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Asset management is also known as investment management. It is the professional management of various securities to meet specified investment goals for the benefit of investors. Asset management is the management of physical assets and includes their selection, maintenance, inspection and renewal. It plays a key role in determining the operational performance and profitability of industries that operate assets as part of their core business. If has often been said that asset management is the art of making the right decisions and optimising the processes involved within business. So we have determined that the definition of asset management can be defined as the management of physical assets but what does this actually mean to your business? Asset management has been proved to help improve your businesses operational performance as well as the profitability of your company. Asset Management is the art and science of making the right decisions and optimising these processes. It is a term that 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 specialise 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. The purpose of asset management is to discipline the managing of your content to meet your business objectives. It is a combination of strategy and the process for aligning information, which is held by an organisation with the priorities of business. It is safe to say that asset management describes a standard accountancy process, which is based on maintaining details of assets that are above a certain value. It is the management of investments according to risk and return considerations but what is actually considered an ‘asset?’ It is anything that owned by an individual or company that has a cash value such as physical goods, property and savings and investments. In a business sense assets include infrastructure, human resources, computers and any other piece of equipment that is needed to start up and run a successful business. To assist businesses and organizations in asset management, much asset management software has been developed and is now available to assist you in all of your asset management needs. When you are choosing the particular asset management software appropriate for your organisation, quite a number of factors need to be considered such as the amount of equipment that your business has, the cost of the rental of a property and how much staff you have employed. As well as physical aspects of business such as the property; another common use of the phrase asset management when it comes to the financial services industry is the management of assets invested on behalf of a range of sectors including: collective investment schemes, pension funds and private banking or wealth management. For more information about what asset management can do for you get in touch with a financial team today who will be able to help you with all of your asset management needs. Helen is the web master for Angel Start-ups, home of all your Asset Management needs.
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