Difference between...
Hey guys, I've been looking around banks career sites and getting confused as they seem to use the following terms interchangably. What's the difference between fund management, asset management, wealth management and investment management?
Thanks.
Wealth Management- Normally for an individual, So here you would have individual clients, this could be your average joe with a net worth of 500k to invest, or JPM's private bank, where the minimum to invest is in the millions.
Investment Management- Normally instituions such as pension funds who give money to the bank (large sums) and the bank has different funds they manage to make themselves and the investor (institution) money.
Asset Management- Used as an umbrella term for private wealth management and Investment Management
I believe fund management is the same thing as Asset Management, but probably is on the institution scale rather than the individual investor.
Wealth Management- Normally for an individual, So here you would have individual clients, this could be your average joe with a net worth of 500k to invest, or JPM's private bank, where the minimum to invest is in the millions.
Investment Management- Normally instituions such as pension funds who give money to the bank (large sums) and the bank has different funds they manage to make themselves and the investor (institution) money.
Asset Management- Used as an umbrella term for private wealth management and Investment Management
I believe fund management is the same thing as Asset Management, but probably is on the institution scale rather than the individual investor.
Sometimes Asset Management and investment management are interchanged.
For example with GS, the business is called the Investment Management Division, then segmented off into Wealth Management and Asset Management. For MS, their institutional business is called Investment Management instead.
Ea sit qui nemo hic sunt. Quod exercitationem enim fuga cum similique quo. Temporibus non numquam aspernatur voluptas. Molestias quis enim et sunt. Reiciendis dolorem vel saepe sit possimus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...