What is Asset Management in Financial Services?
144177
Asset management would involve directing the financial resources of an individual or entity (corp, trust , etc>) into proper investment vehicles such as the stock market, bank accounts, cd's, etc. Could also buy real estate, precious metals, commodities. All depends on what is needed to fit the clients needs.
650355
Basically, managing $26bb or whatever it is takes expertise. Hopefully the Harvard Board's expertise is running a university...which is very different than asset management. When you want something done, hire people who do that thing for a living. Harvard's board did exactly that.\n\nAlso, the other answerer is correct. You want a foundation to be at "arm's length" from the board. If it is too close, there can be implications of conflict of interest.
1029656
The function of a professionally managed portfolio is to make money for the manager.  He/she accomplishes that best by making a little money for the person who gave the money to manage.  That way more people are encourage to give money and therefore increase the management fees which are a percentage of the assets under management.
222314
a financial system is a bunch of financial data organized into various data tables.  this information is used to support the decisions made by the business.\n\nTypically a complete financial system also includes general ledger software so that you can 'do the books'.
145472
I work with small to mid-sized businesses helping them design and implement retirement plans and other benefit programs. Your question is not easily answered mainly because the term "excellent" can mean so many different things. I assume you are looking for a TPA. Do you want the TPA to handle the recordkeeping also? Are you looking to replace a TPA on an existing plan or is this a new plan? Do you need new investment management also?\n\nTypically, a 401k plan has three distinct roles to be filled - Investment management, Administration and recordkeeping. This can be handled all by one company (a "bundled" plan) or by two or more firms (unbundled).\n\nI find alot of value for  smaller clients with the American Funds platforms, both bundled and unbundled. If the client is more price sensitive Oppenheimer also offers good platforms. My best advice would be to find a local financial planner that specializes in retirement plan design.\n\nIf you happen to be in PA, DE, NJ or FL, I can help you. Let me know if you would like to discuss this more.
1042440
Marketing management is the analysis, planning, implementation, and control of programs designed to manage mutually beneficial exchanges with markets. \n\nHope this helps!
580082
Financial mgmt is a way on how well u manage ur income, expenses, and savings in the long run. Objective is to know how u spend ur income (to buy necesessities, to indulge in luxury, etc.)and what u have left at the end of the day for savings. where is the chunk of cash going if at the end of the day u find urself broke. \nEven if u are not earning or taking allowance from ur parents, its always wise to record down ur daily expenditure. The basic formula for successful financial management is Income - Savings = Expenses. Its always important to put into the piggy bank before spending on unimportant stuff. Get to know ur priorities right e.g settle ur housing loan, car instalment, basic bills and commitment then the next step is savings. at least 30% should be sufficient. the balance u can indulge in a thing or two once in a mth e.g go to spa, or that dress u've been eyeing. but remember material things should not top ur priority. Ur commitment is. \nFinancial mgmt is for everyone. It doesn't matter when you are in school, college or working. The best is to cultivate good spending habits from a young age. The younger u start, the more u are able to save in the long run. :) Cheers
292485
Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. The term finance may thus incorporate any of the following:\n\nThe study of money and other assets \nThe management and control of those assets \nProfiling and managing project risks \nAs a verb, "to finance" is to provide funds for business.
689986
You should get the records of your assets like this:\n\nASSETS\n  Cash on Hand ------------------------------- $0.00\n  Accounts Receivable ------------------------ $0.00 \n  (anything that has not yet been collected)\n  Goods that have certain value -------------- $0.00\n      Total Current Assets --------------------------  $0.00\n\n  Property (Gross Investment) ---------------- $0.00\n  Equipment Accum Depreciation (car)------- (-)$0.00\n      Net Investment --------------------------------- $0.00\n                                                       _____\nTotal Assets ----------------------------------------- $0.00\n\nLIABILITIES AND SHAREHOLDER EQUITY\n  Accounts Payable ------------------------ (-)$0.00\n  (Money that you need to pay "pronto")\n  Short-Term Loan Payable ----------------- (-)$0.00\n  (credit cards)\n  Current Portion of Long-Term Debt ------- (-)$0.00\n  (a sum of all principal payments om outstanding bonds)\n      Total Current Liabilities ---------------------- $0.00\n      (red numbers)\n\n   Long Term Bonds Outstanding ----------------------- $0.00\n                                                       _____\n       Total Liabilities ----------------------------- $0.00\n\n   Shareholder Equity \n   Common Stock ------------------------------ $0.00\n   Additional Shareholder Capital ------------ $0.00\n   Accumulated Retained Earnings ------------- $0.00\n\n       Total Shareholder Equity ---------------------- $0.00\n\n          Total Liabilities and Shareholder Equity --- $0.00\n           (This amount should be the same as Total Assets)
395669
The satement of financial position is the same as the balance sheet. In it, you list your assets, liabilities and equity with their corresponding values.  Ask your accountant for specifics.
48384
Joe got it right in his second paragraph.  You can think of risk versus # of assets (assuming they're different from a risk-reward standpoint, exhibit uncorrelated returns, etc) and that as you diversify, you're travelling along an asymptotic curve that approaches systematic risk that cannot be diversified away regardless of the # of assets.\n\nUnsystematic risk refers to risk that can be diversified away.
459436
Maybe look into GASB34.  It's an accounting standard for government.  It is causing a lot of uproar because of what it means for asset management.  Hot topic right now.
921485
assets and liabilities (manager,worker,associate, etc)
1129866
the most important in a  business is money managment.
688802
Banks, libraries, financial services
540720
It is a service oriented business. Remember the company which runs the asset management company doesn't own the money and hence it is not their money. It collects money from investors and invests and produces returns.  A good return compared to the competitor means more investors willing to invest their money with that AMC and hence more profit for the management.\n\nI think you got the feeling because you thought it is AMC's money but in reality it is simply a trust doing investment on behalf of all the small investors and by pooling through small amount it builds-up a big asset to be influential and makes the best out of available opportunities.\n\nHope that answers your question in a better way.\n\nGood luck.
1165526
If you're a paid investment manager, you have a legal obligation to manage clients' money for their own financial interest, not yours.  You can collect fees and/or comissions according to your agreement with the clients, but if you do anything like churn their investments to generate revenue, they can sue you.  You might also get in trouble with regulators.