4f8b\u201d\uff0c\u56fa\u5b9a\u8d39\u7528\u548c\u57fa\u4e8e\u4e1a\u7ee9\u8868\u73b0\u7684\u8d39\u7528\u7b49\u5e94\u7528\u4e5f\u8d8a\u6765\u8d8a\u591a \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886824\uff1a2021\u5e74\u7f8e\u56fd\u5934\u90e8\u6295\u987e\u673a\u6784\u91c7\u7528\u7684\u6536\u8d39\u65b9\u5f0f\uff0c\u96f6\u552e\u5ba2\u6237\u7ba1\u7406\u8d44\u4ea7\u5360\u6bd4\u9ad8\u7684\u673a\u6784\u91c7\u7528\u7684\u6536\u8d39\u65b9\u5f0f\u66f4\u52a0\u591a\u6837 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886825\uff1a\u5bcc\u8fbe\u6295\u8d44\u5404\u7c7b\u6295\u987e\u670d\u52a1\u8d39\u7387\u60c5\u51b5 \u8d44\u6599\u6765\u6e90\uff1a\u5bcc\u8fbe\u6295\u8d44\u5b98\u7f51\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886826\uff1a\u6469\u6839\u58eb\u4e39\u5229\u5404\u7c7b\u6295\u987e\u8d26\u6237\u7684\u7efc\u5408\u8d39\u7387\uff0c\u7531\u6469\u6839\u58eb\u4e39\u5229\u81ea\u8eab\u63d0\u4f9b\u6301\u7eed\u54a8\u8be2\u548c\u7ba1\u7406\u670d\u52a1\u7684\u8d26\u6237\u8d39\u7387\u66f4\u9ad8 \u8d44\u6599\u6765\u6e90\uff1a\u516c\u53f8\u516c\u544a\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u5411\u524d\u770b\uff0c\u4e3a\u5ba2\u6237\u521b\u9020\u4ef7\u503c\u7684\u80fd\u529b\u662f\u6536\u8d39\u7684\u6838\u5fc3 \u91cd\u7533\u6211\u4eec\u5728\u300a\u7f8e\u56fd\u8d22\u5bcc\u7ba1\u7406\u884c\u4e1a\u7ade\u4e89\u683c\u5c40\u62c6\u89e3\u300b\u4e2d\u7684\u89c2\u70b9\uff0c\u5305\u62ec\u57fa\u91d1\u6295\u987e\u5728\u5185\u7684\u6295\u987e\u4e1a\u52a1\uff0c\u4ee5\u53ca\u66f4\u5e7f\u4e49\u7684\u8d22\u5bcc\u7ba1\u7406\u4e1a\u52a1\uff0c\u6838\u5fc3\u90fd\u662f\u901a\u8fc7\u91d1\u878d\/\u975e\u91d1\u878d\u4ea7\u54c1\u5339\u914d\u5ba2\u6237\u6838\u5fc3\u4ef7\u503c\u8bc9\u6c42\u3002\u4e3a\u5ba2\u6237\u521b\u9020\u4ef7\u503c\uff0c\u624d\u80fd\u8d62\u5f97\u5176\u4fe1\u4efb\uff0c\u662f\u8d22\u5bcc\u7ba1\u7406\u673a\u6784\u5546\u4e1a\u6a21\u5f0f\u7684\u6838\u5fc3\u70b9\uff0c\u4e5f\u662f\u5176\u4ea7\u54c1\u548c\u670d\u52a1\u5b9a\u4ef7\u7684\u5173\u952e\u524d\u63d0\u3002\u603b\u7ed3\u800c\u8a00\uff0c\u8d22\u5bcc\u7ba1\u7406\u673a\u6784\u5bf9\u5ba2\u6237\u7684\u4ef7\u503c\u4f53\u73b0\u5728\u4ee5\u4e0b\u51e0\u70b9\uff1a1\uff09\u63d0\u9ad8\u5ba2\u6237\u7684\u6295\u8d44\u6536\u76ca\u7387\uff1b2\uff09\u964d\u4f4e\u5ba2\u6237\u7684\u6295\u8d44\u6210\u672c\uff0c\u5305\u542b\u663e\u6027\u6210\u672c\u548c\u9690\u6027\u6210\u672c\uff1b3\uff09\u6539\u5584\u5ba2\u6237\u7684\u6295\u8d44\u4f53\u9a8c\u548c\u95ee\u9898\u89e3\u51b3\u4f53\u9a8c\u3002\u8be6\u89c1\u6211\u4eec\u6b64\u524d\u7684\u62a5\u544a\u300a\u8d22\u5bcc\u7ba1\u7406\u673a\u6784\u5bf9\u5ba2\u6237\u7684\u4ef7\u503c\u662f\u4ec0\u4e48\uff1f\u300b\u3002\u5176\u4e2d\u7b2c\u4e00\u70b9\u66f4\u4f9d\u8d56\u673a\u6784\u7684\u6295\u7814\u80fd\u529b\u3001\u8d44\u4ea7\u914d\u7f6e\u80fd\u529b\u7b49\uff0c\u800c\u540e\u4e24\u70b9\u5219\u8981\u6c42\u673a\u6784\u5177\u6709\u8f83\u5f3a\u7684\u6295\u8d44\u8005\u6559\u80b2\u80fd\u529b\u3001\u5efa\u7acb\u5728\u5145\u5206\u7406\u89e3\u5ba2\u6237\u524d\u63d0\u4e0a\u7684\u65b9\u6848\u89c4\u5212\u80fd\u529b\u3002 \u9996\u5148\uff0c\u6295\u987e\u670d\u52a1\u8981\u80fd\u591f\u771f\u6b63\u4e3a\u5ba2\u6237\u521b\u9020\u4ef7\u503c\u624d\u6709\u6536\u8d39\u7684\u57fa\u7840\u3002 \u56de\u987e\u7f8e\u56fd\u7684\u6295\u987e\u884c\u4e1a\u8bde\u751f\u548c\u5d1b\u8d77\u7684\u5386\u7a0b\uff0c\u4e0d\u96be\u53d1\u73b0\u4e3b\u8981\u9a71\u52a8\u56e0\u7d20\u5728\u4e8e\u8d44\u672c\u5e02\u573a\u6548\u7387\u63d0\u9ad8\uff0c\u7b80\u5355\u7684\u8d44\u7ba1\u4ea7\u54c1\u5c24\u5176\u662f\u4e3b\u52a8\u7ba1\u7406\u4ea7\u54c1\u65e0\u6cd5\u4e3a\u5ba2\u6237\u521b\u9020\u8d85\u989d\u6536\u76ca\uff0c\u56e0\u6b64\u6295\u987e\u673a\u6784\u4e3a\u5ba2\u6237\u63d0\u4f9b\u7684\u91d1\u878d\u548c\u975e\u91d1\u878d\u3001\u4f20\u7edf\u8d44\u672c\u5e02\u573a\u6295\u8d44\u4e0e\u53e6\u7c7b\u6295\u8d44\u7b49\u76f8\u7ed3\u5408\u7684\u5927\u7c7b\u8d44\u4ea7\u914d\u7f6e\uff0c\u5168\u5e02\u573a\u9074\u9009\u4ea7\u54c1\u7b49\u670d\u52a1\uff0c\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u626e\u6f14\u4e86\u4e00\u90e8\u5206\u8d44\u7ba1\u673a\u6784\u7684\u804c\u80fd\uff0c\u518d\u7ed3\u5408\u5bf9\u5ba2\u6237\u9700\u6c42\u7684\u5145\u5206\u7406\u89e3\u548c\u628a\u63e1\uff0c\u6700\u7ec8\u5f62\u6210\u7684\u6295\u8d44\u65b9\u6848\u662f\u53e6\u4e00\u79cd\u5f62\u5f0f\u7684\u201c\u4ea7\u54c1\u201d\uff0c\u80fd\u591f\u4ece\u591a\u65b9\u9762\u5b9e\u73b0\u5ba2\u6237\u6295\u8d44\u6536\u76ca\u548c\u6295\u8d44\u4f53\u9a8c\u7684\u63d0\u5347\u3002\u65e2\u7136\u672c\u8d28\u4e0a\u662f\u5bf9\u8d44\u7ba1\u673a\u6784\u804c\u80fd\u7684\u8865\u5145\u548c\u66ff\u4ee3\uff0c\u90a3\u4e48\u6295\u987e\u670d\u52a1\u7684\u8d39\u7528\u81ea\u7136\u4f1a\u53d6\u4ee3\u90e8\u5206\u539f\u5148\u8d44\u7ba1\u4ea7\u54c1\u7684\u7ba1\u7406\u8d39\u3002\u4ee5\u745e\u94f6\u3001\u6469\u6839\u58eb\u4e39\u5229\u548c\u5609\u4fe1\u7406\u8d22\u4e3a\u4f8b\uff0c\u4ece2004\u5e74\u81f32020\u5e74\uff0c\u4e09\u8005\u5ba2\u6237\u8d44\u4ea7\u7684\u589e\u957f\u4e2d\u6765\u81ea\u5e02\u503c\u63d0\u5347\u7684\u6bd4\u4f8b\u5206\u522b\u662f72.0%\u300141.3%\u548c34.0%\uff0c\u5bf9\u5e94\u5730\uff0c\u4e09\u80052020\u5e74\u5728\u8d22\u5bcc\u7ba1\u7406\u4e1a\u52a1\u4e0a\u5b9e\u73b0\u7684\u7efc\u5408\u6536\u76ca\u7387\u5206\u522b\u4e3a0.87%\u30010.71%\u548c0.54%\uff0c\u5370\u8bc1\u4e86\u4e3a\u5ba2\u6237\u521b\u9020\u4ef7\u503c\u7684\u80fd\u529b\u662f\u673a\u6784\u6536\u53d6\u9ad8\u8d39\u7387\u7684\u57fa\u7840\u3002\u4ece\u6574\u4e2a\u884c\u4e1a\u6765\u770b\uff0c\u7f8e\u56fd\u6295\u987e\u673a\u6784\u4e3a\u5ba2\u6237\u63d0\u4f9b\u7684\u670d\u52a1\u4e5f\u4e0d\u4ec5\u4ec5\u662f\u7ec4\u5408\u7ba1\u7406\uff0c\u7ea643.2%\u7684\u6295\u987e\u4f1a\u4e3a\u5ba2\u6237\u63d0\u4f9b\u8d22\u52a1\u89c4\u5212\u670d\u52a1\uff0c\u5bf9\u5ba2\u6237\u7684\u4ef7\u503c\u8d85\u8d8a\u4e86\u91d1\u878d\u6295\u8d44\u6536\u76ca\u7684\u8303\u7574\uff0c\u800c\u6d89\u53ca\u5230\u5168\u751f\u547d\u5468\u671f\u7684\u8d22\u52a1\u89c4\u5212\u3001\u751f\u6d3b\u8d28\u91cf\u63d0\u9ad8\u7b49\u3002 \u800c\u5f53\u524d\u6211\u56fd\u6295\u987e\u673a\u6784\u9762\u4e34\u7684\u5185\u5916\u90e8\u73af\u5883\u90fd\u5bf9\u5176\u6536\u53d6\u6295\u987e\u670d\u52a1\u8d39\u5f62\u6210\u963b\u529b\u3002 \u5916\u90e8\u6765\u770b\uff0c\u6211\u56fd\u8d44\u672c\u5e02\u573a\u6709\u6548\u6027\u5c1a\u6709\u5f85\u63d0\u9ad8\uff0c\u8d44\u7ba1\u673a\u6784\u4f9d\u7136\u53ef\u4ee5\u901a\u8fc7\u5355\u4e2a\u4ea7\u54c1\u7684\u5f62\u5f0f\u4e3a\u5ba2\u6237\u521b\u9020\u8d85\u989d\u6536\u76ca\u3002\u5185\u90e8\u56e0\u7d20\u65b9\u9762\uff0c\u56fd\u5185\u7684\u6295\u987e\u673a\u6784\u7f3a\u4e4f\u6295\u7814\u80fd\u529b\uff0c\u65e0\u6cd5\u901a\u8fc7\u5305\u542b\u91d1\u878d\u3001\u975e\u91d1\u878d\u4ea7\u54c1\u5728\u5185\u7684\u5927\u7c7b\u8d44\u4ea7\u914d\u7f6e\u3001\u7ec4\u5408\u65b9\u6848\u7ed9\u5ba2\u6237\u521b\u9020\u66f4\u591a\u8d85\u989d\u6536\u76ca\uff0c\u4e0d\u5177\u5907\u6536\u8d39\u57fa\u7840\u3002 \u5176\u6b21\uff0c\u4ece\u8d44\u4ea7\u7ba1\u7406\u673a\u6784\u4ece\u4e8b\u6295\u987e\u4e1a\u52a1\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u5168\u5e02\u573a\u9074\u9009\u4ea7\u54c1\uff0c\u5356\u670d\u52a1\u800c\u4e0d\u662f\u5356\u4ea7\u54c1\u9001\u6295\u987e\u670d\u52a1\uff0c\u662f\u5176\u503e\u5411\u4e8e\u6536\u53d6\u7ba1\u7406\u8d39\u8fd8\u662f\u6295\u987e\u670d\u52a1\u8d39\u7684\u91cd\u8981\u5f71\u54cd\u56e0\u7d20\u3002 \u6d77\u5916\u8d44\u7ba1\u7cfb\u6295\u987e\u673a\u6784\u63d0\u4f9b\u7684\u6295\u987e\u670d\u52a1\u4e5f\u4f1a\u6536\u53d6\u4e0e\u5176\u4ed6\u673a\u6784\u540c\u7b49\u7684\u6295\u987e\u670d\u52a1\u8d39\uff0c\u4e3b\u8981\u539f\u56e0\u662f\u5176\u6295\u987e\u7b56\u7565\u548c\u65b9\u6848\u4e2d\u7684\u4ea7\u54c1\u662f\u5168\u5e02\u573a\u9074\u9009\uff0c\u4e0d\u5c40\u9650\u4e8e\u81ea\u5bb6\u7684\u4ea7\u54c1\uff0c\u5916\u90e8\u4ea7\u54c1\u6ca1\u6709\u7ba1\u7406\u8d39\u6536\u5165\uff0c\u56e0\u6b64\u5176\u5177\u6709\u6536\u53d6\u6295\u987e\u670d\u52a1\u8d39\u7684\u8feb\u5207\u9700\u6c42\u3002\u800c\u56fd\u5185\u867d\u7136\u5927\u91cf\u57fa\u91d1\u516c\u53f8\u83b7\u5f97\u4e86\u6295\u987e\u724c\u7167\uff0c\u4f46\u77ed\u671f\u5185\u96be\u4ee5\u505a\u5230\u771f\u6b63\u7684\u5168\u5e02\u573a\u9074\u9009\u4f18\u8d28\u4ea7\u54c1\uff0c\u66f4\u503e\u5411\u4e8e\u4f7f\u7528\u81ea\u6709\u4ea7\u54c1\uff0c\u56e0\u6b64\u6ca1\u6709\u6536\u53d6\u989d\u5916\u7684\u6295\u987e\u670d\u52a1\u8d39\u7684\u8feb\u5207\u9700\u6c42\uff0c\u6309\u4ee5\u5f80\u7684\u6a21\u5f0f\u6536\u53d6\u7ba1\u7406\u8d39\u5373\u53ef\u3002\u4ece\u672c\u8d28\u4e0a\u6765\u770b\u6295\u987e\u670d\u52a1\u662f\u4e70\u4ea7\u54c1\u8d60\u9001\u7684\u9644\u52a0\u670d\u52a1\uff0c\u6838\u5fc3\u521b\u6536\u903b\u8f91\u662f\u5356\u4ea7\u54c1\u4e0d\u662f\u5356\u670d\u52a1\u3002 \u7b2c\u4e09\uff0c\u5728\u8ba8\u8bba\u57fa\u91d1\u6295\u987e\u6536\u8d39\u65f6\uff0c\u8fd8\u5e94\u5f53\u8003\u8651\u5230\u56fd\u5185\u6295\u8d44\u8005\u6ca1\u6709\u4e3a\u6295\u8d44\u54a8\u8be2\u670d\u52a1\u4ed8\u8d39\u7684\u4e60\u60ef\u3002 \u6211\u56fd\u5386\u53f2\u4e0a\u7684\u4fdd\u672c\u7c7b\u4ea7\u54c1\u6295\u8d44\u96be\u5ea6\u4f4e\u3001\u6536\u76ca\u9ad8\uff0c\u6295\u8d44\u8005\u5bf9\u6295\u8d44\u5efa\u8bae\u6ca1\u6709\u8feb\u5207\u9700\u6c42\uff1b\u8d44\u7ba1\u65b0\u89c4\u4ee5\u6765\u51c0\u503c\u5316\u4ea7\u54c1\u91cd\u8981\u6027\u63d0\u5347\uff0c\u6295\u8d44\u8005\u9700\u8981\u4e00\u5b9a\u7684\u4f53\u9a8c\u548c\u79ef\u7d2f\u624d\u80fd\u8ba4\u8bc6\u5230\u6295\u8d44\u5efa\u8bae\u7684\u4ef7\u503c\uff0c\u4ece\u800c\u613f\u610f\u4e3a\u6b64\u4ed8\u8d39\u3002 \u5411\u524d\u770b\uff0c\u6211\u56fd\u57fa\u91d1\u6295\u987e\u6536\u8d39\u56f0\u5883\u7684\u7834\u5c40\u4e4b\u9009\u6216\u5728\u4e8e\u4ee5\u4e0b\u51e0\u70b9\u30021\uff09\u653f\u7b56\u5c42\u9762\u9002\u5ea6\u653e\u5f00\u6295\u987e\u4e1a\u52a1\u76ee\u6807\u8d44\u4ea7\u548c\u5ba2\u6237\u8303\u56f4\uff0c\u660e\u786e\u6536\u8d39\u57fa\u7840\uff1b2\uff09\u8d22\u5bcc\u7ba1\u7406\u673a\u6784\u52a0\u5927\u6218\u7565\u6295\u5165\u548c\u63d0\u5347\u8d44\u4ea7\u914d\u7f6e\u80fd\u529b\uff1b3\uff09\u4ece\u6295\u8d44\u8005\u6559\u80b2\u548c\u670d\u52a1\u5165\u624b\uff0c\u964d\u4f4e\u6295\u8d44\u8005\u7684\u975e\u7406\u6027\u884c\u4e3a\u5bfc\u81f4\u7684\u9690\u6027\u6210\u672c\uff0c\u5b9e\u73b0\u6295\u8d44\u51c0\u6536\u76ca\u548c\u6295\u8d44\u4f53\u9a8c\u7684\u6539\u5584\u3002 \u9664\u653f\u7b56\u56e0\u7d20\u5916\uff0c\u8981\u5b9e\u73b0\u540e\u4e24\u70b9\uff0c\u79bb\u4e0d\u5f00\u9ad8\u8d28\u91cf\u7684\u6295\u987e\u4eba\u624d\u4ee5\u53ca\u79d1\u6280\u80fd\u529b\u7684\u52a0\u6301\uff0c\u201c\u4eba+\u6570\u5b57\u5316\u201d\u65b9\u80fd\u5b9e\u73b0\u5343\u4eba\u5343\u9762\u7684\u987e\u95ee\u670d\u52a1\u30022021\u5e74\u7f8e\u56fdSEC\u6ce8\u518c\u6295\u987e\u673a\u6784\u7684\u6295\u987e\u76f8\u5173\u4eba\u5458\uff08\u542b\u7814\u7a76\uff09\u5360\u5168\u90e8\u5458\u5de5\u7684\u6bd4\u4f8b\u8fbe54%\uff0c\u800c\u91cd\u89c6\u96f6\u552e\u5ba2\u6237\u7684\u673a\u6784\u6ce8\u518c\u6295\u987e\u4ee3\u8868\u5e73\u5747\u5360\u6bd4\u4e3a65.3%\u3002\u9664\u4e86\u9700\u8981\u667a\u529b\u8d44\u672c\u8981\u7d20\u505a\u51fa\u80dc\u7387\u66f4\u9ad8\u7684\u51b3\u7b56\u3001\u4e0e\u5ba2\u6237\u8fdb\u884c\u66f4\u6df1\u5ea6\u7684\u4ea4\u6d41\u5916\uff0c\u8fd8\u9700\u8981\u6709\u79d1\u6280\u80fd\u529b\u5c06\u5ba2\u6237\u7ecf\u7406\u548c\u6295\u987e\u4eba\u5458\u6c89\u6dc0\u7684\u7ecf\u9a8c\u6570\u5b57\u5316\u3001\u7ebf\u4e0a\u5316\uff0c\u4ee5\u670d\u52a1\u65b0\u8001\u5ba2\u6237\u7684\u5df2\u77e5\u9700\u6c42\uff0c\u8d4b\u80fd\u6295\u987e\u4eba\u5458\u63d0\u9ad8\u5ba2\u6237\u670d\u52a1\u6548\u7387\u3002\u4ece\u4eba\u5747\u7ba1\u7406\u8d85\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a21\u6765\u770b\uff0c2021\u5e74\u7f8e\u56fdSEC\u6ce8\u518cRIAs\u6295\u987e\u76f8\u5173\u4eba\u5458\u4eba\u5747\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a21\u4e3a2.5\u4ebf\u7f8e\u5143\uff0c\u4e0e2020\u5e74\u76f8\u6bd4\u63d0\u9ad87.5%\u3002 \u56fe\u886827\uff1a2000\u5e74\u540e\u7f8e\u56fd\u8d44\u7ba1AUM\u589e\u901f\u660e\u663e\u653e\u7f13\uff0c\u5e76\u4e14\u4e3b\u52a8\u578b\u5171\u540c\u57fa\u91d1\u5360\u6bd4\u4e0b\u6ed1\uff0c\u88ab\u52a8\u57fa\u91d1\u548c\u53e6\u7c7b\u6295\u8d44\u5360\u6bd4\u4e0a\u5347 \u8d44\u6599\u6765\u6e90\uff1aICI\uff0cPreqin\uff0cBCG\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u6ce8\uff1a\u6295\u8d44\u516c\u53f8\u6307\u7684\u662fETF\u3001\u5171\u540c\u57fa\u91d1\u3001\u5c01\u95ed\u5f0f\u57fa\u91d1\u3001\u5355\u4f4d\u6295\u8d44\u4fe1\u6258\u673a\u6784 \u56fe\u886828\uff1a\u4ece\u8d44\u4ea7\u589e\u503c\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u745e\u94f6\u3001\u6469\u6839\u58eb\u4e39\u5229\u4e3a\u5ba2\u6237\u521b\u9020\u4ef7\u503c\u7684\u80fd\u529b\u66f4\u5f3a \u8d44\u6599\u6765\u6e90\uff1a\u516c\u53f8\u516c\u544a\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886829\uff1a\u7efc\u5408\u89e3\u51b3\u65b9\u6848\u7c7b\u4ea7\u54c1\u8d39\u7387\u660e\u663e\u9ad8\u4e8e\u7b80\u5355\u6807\u51c6\u5316\u4ea7\u54c1\u548c\u4ea4\u6613\u7c7b\u670d\u52a1 \u8d44\u6599\u6765\u6e90\uff1a\u516c\u53f8\u516c\u544a\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886830\uff1a\u6469\u6839\u58eb\u4e39\u5229\u3001\u745e\u94f6\u7b49\u7efc\u5408\u578b\u673a\u6784\u5ba2\u6237\u8d44\u4ea7\u6536\u76ca\u7387\u660e\u663e\u9ad8\u4e8e\u5609\u4fe1\u7406\u8d22\uff0c\u65f6\u95f4\u5e8f\u5217\u6570\u636e\u663e\u793a\uff0c\u5176\u5bf9\u51b2\u8d39\u7387\u4e0b\u884c\u538b\u529b\u7684\u80fd\u529b\u66f4\u5f3a \u8d44\u6599\u6765\u6e90\uff1a\u516c\u53f8\u516c\u544a\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886831\uff1a\u7f8e\u56fd\u6295\u987e\u673a\u6784\u4e3a\u5ba2\u6237\u63d0\u4f9b\u7684\u5404\u7c7b\u54a8\u8be2\u670d\u52a1\uff0c\u5176\u4e2d\u8d44\u4ea7\u7ec4\u5408\u7ba1\u7406\u670d\u52a1\u6700\u5e38\u89c1\uff0c\u91d1\u878d\u89c4\u5212\u670d\u52a1\u5c45\u4e8e\u7b2c\u4e8c\u4f4d\uff0c\u66f4\u663e\u6295\u987e\u673a\u6784\u7684\u53d1\u6398\u548c\u6ee1\u8db3\u5ba2\u6237\u6838\u5fc3\u8bc9\u6c42\u7684\u80fd\u529b \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a*\u5c0f\u4f01\u4e1a\u3001\u6ce8\u518c\u6295\u8d44\u516c\u53f8\u548c\u5176\u4ed6\u96c6\u5408\u6295\u8d44\u8ba1\u5212\u9664\u5916\uff1b#\u5305\u542b\u79c1\u52df\u57fa\u91d1\u7ba1\u7406\u4eba \u56fe\u886832\uff1a\u5bcc\u8fbe\u6295\u8d44\u4e0e\u5609\u4fe1\u7406\u8d22\u6295\u987e\u670d\u52a1\u6536\u8d39\u65b9\u5f0f\u53ca\u8d39\u7387\u5bf9\u6bd4 \u8d44\u6599\u6765\u6e90\uff1a\u516c\u53f8\u5b98\u7f51\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886833\uff1a\u7f8e\u56fdSEC\u6ce8\u518cRIAs\u7684\u6295\u987e\u670d\u52a1\u4eba\u5458\u548c\u6295\u987e\u4ee3\u8868\u6570\u91cf\u53ca\u5360\u6bd4\u90fd\u7a33\u6b65\u63d0\u5347 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8\u6ce8\uff1a*\u6295\u987e\u670d\u52a1\u6307\u7684\u662f\u4ece\u4e8b\u6295\u8d44\u54a8\u8be2\u76f8\u5173\u5de5\u4f5c\u7684\u5458\u5de5\uff0c\u5305\u542b\u7814\u7a76\u4eba\u5458 \u56fe\u886834\uff1a\u6295\u987e\u4eba\u5458\u4eba\u5747\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a212021\u5e74\u672b\u8fbe\u52302.5\u4ebf\u7f8e\u5143\uff0c\u4e0e2020\u5e74\u76f8\u6bd4\u63d0\u53477.5% \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 \u56fe\u886835\uff1a\u7f8e\u56fd\u5934\u90e8\u6295\u987e\u673a\u6784\u6295\u987e\u76f8\u5173\u4eba\u5458\u6570\u91cf\u5360\u6bd4\u4e00\u822c\u9ad8\u4e8e\u884c\u4e1a\u5747\u503c\uff0c\u5c24\u5176\u662f\u96f6\u552e\u5ba2\u6237RAUM\u5360\u6bd4\u9ad8\u7684\u673a\u6784 \u8d44\u6599\u6765\u6e90\uff1aSEC\uff0cIAA\uff0c\u4e2d\u91d1\u516c\u53f8\u7814\u7a76\u90e8 http:\/\/www.csrc.gov.cn\/csrc\/c100029\/c0d1ef2b845b34714af0abb063b656a6c\/content.shtml \u7f8e\u56fd\u8bc1\u76d1\u4f1a\u5b9a\u4e49\u7ba1\u7406\u5ba2\u6237\u8d44\u4ea7\u89c4\u6a21\u5728\u5c0f\u4e8e2,500\u4e07\u7f8e\u5143\u7684\u4e3a\u5c0f\u578b\u987e\u95ee\uff0c\u57282,500\u4e07-1\u4ebf\u7f8e\u5143\u4e4b\u95f4\u7684\u4e3a\u4e2d\u578b\u987e\u95ee\uff0c\u5927\u4e8e1\u4ebf\u7f8e\u5143\u7684\u4e3a\u5927\u578b\u987e\u95ee\u3002"}