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 to be done when it comes to managing assets.
Asset management basically refers to managing money if you are through stocks, bonds and cash equivalents etc. The asset management system has jumped from maintenance management systems and its aim is to maximize asset use and manage all maintenance efforts involved in making the assets as secret, accurate and efficient as possible. The principles of asset management apply equally for all physical assets such as facilities, property, heritage, plant and equipment.
The strategy of asset management depends on financial areas of ownership such as computing the entire cost of ownership, downgrading, licensing, maintenance and insurance. Asset management can be in a variety of spheres. For instance asset management in the field of property is known as property asset management, asset management in it, in finance or investment asset management and asset management in inventory and physical stock. tiscoasset
Varying with the kind of an asset management strategy your plant or a person might add value to his business, improve investment performance, manage financial risk exposure and keep your charges down to business.
Keeping the incredible significance of asset management in mind, various asset management companies have mushroomed these days. An asset management company is a firm that invests the pooled funds of retail investors in securities in line with the directed investment objectives. By offering more variation, liquidity and professional management service, an asset management service holds a niche above the individual 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 across the world. Lazard provides multiple services such as advisory services offering mergers and acquisitions, asset management and restructuring to enterprises, partnerships, institutions, governments and individuals.
Similarly the Asset Learning ability unit of General Electric’s Equipment Services has earned extensive name in providing learning ability 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 keep in mind the fact that investment is quite a challenging task that will require tremendous planning and risk. These companies function in a way to produce better risk-adjusted investment returns and present investment methods of the clients.
Recently the prizes of bought and sold asset management companies have carressed the sky primarily due to two reasons- rising stock markets and industry combination. A paradigm instance here is that the Legg Mason shares increased by 76% due to the news that it was overpowering Citigroup’s asset management business.
All in all asset management companies are ideal resources to drive costs from the business operations, increase earnings and gain access to vast information database for making a prudent choice.