Asset Management

1. The management of a client's investments by a financial services company, usually an investment bank. The company will invest on behalf of its clients and give them access to a wide range of traditional and alternative product offerings that would not be to the average investor.

2. An account at a financial institution that includes checking services, credit cards, debit cards, margin loans, the automatic sweep of cash balances into a money market fund, as well as brokerage services.

Also known as an "asset management account" or a "central asset account".

1. The expense of this service generally restricts it to high net-worth individuals, governments, corporations and financial intermediaries. This includes such products as equity, fixed income, real estate, agriculture and international investments.

2. When individuals deposit money into the account, it is placed into a money market fund that offers a greater return that can be found in regular savings and checking accounts. The added benefit to individuals is that they can do all of their banking and investing at the same institution instead of having a bank and brokerage account at two different companies.

These types of accounts came about with the passing of the Gramm-Leach-Bliley Act in 1997, which replaced the Glass-Steagall Act. The Glass-Steagall Act was created during the Great Depression and did not allow financial institutions to offer both banking and security services.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Asset management — Asset management, broadly defined, refers to any system whereby things that are of value to an entity or group are monitored and maintained. It may apply to both tangible assets and to intangible concepts such as intellectual property and… …   Wikipedia

  • asset management — ➔ management * * *    Also known as liability management, this is the function of controlling assets and liabilities to achieve the optimum return and reduce risk. * * * asset management UK US noun [U] FINANCE ► the management of a company s or… …   Financial and business terms

  • Asset-Management — Der englische Begriff Asset Management steht für Vermögensverwaltung oder Anlageverwaltung Verwendung eines Asset Management Systems Plant Asset Management zur Verwaltung von Vermögenswerten in Form von Anlagegütern eines Unternehmens, die… …   Deutsch Wikipedia

  • asset management — 1) The management of the financial assets of a company in order to maximize the return on the investments. 2) An investment service offered by banks and some other financial institutions. In the UK some private banks offer an asset management… …   Accounting dictionary

  • asset management — 1) The management of the financial assets of a company in order to maximize the return on the investments. 2) An investment service offered by banks and some other financial institutions. In the UK some private banks offer an asset management… …   Big dictionary of business and management

  • Asset-Management — As|set Ma|nage|ment, As|set|ma|nage|ment [ ɛsɛtmænɪʤmənt , …mɛnt], das; s, s [engl. asset management]: Vermögensverwaltung durch eine Bank od. eine spezielle Vermögensgesellschaft, die die Anlageentscheidungen im Interesse der Anleger, aber nach… …   Universal-Lexikon

  • Asset Management — Gestion d actifs La gestion d actifs, sous entendu d actifs financiers, est une activité qui consiste à gérer les capitaux confiés dans le respect des contraintes règlementaires et contractuelles en appliquant les politiques d investissements… …   Wikipédia en Français

  • asset management —   Attività di gestione di un portafoglio di attività finanziarie svolta da un intermediario finanziario per conto terzi …   Glossario di economia e finanza

  • asset management — Fin an investment service offered by some financial institutions that combines banking and brokerage services …   The ultimate business dictionary

  • Asset management (disambiguation) — Asset Management can refer to: *Financial Asset Management: **Investment management the sector of the financial services industry that manages collective investment schemes. **Global assets under management **List of asset management firms… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.