Proper management of assets and investments are an important factor when it comes to the growth of wealth. While they may sound different asset management and investment management are quite similar to one another with a few subtle differences.
Asset management services are financial services offered by professionals in which the value, financial health, growth potential and investment opportunities of various assets are identified in order to manage them successfully.
Property asset management is one type of asset management in which a financial firm manages property such as office space, retail premises, industrial premises, etc. Property asset management includes rent collection, maintenance of buildings, lease management, etc.
Asset liability management refers to the management of risks that are created through the mismatch between the firm’s assets and liabilities.
These include the management of liquidity risk, interest rate risk, currency risk, etc.
Certain investors prefer to hand over complete control of their investment portfolio to professional financial managers without the need for consulting with the investor when making major fund changes.
Banks provide asset management and investment management under the private banking umbrella of services.
For a Chama intending to invest group money, the treasures needs educate members of the difference in the asset management and investment management investments that they wish to venture into.
This thus reduces any conflict in the future in the event that the group incurs any loss.
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