Be it any area or any sphere of life management is the key to success. Management of simple things such as your day-to-day activities etc. might not require much consideration but lot of planning is usually to be done in regards 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 involved in 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 infrastructure, property, heritage, plant and equipment.
The strategy of asset management depends on financial facets of ownership such as calculating the whole cost of ownership, depreciation, licensing, maintenance and insurance. Asset management can be in various 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 sort of a resource management strategy a company or an individual will 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. An advantage 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, a resource management service holds a niche above the person investors.
A respected name in asset management and investment management services is Lazard. Lazard is noted for investment banking with offices in over 16 countries across the world. Lazard provides multiple services such as advisory services that include 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 led to the ICICI Asset Management Company to supplement the Indian investor mutual fund products with different growing needs of investment.
Each one of these proficient companies keep in mind the truth that investment is quite a difficult task that will require tremendous planning and risk bblam. These companies function in a way to make 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 here’s that the Legg Mason shares increased by 76% as a result of news that it was taking over Citigroup’s asset management business.
All in all asset management companies are ideal resources to drive costs out of your business operations, increase profitability and access vast information database for building a prudent choice