Asset Management

Definition of Asset Management Hierarchical Category as it relates to Finance, Accounting

Asset Management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in a cost-effective manner. It involves the balancing of costs, opportunities, and risks against the desired performance of assets to achieve an organization's financial objectives. This includes accounting procedures to keep track of assets, liabilities, equity, income, and expenses. In the broader context of finance, it encompasses the management of a client's investments by a financial services company, usually an investment bank, or an individual.

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