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…
