First of all, asset management is a business in which a specialist or advisor manages the money of his clients. In other words, a manager defines the investment goals of a major client and helps them achieve these goals through portfolio diversification and asset management. In other words, a specialist acts on behalf of the client in the purchase and management of bonds, funds, stocks and other financial instruments.
Although they seem to be almost the same as brokers, asset managers act a little differently. They work with individuals, commercial organizations, non-profit organizations and public companies of various sizes. At the same time, asset management service providers are usually large companies, but interaction through a single person is still possible.
What are the duties of an asset manager?
An asset manager is a trusted expert or representative of a company.