Asset management is the direction of all or part of a client's portfolio by a financial services institution, usually an investment bank, or an individual. Institutions offer investment services along with a wide range of traditional and alternative product offerings that might not be available to the average investor.

KEY TAKEAWAYS

Asset management refers to the management of investments on behalf of others.

The goal of asset management is to grow a client's portfolio over time while mitigating risk.

Asset management is a service offered by financial institutions catering to high net-worth individuals, government entities, corporations and financial intermediaries.

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