Be it any area or any sphere of life management is the key to success. Management of simple things such as for instance your day-to-day activities etc. might not require much consideration but large amount of planning is to be done as it pertains to managing assets.
Asset management basically identifies managing money for individuals through stocks, bonds and cash equivalents etc. The asset management system has sprung from maintenance management systems and its aim would be to optimize asset use and manage all maintenance efforts associated with making the assets as confidential, accurate and efficient as possible. The principles of asset management apply equally to all physical assets such as for instance infrastructure, property, heritage, plant and equipment.
The strategy of asset management is dependent upon financial areas of ownership such as for instance calculating the whole cost of ownership, depreciation, licensing, maintenance and insurance. Asset management could be in various spheres. For instance asset management in the field of property is called property asset management, asset management in IT, in finance or investment asset management and asset management in inventory and physical stock.
Varying with the sort of an advantage management strategy a company or someone could add value to his business, improve investment performance, manage financial risk exposure and reduce costs to business.
Keeping the incredible significance of asset management at heart, various asset management companies have mushroomed these days. An asset management company is a company that invests the pooled funds of retail investors in securities in accordance with the directed investment objectives. By offering more diversification, liquidity and professional management service, an advantage management service holds a distinct segment above the patient investors.
A leading name in asset management and investment management services is Lazard. Lazard is known for investment banking with offices in more than 16 countries throughout the world. Lazard provides multiple services such as for instance advisory services including mergers and acquisitions, asset management and restructuring to corporations, partnerships, institutions, governments and individuals.
Similarly the Asset Intelligence unit of General Electric’s Equipment Services has earned commendable name in providing intelligence based asset management and logistics services for commercial and transportation equipments. Hardcat is a respected asset management solution provider in UK, Australia and USA.
The joint venture between UK’s top ranking insurance company Prudential Plc. and India’s recognized financial institution, the ICICI Bank Ltd. has triggered the ICICI Asset Management Company to supplement the Indian investor mutual fund products with various growing needs of investment.
Every one of these proficient companies bear in mind the truth that investment is fairly a tough task that requires tremendous planning and risk bblam. These companies function in a way to produce better risk-adjusted investment returns and present investment solutions to the clients.
Recently the prizes of traded asset management companies have touched the sky primarily as a result of two reasons- rising stock markets and industry consolidation. A paradigm instance here is that the Legg Mason shares increased by 76% due to the news so it was overpowering Citigroup’s asset management business.
In general asset management companies are ideal resources to operate a vehicle costs from your business operations, increase profitability and get access to vast information database for creating a prudent choice