Asset Management

Asset Management

1. The management of the financial assets of a company in order to maximize return.

2. An account at a financial institution that includes checking services, credit cards, debit cards, margin loans, the automatic sweep of cash balances into a money market fund, as well as brokerage services.

Notes:

1. Quite often these are for high net-worth clients. They are convenient because the client gets a complete financial summary of banking and brokerage activity on one statement.

Also known as an asset management account or a central asset account.

See also: Asset, Asset Allocation, Sweep Account