Asset Management
/ˈæsɛt ˈmænɪdʒmənt/
Definitions
- (n.) The professional management of various types of assets—including financial, physical, and intangible property—on behalf of clients or entities to meet specified investment goals or operational needs.
The firm specializes in asset management for high-net-worth individuals.
- (n.) The legal oversight and administration of assets within estates, trusts, or corporate holdings to ensure compliance with fiduciary duties and regulatory requirements.
Asset management in the trust requires adherence to the beneficiary's instructions and relevant laws.
Related terms
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Commentary
In drafting legal documents, distinguish between asset management as a financial service and as a fiduciary or estate administration function, clarifying the scope of authority and duties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.