Noah Holdings Limited (Noah Wealth) was founded in 2003 by Jingbo Wang in Shanghai, China. It is a comprehensive financial services management company with business scope including wealth management, asset management, private equity and debt investment, fund management, and family wealth management services.
History of Noah Wealth: In 2003, Noah Wealth originated from the private banking department of Xiangcai Securities, providing financial advisory services to wealthy individuals. In 2007, it received investment from Sequoia Capital. In November 2010, Noah Wealth was listed on the New York Stock Exchange. From 2011 to 2015, the company expanded its business scope to include asset management, global product platforms, internet finance, and established branches in Hong Kong, Singapore, the United States, and other locations. From 2016 to 2018, several investment products and services were launched, with an expansion of client base and partners. From 2019 to 2020, the company faced challenges and crises, including significant losses and settlement fees due to the "Camsing incident," product failures, customer complaints, performance declines, and client attrition. On July 13, 2021, Noah Holdings-S was listed on the Hong Kong Stock Exchange, completing a dual listing.
The services provided by Noah Wealth include:
- Wealth Management: Providing high-net-worth clients with professional wealth management services, including financial investment product selection, asset allocation, and portfolio management. Products offered include private equity, real estate, hedge funds, mutual funds, insurance, among others.
- Asset Management: Providing institutional and individual clients with professional asset management services, covering private equity funds, real estate funds, hedge funds, trust plans, etc.
- Global Open Product Platform: Providing clients with investment products and services on a global scale.
- Internet Finance: Utilizing internet technology and big data analysis to offer clients convenient online financial services.
The business model of Noah Wealth can be described as a combination of online and offline services providing wealth management. The business model includes:
- Online Platform: Noah Wealth offers financial services to clients through its own online platform. Clients can browse and select various investment products, perform transactions, and manage portfolios through the website or mobile app.
- Offline Advisory Team: Noah Wealth is equipped with financial advisors and a consulting team for face-to-face communication and consultation with clients.
- Product Selection and Screening: Noah Wealth provides investment product choices on its platform, including private equity, real estate, hedge funds, mutual funds, insurance, etc.
- Asset Allocation and Management: Based on clients' risk tolerance, investment goals, and timelines, Noah Wealth's advisors offer asset allocation recommendations.
- Comprehensive Services: In addition to investment products and asset allocation, Noah Wealth also provides a range of comprehensive services, including financial planning, tax planning, estate planning, and more.
