What Is Asset Management, and What Do Asset Managers Do?
What Is Asset Management?
Asset management is the practice of investing money on behalf of clients. Asset managers work to increase wealth over time, following a personalized plan that reflects the client’s risk tolerance and financial goals.
Asset managers may also be called portfolio managers or financial advisors. Many work independently while others work for a financial services company such as BlackRock or Fidelity. Robo-advisors are a modern type of asset manager.
Key Takeaways
- The goal of asset management is to maximize the value of an investment portfolio over time while maintaining a level of risk that the client finds acceptable.
- Asset management clients include individuals, government entities, corporations, and…
