Be it any area or any sphere of life management is the main element to success. Management of simple things such as your day-to-day activities etc. mightn’t require much consideration but large amount of planning is to be done as it pertains to managing assets.
Asset management basically refers to 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 always 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 physical assets such as infrastructure, property, heritage, plant and equipment.
The strategy of asset management is dependent upon financial aspects of ownership such as calculating the whole cost of ownership, depreciation, licensing, maintenance and insurance. Asset management may be in various spheres. For instance 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 an asset management strategy a firm or someone may add value to his business, improve investment performance, manage financial risk exposure and reduce costs to business.
Keeping the incredible significance of asset management at heart, 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, an asset management service holds a distinct segment above the patient investors.
A number one name in asset management and investment management services is Lazard. Lazard is known 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 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.
Each one of these proficient companies remember the fact investment is very a challenging task that will require tremendous planning and risk bblam. These companies function in ways to create better risk-adjusted investment returns and present investment answers 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 is that the Legg Mason shares increased by 76% due to the news so it was overpowering Citigroup’s asset management business.
Overall asset management companies are ideal resources to operate a vehicle costs out of your business operations, increase profitability and obtain access to vast information database for making a prudent choice