Financial Glossary
Asset Management
What is Asset Management?
Asset management involves tracking, maintaining, and optimizing a company’s financial and physical assets to maximize efficiency and profitability.
Types of Asset Management
- Financial Asset Management: Managing stocks, bonds, and investments.
- Fixed Asset Management: Tracking equipment, real estate, and machinery.
- Digital Asset Management: Organising intellectual property, software, and digital files.
Why is Asset Management Important?
- Prevents asset depreciation with proper tracking.
- Optimises investments for better financial returns.
- Reduces unnecessary costs by eliminating inefficiencies.
📌 Related: Business Valuation | Balance Sheet
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