Intro to Finance
Asset management refers to the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner. It involves managing investments on behalf of clients to achieve specific financial objectives while optimizing the use of resources. Effective asset management is crucial for financial institutions as it directly impacts their performance and profitability, guiding decisions on portfolio allocation, risk assessment, and investment strategies.
congrats on reading the definition of Asset Management. now let's actually learn it.