Assets like a house? or money you can use to trade?
In: Mathematics
This is a term very commonly used in – banks, investment firms, or any asset management company
Think of it this way, imagine you own a bank, that manages all the money in your family (that is, your mothers, fathers, grandparents’, etc..) Now, you are responsible for making any decisions/investing that money, according to the goals and preferences of your family members (how much risk they’re comfortable with, how much growth they want) ALL THE MONEY YOU ARE HANDLING FOR THEM, ARE YOUR “assets under management”.
Now apply this to a big bank, for example, if the bank manages $500M for their clients, the bank’s assets under management would be $500M, and the bank would be responsible for making all the decisions regarding the investing/managing of that money.
Simply put, its a big basket of money that the bank manages for it’s clients, and the basket includes all the investments (like stocks, bonds, and real estate) that the company manages for its clients.
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