Wealth management has gradually become a new battlefield for trust companies for the recent years. Judging from the current condition of how they conduct their business in wealth management, many trust companies have begun preliminary explorations, from strategic planning to department setup and business implementation. But it is important to notice that the current wealth management business of trust companies is still in its early stage of simply selling trust products, therefore, there is plenty room for trust companies to utilize their speciality and institutional advantages to provide advisory services of allocating assets and managing clients' whole portfolios.
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