Be it any area or any sphere of life management is the main element 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 usually to be done as it pertains to managing assets.
Asset management basically describes managing money for individuals through stocks, bonds and cash equivalents etc. The asset management system has sprung from maintenance management systems and its aim is to optimize asset use and manage all maintenance efforts involved with making the assets as confidential, accurate and efficient as possible. The principles of asset management apply equally to all or any physical assets such as for instance infrastructure, property, heritage, plant and equipment.
The strategy of asset management is dependent upon financial facets of ownership such as for instance calculating the whole cost of ownership, depreciation, licensing, maintenance and insurance. Asset management may be in different spheres. For example asset management in the field of property is recognized as property asset management, asset management in IT, in finance or investment asset management and asset management in inventory and physical stock.
Varying with the type of a resource management strategy a firm or a person 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 in mind, various asset management companies have mushroomed these days. A property management company is a firm 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, a resource management service holds a distinct segment above the in-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 leading 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 resulted in the ICICI Asset Management Company to supplement the Indian investor mutual fund products with different growing needs of investment.
All these proficient companies remember the fact that investment is very a complicated task that will require tremendous planning and risk bblam. These companies function in a way to produce better risk-adjusted investment returns and present investment methods to the clients.
Recently the prizes of traded asset management companies have touched the sky primarily due to two reasons- rising stock markets and industry consolidation. A paradigm instance listed here is that the Legg Mason shares increased by 76% as a result of news that it was overpowering Citigroup’s asset management business.
Overall asset management companies are ideal resources to operate a vehicle costs from the business operations, increase profitability and access vast information database for creating a prudent choice