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Asset management is aimed at wealthy private and institutional investors who invest their assets in both liquid and illiquid asset classes. Whereas private investors buy know-how and expertise by commissioning an asset manager, institutional investors have the necessary expertise and experience to transact investments in their own right. Asset managers leverage a range of solutions that are available to them to manage their activities, which are primarily software-based products that help investors to structure and transact their investments and manage their portfolios. Investors can purchase these IT solutions and use them for their own purposes, i.e. insourcing. To avoid having to independently operate this array of IT products, investors can also employ the services of modern Appraisal Companies and asset servicer, i.e. outsourcing. An asset management company serving as an advisor to a client has one overriding goal to substantially grow its client's portfolio. Asset managers are often hired by institutional investors like pension funds, corporations, and financial intermediaries, as well as high net worth individuals.
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Overview • Asset management is aimed at wealthy private and institutional investors who invest their assets in both liquid and illiquid asset classes. Whereas private investors buy know-how and expertise by commissioning an asset manager, institutional investors have the necessary expertise and experience to transact investments in their own right. Asset managers leverage a range of solutions that are available to them to manage their activities, which are primarily software-based products that help investors to structure and transact their investments and manage their portfolios. Investors can purchase these IT solutions and use them for their own purposes, i.e. insourcing. To avoid having to independently operate this array of IT products, investors can also employ the services of modern Appraisal Companies and asset servicer, i.e. outsourcing. An asset management company serving as an advisor to a client has one overriding goal to substantially grow its client's portfolio. Asset managers are often hired by institutional investors like pension funds, corporations, and financial intermediaries, as well as high net worth individuals.
Benefits of Asset Management • There are many benefits of adopting an asset management strategy, such as: • Improving Acquisition and Use • Improving Compliance • Good Business Practice • Eligibility for Federal Funding • Individual Asset Management • Improved Reliability • Regulatory Compliance • Long Term System Integrity • Cost Savings
Improving Acquisition and Use • By keeping tabs on a company’s assets throughout their life cycle, a firm owner can improve their technique of acquiring and using assets. A good case in point is Cisco Systems, which was able to reduce costs by executing PC asset management. When implementing such a strategy, the company discovered wasteful purchasing practices, which is solved by developing a better strategy for buying the equipment needed by workers. Improving Compliance • Government agencies, non-profit organizations, and companies are required to provide comprehensive reports on how they acquire, utilize, and dispose of assets. To ease the reporting process, a majority of them record their asset information in a central database. In such a way, when they need to compile the reports at the end of their financial year, they can easily access all the information they need
Good Business Practice • By Asset management results in better decisions. Aligning management of infrastructure with strategic policies and direction will support the long-term success of the utility’s mission, goals and objectives. Individual Asset Management • Asset management for individuals is roughly synonymous with wealth management and Machinery Appraisal. It refers to managing an individual’s investments or estate.
Long Term System Integrity • The concept of “sustainable infrastructure” is gaining increased visibility, probably due to the problems in many American cities and towns where sufficient reinvestment in infrastructure has not been made. By relating costs to asset condition and conducting long term planning for each asset, policymakers get the facts they need to help sustain the infrastructure. CostSavings • There is evidence that asset management systems that maintain infrastructure in a sound and reliable condition and are based on minimizing life cycle costs, can significantly reduce operating and maintenance cost, as well as long-term capital expenses. A life cycle approach means that the utility always gets the most assets for its money.
For More Information Contact Here • CONTACT US :- 415.515.1110 • VISIT HERE: https://www.bcamasset.com/ • EMAIL: chris.nugent@bcamasset.com
