You might here Asset Management referred to under many different names such as:
- Fund Management
- Wealth Management
- Money Management
- Portfolio Management
- Asset Management
- Investment management and others.
One shortcut to understanding the activities of investment banking is to enrol on the City Professional Programme, where an experienced banking and finance professional will explain the activities in this sector how that relates to insurance, pensions and investment banks at an intensive full-day workshop.
Asset Management is the professional management of various securities (shares, bonds, etc.) and other assets (e.g. property), to meet specified investment goals for the benefit of the investors.
Investors may be institutions (insurance companies, pension funds, corporations etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes eg. mutual funds, OIECS).
The asset management division of an investment bank is generally divided into separate groups, often known as Private Wealth Management and Private Client Services. Asset Management deals with institutional investors, while Private Wealth Management manages the funds of high net-worth individuals.
Asset management refers to the “buy side” of an investment bank (pension funds, mutual funds, hedge funds, investment trusts and the investing public).
Fund managers, irrespective of how esoteric their strategies are, basically manage assets (any asset class).
They might track an index or create value through complex arbitrage strategies but their ultimate goal is to professionally run a portfolio.
How do I get a graduate scheme / internship / entry level job or career in Fund Management?
Obtaining a graduate scheme, internship or entry level role in asset management can be very challenging and competitive – though very achievable by getting your application, CV, interview and general approach right. You can guarantee that ninety percent of applicants for investment managementg roles will not know how to apply, so getting your application in the top ten percent makes things a lot more achievable.
Approaching the company in the right way will make all the difference. Combining the right approach with a strong interview (and in some cases assessment centre) writ a strong focused tailored CV will go a long way. Make sure you have gone through the free videos on this sight by entering your name and email address in the top right of this screen underneath the video. Once you have filled this in you will have instant access to everything you need to secure your career in portfolio management.
Roles in Asset Mangement:
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Pension/Insurance Fund Manager
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Hedge Fund Manager
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Prime Broker
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Wealth Managers
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Advisory Stockbroker
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Discretionary Stockbroker
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Financial Advisor
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Fund Investor Relations
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Fund Strategist
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Private Equity/Venture Capital
Top 10 Graduate Recruiters in Fund Management (In no order)
- Blackrock
- Schroders
- Barclays Wealth
- Aberdeen Asset Management
- F & C
- Fidelity
- Investec
- Invesco
- HSBC Global Asset Management
- Man Group
