There are a large number of asset management firms operating all over the world. These asset management firms are famous for providing professional financial services to the corporations and finance companies on the management of their assets. The top asset management firms of the world offer professional management services for managing the shares and bonds of their clients.
The clients of the asset management firms may be insurance companies, corporations, pension funds or individual investors. The primary goal behind the service of the asset management firms is to help the investors attain their investment goals by proper management of assets. Services like wealth management and portfolio management are also offered by the asset management firms to their clients.
Asset management is nothing but the investment management of collective investments of the companies.
The asset management firms recruit proficient and knowledgeable investment managers to take the financial decisions. The investment managers are responsible for managing the assets of the companies and funds in the most feasible way so that the investment ensures maximum profit on a given condition.
The asset management firms also offer asset management services to the companies in order to maximize the return of the company. It can also be an account at a financial institution that includes services like checking services, debit cards, credit cards, margin loans and also brokerage services. It has been seen that the services offered by the asset management firms are for high net-worth clients.
The process of asset management includes keeping the records of assets of the companies. The asset management system is believed to have evolved from the maintenance management systems. The main principle of maintenance management is to use work orders for the predictive and preventive maintenance.
Some of the leading asset management firms of the world are – UBS AG, State Street Global Advisors, Fidelity Investments, BlackRock, Barclays Global Investors, JPMorgan Chase, Legg Mason, etc.
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Last Updated on : 27th June 2013