A Comparative Study on Wealth Management： Citibank, Yuanta Securities, Cathay Life Insurance, Good Securities Investment Consultant as Examples
Date Issued
2013
Date
2013
Author(s)
Huang, Ming-yang
Abstract
In 2007, subprime mortgage crisis occurred in the U.S, which worsened to affect financial organizations in 2008. Because of lacking financial supervision and regulations, it led to banking liquidity crisis and later financial tsunami. In September, 2008, the financial tsunami caused recession in several European countries, leading to reduction of tax revenue and increase of social welfare expenditure. Besides, due to the poor financial discipline in several countries, the debts among European countries increased drastically and in turn caused debt crisis. FED and ECB then introduced a series of bailout plans; the money overflow caused great turbulence in the global stock market, and the decrease of interest rate led to lower interest margins in Taiwan banks. With the coming of "low-profit" times, public investment management has undergone big changes and so does allocation of financial property, leading financial industries to focus on wealth management.
Banks, securities industry, life insurance industry, and consultative industry have their intrinsic differences regarding wealth management. This study aims at discovering the advantages and disadvantages of the four above-mentioned financial industries in wealth management. For each industry, one representative organization is chosen. The researcher analyzes their strengths and problems in terms of four aspects: merchandise, regulations, tax, and business. The study then provides solutions and advice on wealth management for the four industries, as well as suggestions for investors to choose a financial organization that suits them.
Subjects
財富管理
貴賓理財
私人銀行
理財規劃
投資理財
Type
thesis
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