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Asset Management is a financial service that involves the management of financial assets and other investments on behalf of clients. It is a broad term that encompasses a variety of services, such as portfolio management, investment advice, and financial planning. Asset Managers are responsible for making decisions about how to invest their clients' money in order to maximize returns and minimize risk. They also provide advice on how to diversify investments and manage risk. Asset Managers typically charge a fee for their services, which is based on the amount of assets under management.
Asset Management is an important part of the financial industry, as it helps individuals and institutions manage their investments and achieve their financial goals. It is also an important source of revenue for financial institutions, as they are able to charge fees for their services.
Some of the major companies in the Asset Management market include BlackRock, Vanguard, Fidelity Investments, JPMorgan Chase, and UBS. Show Less Read more