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Simple English definitions for legal terms
asset under management
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A quick definition of asset under management:
Asset under management refers to a portfolio of investments that are managed by an investment advisor. An asset is something that has value, like money, property, or equipment. Assets can be owned by individuals, businesses, or organizations. There are different types of assets, such as current assets that can be easily converted to cash, and fixed assets that are used for long-term business operations. Some assets may be difficult to sell or have no value, like a debt that cannot be collected.
A more thorough explanation:
Definition: Asset under management refers to a securities portfolio that is managed by an investment adviser who provides ongoing supervision and management services.
Examples:
- A mutual fund that is managed by an investment company.
- A pension fund that is managed by a financial advisor.
- A hedge fund that is managed by a portfolio manager.
These examples illustrate the definition of asset under management because they all involve a securities portfolio that is managed by an investment professional who provides ongoing supervision and management services. The investment professional is responsible for making investment decisions on behalf of the portfolio and ensuring that the portfolio is aligned with the investment objectives of the client.