Core Viewpoint - The "dual investment advisory" model is transitioning from an innovative attempt in the industry to a mainstream practice, allowing securities firms and fund companies to collaborate within a compliant framework to enhance investment strategies and services [1][2] Group 1: Dual Investment Advisory Model - The dual investment advisory model involves collaboration between licensed securities firms and fund companies to optimize advisory strategies and improve service processes [1] - This model allows licensed institutions to break through their capability boundaries, achieving resource integration and complementing each other's strengths to expand the market for investment advisory services [2][6] - The model is seen as a shift from "individual institutional efforts" to "ecological collaboration," promoting a more efficient division of labor in the industry [6] Group 2: Product Innovation and Market Response - The "Happiness Small Goal" product exemplifies effective practice of the dual investment advisory model, showing significant growth in scale and efficiency since its launch, with a high proportion of retail clients [3][4] - The product features a diversified investment strategy that includes various asset classes, aiming to disperse risk globally and meet the strong demand for stable returns from clients [4] - In a low-interest-rate environment, traditional "fixed income+" products face challenges, making innovative products like "Happiness Small Goal" more appealing to investors [3] Group 3: Challenges and Considerations - The industry faces three main challenges in deepening collaboration: compliance constraints, power dynamics, and risk-sharing concerns [7] - Compliance pressures are significant, especially for institutions under the same parent company, which complicates cross-institutional cooperation due to strict regulatory requirements [7] - The need for clear delineation of responsibilities and risk-sharing mechanisms is crucial for sustainable collaboration in the dual investment advisory model [9] Group 4: Future Outlook - As the dual investment advisory model matures and industry consensus builds, it is expected to resolve challenges in wealth management, leading to a win-win situation for institutions, investors, and the industry [10]

Group 1 - The core viewpoint of the article emphasizes the collaboration between Zhongou Wealth and Shanxi Securities to launch multiple investment advisory strategies aimed at providing a comprehensive solution for investors seeking stable financial management amidst recent market volatility [1][2][4]. Group 2 - Zhongou Wealth and Shanxi Securities have introduced several investment advisory strategies, including "Zhongou Step by Step to Profit," "Zhongou Multi-Dimensional Stable Income+," and "Happy Small Goals," to meet the diverse investment needs of clients [2][3]. - "Zhongou Step by Step to Profit" is a low-volatility fixed income enhancement strategy that aims to generate higher returns than pure bond funds while maintaining controlled risk, suitable for investors looking for stable asset growth [2]. - "Zhongou Multi-Dimensional Stable Income+" offers a one-stop solution for asset diversification, incorporating seven categories of low-correlation assets, and aims to enhance risk resistance through continuous monitoring of asset correlations and volatility [2]. - "Happy Small Goals" is designed for investors with timing concerns, focusing on fixed income assets to build a safety cushion while flexibly allocating equity assets to increase return potential, with an automatic profit-taking mechanism triggered at an annualized return of 3.28% [3]. Group 3 - Zhongou Wealth is one of the first institutions in China to pilot fund advisory services, having over five years of experience in this field, and aims to improve user investment experiences through product iterations and service optimizations [4]. - Shanxi Securities, established over thirty years ago, is recognized for its stable operations and comprehensive service offerings across various sectors, including wealth management and asset management [4]. - The launch of these strategies marks the beginning of a close collaboration between Zhongou Wealth and Shanxi Securities, focusing on user needs and investment challenges to explore more fund advisory solutions in the future [4].