asset management

Asset Management

The act or practice of an investment advisory firm making investment decisions on behalf of a client. Asset management often opens up more potential investment vehicles up to the client. Another advantage is that, theoretically, asset managers have more knowledge and experience in making appropriate investment decisions than their clients. Asset management is usually limited to institutional investors and high net-worth individuals, as it is usually expensive.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

asset management

The umbrella name for all phases and areas of expertise in the acquisition, management,leasing,operation,and eventual sale of real property assets.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.