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What is Asset Management?

10/7/2015

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Based in Houston, Texas, Jerald Turboff has leveraged his real estate and investment expertise to serve as president of Prime Capital Corporation for nearly three decades. In this capacity, Jerald Turboff specializes in a variety of service areas, including asset management.

Asset management encompasses two distinct fiscal practices. In the first, a financial firm or private advisor provides asset management services, maintaining a client’s profile of taxes, insurance products, and bank accounts. Asset management professionals also manage a client’s investments, researching current markets and firms to make informed decisions on which investment opportunities are the most beneficial. Often, advisors offer unique investment services, such as early-market access and alternative products. Advisors also help clients, particularly those who have a large number of assets, cultivate a strong financial portfolio.

In the second asset management practice, large corporate firms seek services to maintain their intangible and tangible assets and increase company value. For example, a company might have a building as a tangible asset and a securities portfolio as an intangible asset. Asset management would help this firm make the most efficient use of its assets by decreasing costs and raising stability. For example, reducing the vacancy of a building in an investment portfolio would increase the value of the asset.

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