Recently, the wave of fee cuts for financial management companies has hit again, and the fixed management rate for some wealth management products is close to 0. Against the backdrop of declining returns on fixed income products and serious product homogenization, “roll rates” have become an important means for financial management companies to “exchange price for volume” and compete for existing capital. The reporter noticed that since the channel side has a strong voice, fee cuts in the financial management industry mostly “start with” fixed management fees, and rarely touch on sales and service fees. Management fees are an important source of revenue for financial management companies. Continued price wars can easily cause the industry to become entangled, adversely affecting the industry's long-term capacity building and commercial sustainability.

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