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Asset Management

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.03 sec.
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.


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The two companies will jointly market and sell e-business solutions that address Enterprise Asset Management (EAM), business needs on a global basis.
Shappert will be responsible for the Asset Management business in the region.
Convergence Asset Management a privately held hedge fund in Greenwich, Conn.
 
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