Asset management which also is called as investment management has many similarities to finance management but investment management is more specific and narrow area of finance. Investment management is a process of securities selection, trading ececution, market monitoring, securities valuation and decisions making trying to reach the best return on investment.
However, under the classical understanding of investment management investments in financial investment instruments is the main object. In some cases investment in real estate or other tangible investments may be included in the portfolio. But ussualy real estate management is separated from financial investment management, because it requires a different specificity although it has some characteristics in common.
As the investment management requires considerable financial and market knowledge, not every investor decides to manage their investments by themselves. Trusted investment adviser can help in such cases, but unfortunately, in practice independent consultants are quiet rear and expensive and it would be difficult to find the best one. The investment adviser (consultant) differs from investment manager as the first one only gives the advices for you and helps in the investing process while you are still responsible for the decision, the investment manager takes a full responsibility (only morally) and the investing process for himself and the owner of the investments may not even intervene in the investment process.
HOW TO MANAGE YOUR INVESTMENTS PROPERLY - learn about the main steps during investment management process from the beginning till the end.
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