Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. Although the exact details of the task varies widely from company to company, asset management often includes tracking the physical location of assets, managing demand for scarce resources, and accounting tasks such as amortization. A company is, in general, any group of persons, which are known as its members, united to pursue a common interest. ... In business and accounting an asset is anything owned which can produce future economic benefit, whether in possession or by right to take possession, by a person or a group acting together, e. ... A factory (previously manufactory) or manufacturing plant is a large industrial building where workers manufacture goods or supervise machines processing one product into another. ... A desk is a furniture form and a class of table. ... Wiktionary has related dictionary definitions, such as: chair For other uses of the term chair, please see chair (disambiguation). ... An illustration of a modern personal computer. ... Building is either the act of creating an object assembled from more than one element, or the object itself; see also construction. ... The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). ... Accountancy (British English) or accounting (American English) is the process of maintaining, auditing, and processing financial information for business purposes. ... Amortization may refer to: Amortization (business), the allocation of a lump sum amount to different time periods. ...

The most common usage of the phrase asset management is in terms of the financial services industry. Here it is used to describe the management of assets invested on behalf of a range of sectors including: collective investment schemes, pension funds and so-called private banking or wealth management (typically for wealthy individuals). Financial services is a term used to refer to the services provided by the finance industry. ... A collective investment scheme is a way of investing money with other people to participate in a wider range of investments than may be feasible for an individual investor and to share the costs of doing so. ... A pension (also known as superannuation) is a retirement plan intended to provide a person with a secure income for life. ... Private banking is a term which covers both of the services which banks give to individuals usually with liquid wealth of above 1 million dollars, and also the division of that entity which does checking, savings, and loans for that clientele. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ...

The asset management industry

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In the financial services industry, the term asset management is often used to describe the mutual fund segment or division of a financial services company. Often times this segment includes revenues from separate accounts, which can be thought of as "a mutual fund for one person" where the investment manager controls almost all the decisions. In banks, this segment has traditionally included the revenues and profits from money market funds sold to large corporations, or even a specialized money market fund set up for an individual corporation (this is called liquidity management). Typically, large corporations only keep in their bank accounts as much cash as required by the bank to offset the fees charged by that bank. Excess cash is then usually invested in a money market mutual fund or a short term series of bonds. The fees earned by a bank for this management is often described under the "Asset management" category.. Image File history File links Nuvola_apps_browser. ... A mutual fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money-market instruments, and/or other securities. ... Division may mean: Division (mathematics), the opposite operation to multiplication. ... Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... A bank is an institution that provides financial service, particularly taking deposits and extending credit. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Money funds (or money market funds, money market mutual funds) are mutual funds that invest in short-term debt instruments. ... Money funds (or money market funds, money market mutual funds) are mutual funds that invest in short-term debt instruments. ... Cash usually refers to money in the form of currency, such as bills or coins. ...

See also

• List of asset management firms
• Investment management