财通资管李响：券商资管应构建持续创造回报、真正陪伴客户的投研体系

Core Viewpoint - The article emphasizes the importance of building a sustainable investment research system that continuously generates returns and truly accompanies clients in the context of increasing regulatory scrutiny, intensified competition, and profit contraction in the asset management industry [1] Group 1: Company Development and Strategy - The company has adhered to a value investment philosophy and has established a "one main, two wings" business structure over the past decade since obtaining its public offering license [1] - The company is focusing on three key areas: deepening active management to enhance research capabilities and improve client investment experiences, promoting a systematic and team-oriented research framework while encouraging diverse ideas under a unified philosophy, and emphasizing internal talent development with a complete training path from researchers to investment managers [1] Group 2: Industry Position and Team Expertise - As of the end of Q3 2025, the company's public equity management scale ranks third in the industry, with an equity research team of nearly 40 members [1] - The average industry experience of the investment personnel is 14 years, while the average tenure of the research team is 9 years, indicating a strong expertise in key sectors such as technology, consumer goods, manufacturing, and pharmaceuticals [1]