Asset management (financial terms) is often used to refer to the investment management of collective investments , whilst the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as wealth management or portfolio management often within the context of so-called “private banking”.
Investment management is the professional management of various securities (shares, bonds etc) and other assets (e.g. real estate ), to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds, corporations etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes eg. mutual funds ) .
Asset management (business terms) is used to manage physical assets in most business organizations. Management of physical assets includes:
Properly used, asset management can be a powerful weapon in your arsenal of tools for increasing your productivity and profit. At Empire Financial Services S.L. Business Ventures, we use asset management for 2 purposes.
Asset management software provides valuable help, by maintaining accurate records of all of your assets, physical or non-physical. A number of vendors provide asset management software, which tends to fall into distinct categories:
Repository: Collected data is organised and stored for efficient retrieval. This type of system can readily interface with automated data collection tools, such as bar code readers, sensory systems etc..
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