12月11日，《试点六周年基金投顾业务发展白皮书2025》（以下简称"白皮书"）在上海发布，这已经是首批基金投顾试点机构中欧财富连续第六年发布白 皮书。在每年的白皮书中，中欧财富都会公布最新的用户调研数据以及自有平台上用户的交易行为分析结论，以展示用户的投资需求变化，并在行业内进 行分享和交流，以此共同探索能够满足用户真实需求的投顾服务解决方案。 白皮书显示，在经历过本轮周期后，越来越多的投资者意识到投资过程中的投资体验和最终的收益结果同等重要，控波动成为用户看重的投资诉求。而多 元资产配置，因为其可以控波动的属性，成为逾九成客户在未来首选的投资策略。 基金投顾试点至今已有六年，通过完整分析用户的投资行为，白皮书发现，相比较单品用户，基金投顾用户整体呈现配置更分散、交易更逆向、持有周期 更长等更为健康的投资行为。而且，从投资结果看，整体而言，基金投顾也帮助用户在中长期取得更优的投资体验。 管住手 基金投顾用户整体呈现更健康的投资行为 通过回溯近六年来中欧财富平台上投资者的交易行为，白皮书发现，基金投顾用户整体呈现多资产配置、逆势更能积极布局、持有周期拉长、更注重长期 业绩等相较于单品用户更具有纪律性的投资行为 ...

Core Viewpoint - The article emphasizes the importance of a stable financial foundation for families in the face of market volatility, advocating for a "threefold protection" system involving insurance, annuities, and low-volatility funds to ensure financial security and wealth management [1][2]. Group 1: Wealth Foundation - The financial needs of families remain stable despite ongoing market fluctuations, with essential life stages such as education, healthcare, and retirement requiring a solid financial base [2]. - Effective wealth management should prioritize building a protective system that can withstand financial shocks rather than solely focusing on high returns [2]. Group 2: Insurance Protection - Insurance plays a crucial role in family asset allocation, serving as a foundational element for financial security [3]. - Proper insurance allocation should follow the principle of "demand-oriented and adequately sufficient," with recommended coverage amounts for life and critical illness insurance being 5-8 times annual income, and accident insurance around 10 times annual income [3]. Group 3: Annuity Insurance - Annuity insurance is increasingly important due to aging populations and insufficient pension replacement rates, providing a stable lifelong income stream [4]. - Families in the accumulation phase (ages 35-45) are advised to allocate 15-20% of their annual income to annuities, while those in the consolidation phase (ages 45-55) should increase this to 20-25% [4]. Group 4: Low-Volatility Funds - Low-volatility funds are essential for family asset allocation, focusing on risk control and stable returns [5][6]. - These funds aim to achieve steady asset growth while managing volatility, making them suitable as core holdings in family financial planning [6]. Group 5: Dynamic Allocation - Asset allocation should be adjusted based on the family's life cycle stage, with specific recommended ratios for different age groups to balance protection and growth [7]. - Customization of asset allocation is crucial, with professional risk assessment and financial needs analysis provided by firms like Zhongyou Fund [7]. Group 6: Discipline in Investment - Long-term adherence to an asset allocation strategy is necessary for achieving desired outcomes, as emotional reactions to market fluctuations can lead to poor investment decisions [8]. - Investors are encouraged to establish habits of regular review and rebalancing of their asset allocations to maintain alignment with their financial goals [8].

Core Insights - The article emphasizes that high-net-worth individuals (HNWIs) focus on strategies to grow their wealth and ensure its transfer to future generations, highlighting the importance of financial literacy and strategic planning [1][2]. Group 1: Strategies for Building Generational Wealth - Educating future generations is crucial, as financial literacy forms the foundation for maintaining wealth. HNWIs prioritize teaching their heirs about investments, tax efficiency, and wealth stewardship [3][4]. - Disciplined investing is a key strategy, where wealthy families invest consistently with a long-term perspective, focusing on income generation and tax-efficient investing [5]. - Building a collaborative financial team is essential for managing complex wealth. Ultra-high-net-worth families employ a team of professionals, including financial planners, tax strategists, estate attorneys, and investment specialists, to ensure tax optimization and alignment with long-term goals [6][7].