Asset Management

Definition of Asset Management Hierarchical Category as it relates to Finance

Asset Management refers to the systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner. It involves the management of an individual's, company's, or organization's tangible and intangible assets, including investment portfolios, properties, and intellectual properties. In the financial context, asset management often refers to managing investments on behalf of clients to grow their wealth and provide for future needs. It is a crucial element of financial planning and wealth management.

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