Difference between...

orangejuice's picture
Rank: Monkey | banana points 31

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.

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Comments (4)

Mar 21, 2008

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.

    • 1
Mar 21, 2008

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.

Mar 23, 2008

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.

Mar 21, 2008