Entity: ASSET-MANAGEMENT
Asset management is a systematic approach to governing and realizing value for which a group or entity is responsible, involving the management of money, stocks, shares, and other financial instruments to increase their value.
ASSET-MANAGEMENT
Etymology
The term 'asset management' originates from the idea of managing assets to maximize their value and achieve organizational goals.
Definition
Asset management is the practice of managing assets, including tangible assets like physical objects and intangible assets like financial instruments, to achieve an organization's objectives by balancing costs, opportunities, and risks.
Historical Context
Asset management has evolved over time to become a systematic approach to governance and value realization for entities responsible for various assets.
Cultural Significance
Asset management plays a crucial role in the financial sector, with asset managers entrusted to invest clients' money and increase the value of financial instruments.
Related Concepts
Asset management is closely related to investment management, financial planning, and wealth management, as they all involve managing assets to achieve financial goals.
See Also
The practice of managing assets, including tangible and intangible assets, to achieve an organization's objectives by balancing costs, opportunities, and risks.