Asset Management.pdf

Asset Management
December 02, 2022
Achieving Successful Asset
Management Growth
Asset management growth is
indisputably one of the goals of any
business organization. This is tangible
evidence that the industry has
undertaken successful asset
management, and is already
experiencing general growth and
improvement. It also implies that the
enterprise has chosen the right asset

management system and module, one
that works compatibly with the already
existing systems within the company.
Asset management gathers even greater
importance during these
technologically advancing times. Gone
are the days of manual work; the
administration of assets today has
certainly evolved to include diverse and
complex database systems and reliance
on accurate and timely information.

What makes for effective asset
management?
Asset management should be on the
forefront of the strategies being
adopted by any industry. However, it
will be futile to speak of asset
management merely on the tangible
sense, since the generation of
businesses nowadays relies heavily on
technological systems and data
maintenance. Thus, in order to be
wholly effective, asset management
must allow for both the hardware and
software assets of the company.

Essentially, asset management must
make room for the effective
organization of production, facilities,
transportation, and even digital assets.
The budgeting, procurement,
maintenance, and depreciation
calculation of the fixed assets must be
undertaken with value maximization
and cost minimization in mind. Asset
management solutions being offered to
various industries nowadays have
organizational modules on managing
assets, human resources, materials, and
softwares.

Asset management systems must
provide tools for improvement on
assets return and cost-cutting of asset
ownership. These systems must also
assist in license compliance and
promote enhanced security. Especially
for businesses that span different
branches in different locations, a good
asset management solution must have
facility for assets tracking, whether
these assets are physical or intangible.
The growth goals of asset management

In order for asset management to be
successful, it must be able to achieve
several goals. First of all, it must assist
industry managers in making the best
use of its assets. It must be able to
pinpoint which assets need to be
worked on, and which of these are just
being idle. Simply put, asset
management is geared towards
bringing about greater value from the
assets of the company, and using them
to achieve more competitive
performance and productivity.

Asset management tools should also be
effective in the curtailment of asset
ownership and the calculation of
asset-related risks. It should also be
able to provide for accurate inventory
control and data storage. Most of all, it
must engender wiser decision making
where assets management is
concerned, in the face of consistently
shifting technology and cutthroat
competition.
Why asset management is essential for
organizational growth

Asset management encompasses not
merely the actual physical and
intangible assets of any organization,
but more importantly, the effective
utilization of each. This essentially
means that asset management caters to
various disciplines- from administration
to engineering, and from production to
information management.
With successful asset management,
growth is imminent. Labor and
production becomes efficient,

downtimes on equipment and facilities
are minimized, and the total cost of
fixed asset ownership is significantly
reduced. Solutions for better asset
management are available from
providers, all offering different
solutions to the more specific
asset-related concerns. Organizations
must be able to pinpoint the areas that
need to be enhanced, seek the
assistance from management solution
providers, and to work alongside these
management tools.

Asset management growth is not a
one-way street, nor is it expected to
happen in a momentary tick. Asset
management will continue to shift and
evolve, and industry managers must be
able to understand this from the
beginning, to achieve the most
favorable results for the entire
organization.
Asset Management and Human
Resource Management

What is asset management? It is a
business process and a decision making
structure that covers various things in
order to come up with cost effective
investment decisions. For this to work,
you need to have practice good human
resource management by hiring the
right people with the right
qualifications to get the job done.
This job falls to the human resources
department as they are after all the
ones in charge of hiring. In the past, the
people who worked here simply gave
the employees their paychecks. But that

is not the only thing they do. They are
supposed to train and develop the
employees so they feel that they are
part of something bigger.
The professionals who are supposed to
do this should see themselves as two
things. First as a strategic partner and
second, a changing agent. Strategic
partner because without them, a
company will not prosper. A changing
agent because it is through them that
the employees can become better
individuals.

With that, you can say that human
resource management is the bridge
between the administration and the
employee. For a company to practice
true human asset management, their
human resource department has to do
the following.
First, they must have an active role in
organizational planning. To make this
happen, they must be given the power
to dictate what is needed in the

planning phase including the necessary
resources.
The human resource department
should be able to recruit employees
that are best suited for the organization
by being given a free hand as to how
this will be achieved. This includes the
selection process which involves the
testing and the administering
component.

Human asset management can only
happen if the human resource
department is able to produce change.
This is done by seeing what needs to be
improved on in an employee and then
coming up with programs that will
enhance it. This includes of course
facilitating and overseeing the training.
If this was never done before, it should
be evaluated to see if there are any
flaws so this can be avoided in the
future.
Let’s not forget the basics such as
traditional personnel administration

such as administering wages and
benefits, time management, employee
cost management as well as employee
performance review and appraisals.
Human asset management is serious
business because how well the
company does depends on the people
they hire to fill up the various positions.
If they hire someone and he or she is
not qualified, problems will occur. If the
company has a high turnover, money is
also wasted because of the time,
training and money that were invested
in that person.

To keep employees happy or motivated,
they also have to come up with
programs that will enhance their skills
even if they should be tempted by
offers from competitors.
Asset management is a combination of
different things. These include cash,
bonds, stocks, property and people. If
you want your business to prosper, you
must have an effective human resource
management team in place that will
take care of it. Otherwise, there will be

problems within the organization.
People will quit and when your
competitors see that, this can be used
to their advantage to the point that they
may even take over your business.
Asset Management for Business in the
Digital World
The traditional definition of asset
management is that it is a
well-organized process of maximizing
the utility of assets for a long period of

time with the objective of providing
benefits to the community. It involves
engineering and business concepts in
that it maintains the quality and
usability of assets through an
engineered framework. Today, it has
greatly progressed in the way it gets the
job done. In this article, you'll find an
overview of the process of managing
assets and how it has evolved to meet
the public's needs in the 21st century --
a digital age.
Functions of Basic Management of
Assets

If you work in the field of managing
assets, you'll be expected to work on an
asset from full to zero potential. This
means that you are responsible for
seeking out the necessity for such an
asset based on public demand, initiating
and maintaining the operation of the
asset throughout the time of its
usability, as well as the termination of
the asset when it has no more use for
any benefits to the community or to the
company.

Digital Management of Assets in a
Business
Manual management of assets may
sound like such a tedious job
considering that it must be looked after
from beginning to end. With that in
mind, one of the many brainchilds of
the digital age is digital asset
management. It has become a useful
tool especially for big and branched out
organizations that have resorted to
electronic management of data and files
for a more efficient time schedule in
the workspace.

This doesn't mean that only
multi-national corporations and
worldwide franchises can use the
digital process. Even small businesses
can utilize this kind of software to cut
on labor costs and other expenses that
are unnecessary and take up a lot of
time. After all, what's a digital age
without adhering to the times?
In the context of a business, for
example, DAM or digital asset
management essentially includes

uploading and storage of files, backing
up files for safety, and renaming and
organizing files in folders for easy
retrieval. They're easy for computers
but tedious and somewhat boring for
people to do all day.
There are different kinds of software
that businesses and organizations
employ for DAM, but are too
complicated to explain here without
needing computer software jargon. The
most important thing to know is that
DAM is one of the necessary business
strategies to utilize considering the

increasing demands of consumers
today.
DAM helps a company run more
smoothly with automated protocols and
quicker responses. They are able to
incur, maintain and dispose of assets at
a faster and more efficient pace. Press
kits, sales kits, marketing and
advertising data, presentations and
videos are easier to get by with DAM
because of its archiving features and
multimedia libraries.

Having DAM to sort out all the data files
mentioned previously can cut off a big
chunk off the company's time. Now
there is more time for businesses to
focus on brainstorming for marketing
and advertising, optimizing profits and
community benefits, among others.
Essentially, DAM helps not only to set
the wheels in motion but also to set the
pace at full speed, thanks to the
continually developing software in
cyberspace. More and more businesses,
regardless of size or sector, are
beginning to see the advantages of

investing in digital asset management
software for a better and more efficient
approach to data management.
Asset Management in a Volatile
Economy
Volatile as the economy may be, asset
management may still stand and survive
to keep your company in top shape.
Organizations and companies with
proper asset management tend to go
farther in terms of productivity and

results. The good thing is that asset
management is a holistic effort of the
components, and is something that is
really meant to be shared within the
bound of the company. You don’t need
to outsource asset managers to do it for
you if you know how to go about it.
Here are some strategies that will
ensure that your asset management will
withstand any economic storms.
Asset Management Strategy 1: Go for
the solid assets

By solid assets, we mean assets that are
not easily threatened by changes. If you
have some stocks, which are highly
volatile in nature, have some
investments on established entities as
well. This may oppose the “Nothing
venture, nothing gained” adage but a
certain measure of security is still vital
for success.
Asset Management Strategy 2: Ensure
support from the higher ups

The higher officers of your company
must support your endeavor to
managing assets of the company if it
were to materialize fully. The support
will also prompt other members in the
company to be mindful of the
undertaking.
Asset Management Strategy 3: Set your
priorities
You must always have an outline. What
are your priorities? If your priorities are

to establish one’s security, you might
have to be more rigid with your asset
management tactics. On the other
hand, if you are planning to venture out
and expand your company, you may
have to manage your assets in a way
that it is more open for change and risk.
However, you must make risks that are
calculated and make sure that you can
bounce back should things go badly.
Asset Management Strategy 4: Easy
does it

Make changes gradual, if you are to
introduce them. Don’t shock the system
with revolutionary changes. In order for
it to last longer, there needs to be at
least a period of transition for any
undertaking. The same thing goes with
asset management.
Asset Management Strategy 5:
Determine patterns and learn from
them

If there have been instances that occur
again, make sure that the current
system is able to learn from its past
mistakes. This self-learning quality is
one of the ways in which you can
ensure that the asset management
system will be able to endure even the
toughest economic shakings. It would
be completely useless
Asset Management Strategy 6: Get the
best tools available to you

If you are talented in managing assets
but undermanned when it comes to
resources, you may be in for a losing
trend. The technology today enables
you to manage everything from the
desk and without much hassle. So make
the best use of the technology while it
is made available for you.
Asset Management Strategy 7: Review
the facts regularly

Regular review is the lifeline of asset
management. If your last inventory was
a decade ago, then your assessment
may not be at par with the demands in
a company over time. Update the
inventories, keep stock and review the
statistics regularly. In that way, should
hard times come, you will find that you
have a ready answer because you know
yourself fully well.
Asset Management in the 21st Century

These days, asset management has
taken a turn for the better. And this is
to the advantage of most people who
are involved in asset management.
There are many advantages to asset
management, and they continue to
multiply in the 21st century. In fact,
they are even taking a turn for growing
exponentially. Here are some of the
advantages that are uniquely available
to asset managers in the 21st century.
More upgraded techniques of managing

Managing is made easier now, when
you come to evaluate the available
technology. But the complexities of
operations and output demands have
become just as complex, so the changes
are hardly felt. The upgraded
techniques are still advantage in the
sense that it is able to keep up with the
demands that are imposed at this very
age.
It takes a team, not an individual

Since the demands are much higher for
asset management these days, it takes a
team to be able to build it up. So, having
an individual do the asset management
may not be exactly the best option. A
person will still need assistants
especially if it is a big company. Now
the good thing about having a team
work with the management of assets is
that there can be constant monitoring
and less excuse for lapses in the
updates or inventories. If properly
synergized, the different assets of the
team members can all work together
for the good of asset management.

Technology tools
Tools of technology make the work
much faster and convenient. What one
could have done in the past by
physically transporting one's self from
one department to another may be
done by group messages and computer
networks. Plus, monitoring is also much
more at lower increments and friendly
to the different people tasked to
manage the assets of the organization.

Evaluation at smaller increments
The evaluation at smaller increments
helps detect subtle changes in the
liquidation of different company assets.
The more frequent the monitoring, the
better the quality of outputs. The good
thing is that smaller increments can
always be adjusted if in case there are
other things needed for
accomplishment within the company.
Also, smaller increments ensure that
problems that arise will be instantly
managed.

Accuracy is enhanced
Given the metrics from the asset
management tools, the accuracy is
enhanced and it gives more room for
other tasks. Better accuracy is now
within reach since it is measured by
high technology gadgets. There will be
less room for estimations and other
inaccurate means of obtaining actual
statistics. This will render more
integrity to the asset management plan.

Sometimes pen and paperless
As the case is currently operating in
different countries, the environment
are already pen and paperless in
general. There are more people who
find the convenience of storing data in
less bulky packages, There will also be
no need for hassles in the form of
archived documents which are hard to
classify.

Asset management is definitely better
these days than in the past. While other
people may have to adjust with the
given technology, it is still the better
option when it comes to effectively
managing assets. Old techniques may
still work, but when there is a better
option presented for the new users of
asset management, why not take the
chance?
Do You Need Asset Management

Do you need asset management? If you
have a lot of businesses and can’t keep
track at one instance, then the answer
is yes. For such a task, you don’t hire
someone inside the company but an
outsider who has the expertise to
watch over your financial investments.
Professionals who do this kind of work
are employed by mutual fund
companies. Unlike banks that just keep
your money where it earns interest,
these companies pool the resources of
several investors and place them in

different types of instruments. The
most popular ones are listed below.
First is called fixed income. By
definition, these are investments that
will generate a regular flow of income
for the investor. Clients that want to
invest here are usually issued
government bonds.
Next is equity. Unlike fixed income,
there is a bit of risk involved here
because you are investing in the stock

market. To prevent losses, experts have
to study the market, assess the ricks
and volatility in order to get the best
possible returns. Equity schemes are
neither limited to a certain industry nor
country. This means that it is possible
to invest in the stock market in Europe
or the Asia Pacific region.
There is also balanced where the
mutual fund company will invest in a
mix of assets such as shares, bonds and
stocks. The risks are higher here but it
may soon pay off in time especially for

those who don’t mind waiting for a few
years to get their investment back.
The money market includes trading
treasury bills, commercial paper and
other liquid securities. You get a certain
amount each month because of
interest. It is safer than equity or
balanced but the downside is that the
rates are usually lower.
Some clients may choose to invest in
commodities. Examples of these

include gold and other precious metals
as well as the most talked about issue
right now, oil. The price of oil has gone
up by more than 50% this year and it is
hard to tell when it will go down. There
are various factors affecting this even if
Saudi Arabia has pledged to increase
production such as the heightened
tensions between the US and Iran.
If you want to increase your portfolio,
then perhaps you should hand get into
asset management. Don’t forget that
there are risks involved so there will be
times that you will make some and lose

some. By diversifying, some people have
been able to double their fortune. To
know which one is the best to get into,
talk with someone from one of these
firms to help you find the perfect
scheme.
What do mutual fund companies get for
making you money? A certain amount
which includes fees and expenses but
that depends on the arrangements
made with the mutual fund company.
Then there are also additional expenses
called brokerage commissions. This is
usually incorporated into the price of

the fund that is reported 3 months after
the fund’s annual report.
So do you need asset management? Yes
because despite the amount you pay, it
is a win-win situation when it comes to
asset management between the client
and the mutual fund company. For
those who are thinking of getting into
it, don’t even bother if you are not a
high roller.

Enjoy Professional Asset Management -
Invest In A Mutual Fund
Haven’t you become a member of the
large family of mutual fund investors
yet? If you keep waiting you may never
be able to feel the positive effects
mutual funds have on your account.
However, you are not the only one who
has not managed to overcome some of
the basic mental barriers that come in
your way toward mutual fund investing.

First of all you may think that you don’t
have enough money to invest in a
mutual fund. However, as little as $100
can get you started in your trip to a rich
mutual fund account, which will
provide you with financially secure
retirement. No trading costs exist when
you invest in the majority of mutual
funds, which allows you to invest small
amounts of money. As compared to
stock investing, the latter eats up a big
portion of your money in terms of
broker commissions and you end up
with less money for investing.

On the other hand, you may be
reluctant to invest in a mutual fund,
because you find it non-guaranteed or
non-insured. However, you should not
be worried about the security of a
mutual fund because it cannot go
bankrupt. A mutual fund usually holds
shares of a large number of companies
and in order to go bankrupt all of these
companies should altogether become
insolvent. On the other hand, the
insurance companies or bank accounts
that are generally viewed as safer can
easily go bankrupt and you will end up
losing your hard-earned money. What
is more, inflation tends to eat up the
money you accumulate in your savings

account, whereas your mutual fund
account enjoys compounding interest.
You may also prefer not to invest in a
mutual fund, because you believe you
are better at selecting individual stocks.
We don’t want to undervalue you stock
picking skills, but by purchasing shares
of a mutual fund, you immediately enjoy
the professional management of your
assets by experts that have been in this
field for many years. You may really
have success at times, but it is equal to
your chances of winning in the lottery.

Additionally, many investors make the
mistake to invest in the company they
work for. This is totally wrong tactic,
unless you include in your portfolio
other stocks to diversify it. Mutual
funds include stocks and bonds of many
different companies, which is extremely
beneficial in restful economic times.
Finally, most investors don’t want to
invest in a mutual fund, because they
are worried they don’t understand how
it functions. The first step is to browse

through our website and get all the
information you need to get you
started. We have made it easy to use
and full of different articles on the
subject so that we turn you into an
educated and successful mutual fund
investor.
How to do Asset Management Yourself

It’s not enough that you work every day.
If you want to become rich, you also
need to invest your money so that it will
earn for itself. This is the same concept
of putting your money in the bank but
the low interest rates that banks give is
not enough to combat the rising
inflation rates. In fact, if you really want
to double or triple your money, experts
suggest that you put up a business.
However, this is not an option for most
people, especially those that are afraid
of taking risks. That’s when asset
management comes in.

Asset management is the professional
management of your money and other
assets like stocks, bonds and even real
estate for better profit. This is often
done by financial advisors and portfolio
managers for a fee or most often a
percentage of the earnings in a period
of time. This fee is what makes most
people especially retirees shy away
from hiring asset management people.
If you know the economic environment
and understand investment terms, you
can actually take care of your own
assets. Here are some tips on how to

manage your money and properties
yourself.
1. Ask people
Do not be ashamed to ask people for
advice or recommendations. Start with
the people that you know. Ask friends
or colleagues. If you know people who
are good in business, approach them.
They will be wells of information. This is
because they are probably doing their
investing themselves and will know
business investments that are really

good. Plus, these people in the industry
are the first to know about stock news
and gossips so you will have first
knowledge of the goings on.
Ask them what’s the latest stock that
they bought or what investment
opportunities do they know that can
yield a lot of money. Even if they are not
doing asset management themselves,
they can probably mention a couple of
companies or investment funds that
their managers recommended. This
way, you are benefitting from asset
managers’ wisdom and expertise
without having to pay for the fee.

2. Do your research
One reason why a lot of people hire
mangers and not do the investing
themselves is the fact that the world is
filled with people who want to rob you
of your money. There are a lot of con
artists with schemes that seem picture
perfect at first glance. Earn money in 6
months with minimum investment,
everything will seem too good. One
advice, check it out. If something seems
to good to be true, it probably is.

Before you invest in something, make
sure that you have done some
background checks on the company
running it. Looking at their websites or
visiting their offices are not enough.
You need to look thoroughly at every
aspect of the company. Check the
transactions that it has made over the
years. The number of years that the
company has been operating is a pretty
good clue too. Stay away from new
companies as much as you can. They
may be operated by con artists.

3. Diversify
This is actually what most people in
asset management do. Do you know the
old saying "Don't put all your eggs in
one basket." Heed that. Put your money
in different business investments. That
way, when something happens with
one, you still have the other one.
How to find a good asset management
program

Setting out to find someone who can
help you invest your money can
oftentimes be nerve-wracking. After all,
this person will be handling your
finances and in a way will be holding
your life in his hands. This is especially
true with people who are about to
retire and have no other means of
income but the money that they have
saved over the years. But no matter
how frightening it can be, the fact is,
you need asset management in your life
if you want to remain problem-free for
your entire life.

You see, the money kept in the bank is
not enough to finance a comfortable
retirement. With such a measly interest,
all it can give you is small change that
can perhaps last you 3 months when
you don’t have other income. Inflation
rates and rising cost of living is enough
to knock down the value of your money
in the future.
But finding a good asset management
program and personnel is not always
the trial that people say it is. When
done right, you can actually get for
yourself a good deal with a trustworthy
manager that will help you triple or

quadruple your assets. Here are some
tips that can help you.
1. Shop for it
Do not just settle for the first one that
you saw. Look around and compare
notes. Get as many as you can and then
choose from the line up. That way, you
will not be pressured to take one
program or hire one person even if you
don’t really trust it or believe in it.

Looking for a good asset management
program is like shopping for a doctor
when you have a terminal illness. Think
that you are looking for someone who
can save your life. And when you come
and think about it, finding a good one is
actually kind of like saving one’s life.
After all, your entire future will depend
on the performance of this one person
and the effectiveness of the program.
2. Ask around

One way to find a good asset
management program is to ask people
about it. Believe it or not, it is that
simple. You see people who have also
gone through the same motions will
know where to look and will even have
tips on how to look.
You can also ask for recommendations.
Have them give you the number of the
asset management manager that they
hired. Start with your friends and
families. They will surely know people
who they can refer to you. If you know
successful people in business or those
whose financial portfolio you admire,

go right ahead and ask them for
referrals. Their asset manager should
be really good.
Once you get their contact numbers,
call them. Ask about the person’s
accomplishments and track record as
well as the number of years that he or
she is working for your acquaintance.
Set up and appointment and get to
know the guy (or gal) in person. That
way, you can see for yourself what his
personality and attitude is in business.
Do the same thing with other referrals
and then choose the best.

3. Never trust completely
Never put your trust in one person even
if he comes with great
recommendations. Even if you have
hired him or her already, still take an
active part in the management of your
assets. It is good that you also know
what is going on with your money.
How to look for the right asset
management people

You can work all you want but with the
high costs of living and the rising
prices, your savings will not be enough
to last you until your retirement. In
order to have a secure future, you need
to manage your money right and make
sure that the money will earn by itself.
Unfortunately, asset management is not
something that most people are
particularly strong in. In fact, people
nowadays are often in trouble because
of credit card debts. Only a few know
how to save their hard earned money
and but even they don’t know how to
make their money grow.

Asset management is something that is
often done by people who are already
experts in money trade. They are the
ones who know when to invest and
where to invest so that your money will
last for a long time. There are
companies that specifically provide
these kinds of services to people
especially to large corporations who
seek to grow their money. Asset
management companies often deal with
individuals who have amassed a lot of
money but don’t know what to do with
it. For a professional fee or sometimes
for a percentage of commission, they

will invest your money in real estate, in
stocks and in bonds.
Most people, however, are not
comfortable with the idea of other
people handling their finances. In fact,
some will not even let others know that
they have amassed such a fortune. But
keeping the money in banks will not
make it grow. It will only stay stagnant
and rendered valueless in time because
of rising inflation rates. When you really
concentrate on the task, you can find
someone who can manage your assets
honestly. Here are some tips on how to
find that person.

Ask for referrals.
The best way to look for people who
you can trust is to ask people you trust
to refer people whom they trust. That
way, you can be sure that who you are
hiring has already been in a way tried
and tested by people whose judgment
you respect.
A good person to talk to for this is
perhaps your parents or in laws who
have probably hired people years ago to

manage their retirement funds. You can
also ask people whose portfolio you
admire. Even your boss in the office can
be a good source of information.
Diversify
Another way to make sure that your
money is well-taken cared of is to
spread the money to a couple of asset
management people. Do not put all
your financial eggs in one basket. This
way, you can be sure that if one will

have a problem, the other will still be
there as an insurance.
Research
But don’t rely on referrals and opinions
of people. Even the best judge of
characters will also make mistakes.
Before hiring the person, look him over
and do some background check on him.
Research on his employment history
and if possible talk to his previous
employers and also present ones. Invite
him for dinner or set up a meeting with

him. That way, you can talk to him or
her. Here you will be able to see if you
instinctively like the person. Sometimes
the gut feel is also important.
Lessons in Asset Management
Asset management is a concept that
people are oftentimes wary of. Although
they do want their hard earned money
to beget huge yields and interests,
people are not always comfortable with
the idea of other people managing their
money. Add to these doubts the

number of stories circulating of
investors losing their money because of
companies that have folded during the
dot.com boom.
But asset management need not be
something that you have to be afraid of.
In fact, it can be pretty rewarding
financially as you are able to spread
your money across different investment
products. This is better than putting
your money in banks where the yield is
not even enough to combat the
inflation rates of the currency and the
rising costs of living. When done the
right way, your money can serve you

until your retirement. The trick is to
find the right asset investment manager
and to get involved in the investing.
Below are some lessons on how to start
and survive asset management. Read on
before you get into the program.
1. Choose your manager wisely
When hiring an asset management
person make sure that you know him or
her. If you don’t know anybody who can

do it for you, ask for people to
recommend managers that are good.
Start asking your families and friends as
they will give you more personalized
choices. When asking for
recommendations and referrals, do a
little background check first. Ask how
many years the person is working for
the one who made the
recommendation. Ask for his
accomplishment and his track record
over the years. A good performance for
one person may not be good for
another.

Do not just be contented with one
referral. Get a lot and then compare
each one to the other. That way, you
can select the person that you feel is
the best among the best. When
evaluating their expertise, look both on
the paper and in person. Remember
that these people are very good with
charming their clients. So it’s good to
base your decisions also on something
that is really concrete.
2. Have a say

A common mistake of most people who
hire asset management people is once
they get someone, they wash their
hands off the entire thing. Don’t. Show
the guy or gal that you want to take an
active part in managing your assets.
This will prevent any hanky-panky
because they know that you are
monitoring your money.
Do not give the full control to the
manager when it comes to making
investment decisions. The final say
should always be yours. So before
investing in something, the person you
hire should first present you with the

background of the investment and if
possible show other possible
investments that are similar to it so that
you will have the chance to compare.
3. Learn the biz
It is not enough that you know what the
goings on of the asset management, you
also need to understand it. Some
people may not give full control to their
managers but will sign anything that
these managers give them without

really understanding what the papers
are saying.
Remember that although you have
worked with the same person for years
or a friend of yours know him
personally, he or she can still rob you of
your money. Asset management is a
risky and cruel business. Make sure that
you are prepared to stand guard over
your investments.
Most Common Problems with Asset
Management

Asset management is replete with
issues or problems that arise,
regardless of the generation under
which you are operating it. The good
thing is that many people have already
been open to sharing their experiences
on asset management, which saves
newbies to asset management time and
energy from learning things the hard
way. Here is a short list of the most
common problems pertaining to asset
management that every asset manager
must know of.

Lack of updates in the evaluation
When there is a bigger team asked to
deal with the asset management of the
company, sometimes the updates are
much more difficult to attribute to. This
is because, while there is rotation
among the member, some parts may
not be covered thoroughly. On the
other hand, if too many people are
assigning tasks to individuals without
the updates specifically communicated
among the different members, the
updates will be much more difficult to
establish.

Miscommunication among departments
This is the most common problem of
asset management that involves human
factors. The miscommunication can go
from as short as missing one decimal
place to having questionable
discrepancies on file. The
miscommunication is a great
disadvantage because it involves lack of
proper use for the different
instruments made available for asset
management.

Incompetence to Manage Assets
The technical competence to mange
assets is also equally important. If one
of the team members has not taken the
time to train for the use of the
equipment and the dynamics needed by
the job of managing assets, the
incompetence will results to disasters
in the managing of assets. Inventory
problems and management issues may
arise, and in essence, it is still better to
manage with few high quality people
than many below average ones.

Lack of Technology Demanded by the
Company
For example, you have all the
competent people you need. but you do
not have the technology that matches
their qualifications for doing to job, you
are still at a losing end. You may get an
above average performance, but it will
still be much much better if the
technology matches the good skills of
the asset management team.

Lack of support
When there is lack of support in any
given endeavor, it is bound to fail. The
same goes with asset management. The
lack of support among departments
may not be conducive for positive
change and objective or honest
inventory of assets. Where there are
ulterior motives being satisfied among
the ranks, the management of assets
may not be as pure or clean as one
would like. This lack of support may be
remedied by strengthening the ties of
the team members via enriching
activities.

No balance in asset elements
The balance is the key to perfect asset
management. A balance in the different
categories and the figures that
represent them in the charts are the
core outputs of a good management of
assets in an organization. A lack of
balance means that there are some
things that need to be modified, or that
some people are out of shape for this
activity.

Too little risks taken for growth
When one's asset is much managed,
there is also a tendency to eliminate all
risks, even when in fact these risks are
contributory to the company's growth
and yield good returns. Asset
management must also involve taking
calculated risks.
Research for Asset Management Do's
and Don'ts

When you are trying to manage other
people’s assets, there are things that
you must and mustn’t do. Asset
management is a very tricky job, since it
involves having to go through
sometimes private details of the
person’s life.
Asset management research doesn’t
have to be for other people. It is far
easier to do asset management
research for yourself. To begin with,
you will have no qualms whatsoever in
getting your own details together.

Asset Management Research Tip 1:
Understand the Scope
The very first challenge for a researcher
in asset management is to understand
not just your goals for conducting
research, but also the scope under
which you are allowed to operate. Avoid
taboos from the very beginning by
inquiring the degree of penetration that
you can have as far as the pertinent
information are concerned. This is very
crucial because it will dictate the depth
of your research. The purposes of the
research must also come to mind: is it
to confirm existing sets of research or

to start entirely from scratch? These
questions may seem minor but they are
important to having a productive set of
research.
Make an objective inventory and update
it
When you are trying to make an
inventory, make sure that it is updated.
The inventory will help you show what’s
there to begin with. Having an
inventory is a handy tool that will help

you address the issues that might come
up in an individual’s asset management
program. Remember that it is usually on
a case to case basis, and what might
work for one may not necessarily be as
effective for another. The objectivity in
inventory is also important for it will be
a good basis of facts only if it is not
selective in nature.
Asset Management Research Tip 3: Deal
only with the recent sources

The recent sources will tell you the
present state. This is the very first thing
that you have to inspect and
incorporate in your research. If you
have to backtrack more for establishing
credibility, read the next tip.
Observe past circumstances as well for
patterns
Patterns may only be found from past
recurring experiences. Now, if you are
after some intense research on asset

management, trailing the past will also
be as effective. Pair the findings of the
past with the present situation and
know its implications for your overall
efficiency as a researcher.
Have a working set of
recommendations
The purpose of research is not just
simply to report what’s out there. It will
also be helpful if there are solutions
offered in form of recommendations.

Researching for asset management is
not just about outlining a list of things
that are present in one’s asset bin. It
also involves giving the initial directions
under which effective asset
management may thrive.
Asset Management Research Tip 6: Be
flexible for changes that may happen
Research will not tell everything,
especially if it is just preliminary
research. Changes may still be
introduced. A new event may actually

challenge your assessments. While
there is a limit to editing research
works, you may have to design your
research in such a way that it will
accommodate changes as they come
along.
The Importance of Timely and Valuable
Asset Management Solutions
The need for effective and efficient
asset management has given way to a
range of asset management solutions.
The assets of a company all play

significant roles in the achievement of
corporate goals, and therefore must be
utilized and managed optimally. Asset
management in the modern age has
become all the more critical, seeing that
technological and information changes
have shifted the way industry managers
and company leaders make vital
decisions.
The core of industry asset management
Any organization or industry is held
together by assets, both tangible and

intangible. The assets of a business can
range from the simple, like a piece of
furniture, to the more complex and
expensive, as in a transport system. The
company personnel or human
resources can be counted as assets as
well.
Intangible assets can include copyrights
and patents, as well the digital systems
and information circulating within the
business and across units. In asset
management, the assets of an industry
must be made to function optimally and
to be maintained in such a manner that
decreases costs and maximizes value.

When assets become mismanaged, the
industry could suffer seriously. From
the equipment to the personnel, the
assets and resources of the business
must be optimized for better
productivity and value. In any
organization, knowing the depreciation
and the value of fixed assets is
important, just as understanding how
the work flow systems can be best
applied by the employees or the
organization personnel.

Simply put, assets should be viewed as
profit sources, and it is important for
any industry to be able to tap into the
money-making potentials of assets.
Managers should be able to identify
assets from liabilities so as to improve
on capital.
The central role of asset management
systems
These solutions, or otherwise termed as
asset management services, all serve to
assist organizations in identifying the

assets that they possess and effectively
calculate the value that they are able to
provide for the company. Presently,
these solutions are available in software
form, and are available from a host of
asset management services providers.
These services are geared towards the
effective organization of various asset
types, from production and facilities to
transportation and human resources.
Both the hardware and software
resources must be given due
importance, seeing that information
technology within the company also
needs due focus. These management

tools also aim to analyze the
depreciation trends of fixed assets so as
to help industry managers in valuable
decision making.
Physical assets need to be estimated
according to its depreciation value, and
to arrive at a conclusion whether to
reinstate or repair the physical asset,
whichever is more cost-effective.
What to look for in the best asset
management services

There are wide ranging asset
management systems offered by
vendors presently. It is important
therefore to find the one model
well-suited to the needs of your
company or organization. Asset
management can be narrowed down to
specific types like investment
management, IT asset management,
digital asset management, and fixed
assets management.
A good asset management system
should be able to enhance assets return
and minimize costs of operation and
maintenance, as well as calculate risk. It

should also promote labor efficiency
and increase output efficiency. It must
also provide information on how to
effectively track hardware and software
assets and to evaluate their functions
both in the short-term and long-term
sense.
The realm of business has become more
competitive than ever, and with this
knowledge, organizations need to keep
pace with global competition and shifts
in technology through timely and
valuable asset management solutions.

Things about Asset Management that
you need to know
Asset management seems like a fancy
term for people who are not much into
investing and into business but the
truth is, it is something that every
people need to survive the rising costs
of living and inflation rates.
The concept is actually similar in a way
to putting the money that you earn in
banks but the difference is, asset
management makes use of stocks,

mutual funds, properties and bonds to
further increase your wealth and assets.
You see putting your money in the bank
is not enough. You can only do this for
the money that you feel you will need
during emergencies. You can put it
there and let it earn a small interest,
after all you can easily withdraw It
when you need it.
However, for the extra money that you
have that you don’t really need, invest
them. Mutual funds, bonds and stocks
yield higher rewards than the measly
interests that banks’ provide. In just a
few years, you can earn half of what you

invested, something that you can’t do
with the bank.
But before you get into asset
management and hire yourself a
professional, read through the items
below to help orient yourself to the
field of investing.
1. There are a lot of scams and con
artists in the world

Money can make people do things that
they will not normally do. This is a fact
of life that you need to know before you
start hiring somebody to handle your
assets and properties. That way, you
will be more careful when looking for
asset managers.
When hiring somebody, make sure that
you have done some background check
first on the person. As much as you can,
hire only those that you know
personally. If you don’t know anyone
who can handle your finances, ask the
people that you know to recommend.
Start with your family and friends as

they will give you a good
recommendation.
But before you hire the guy, set up a
meeting first. Even if he or she is
recommended by your most trusted
friend, you cannot be too sure.
And after you have hired him or her,
still take an active part with the
investing of your money. Make sure that
you are informed about every
investment made. Do not give full
power to the asset manager to decide

on investing issues. Your approval must
always be asked before making an
investment.
2. Diversify
This is the golden rule that asset
managers go by. Diversification means
that you need to put investments in
more than one product and not in one
investment product. The yield can be
good but it isn’t worth it to risk your
entire savings in one go.

If your asset manager has not done this,
think twice before continuing the
service. The adage "Do not put all your
eggs in one basket" holds true for this
field. You see investments can also be
very risky. Even those that are
considered a surefire success can
suddenly fold, leaving you with big
losses.
That is why you need to make sure that
you have something to fall back on if
one investment falls through. If you
diversified your investments in asset
management, you can still count on

your other investments to prop you up
on your feet again.
Understanding Asset Management
Asset management is a form of
investment management. The term
asset management is sometimes used
to refer to the management of all
investments, including assets, or it may
be used to refer to assets that don't fall
under the more standard categories of
investment management, fund
management or portfolio management.

Asset management is one facet of the
vast global investment management
industry. Large financial institutions
manage billions of dollars in assets for
businesses and individuals all over the
world.
Many insiders feel that independent
firms are more successful and more
dynamic in investment management
than are large banks and insurance
companies.

Asset management helps to protect and
grow investments. The assets under
management may be a large company's
pension fund, or an individual's
retirement savings. Institutions that
manage assets have great weight in the
financial markets because of the
amount of funds under their control.
The decisions these companies make as
to how to invest and move around the
money they control can affect the
overall rise and fall of financial markets.
Pension funds accounted for more than
$15 trillion of funds that were under
asset management in 2004. In

comparison, more than $30 trillion of
private wealth was in investments in
2004, about one third of which was
being managed by investment
management firms. Asset managers in
the United States account for almost
half of all funds under management
globally.
Understanding asset management is a
complicated topic. If you have large
investments, you want to make sure
your assets are properly managed.
Various financial advisors can provide
information about the best fund
managers, the institutions with the best

track records, and in general the type of
management that may be right for you
or your business. Different types of
financial management are indicated,
depending upon the size of the
investment capital, the form of the
assets, and many other individual
factors.
What do Asset Management Companies
Do
What do asset management companies
do? These companies take care of the

investments of a client by investing in
various schemes.
There are a number of asset
management companies to choose from
given that they offer a wide range of
services. Some examples of these
include financial investments,
production machines, technology and
even office furniture and supplies.
When we talk of financial events, this
includes the tracking, recording,
properly accounting and investing of

certain assets so the client will be able
to make the most of what they
currently have. This is may at times be
risky for the client but there are ways to
avoid that. These schemes are namely
fixed income, equity, balanced, money
market and commodities. Let’s discuss
these for a moment.
Fixed income investments are those
that will generate a regular flow of
income for the investor. This is the
safest one around and this is usually in
the form of government bonds.

Equity has some risks involved because
no one has control of the stock market.
There are various factors that could
make it go up or down such as the
performance of the company and other
world events. To prevent losses, experts
have to study the market, assess the
ricks and volatility to pick which one
will get the best possible returns.
Equity schemes can be done regardless
of industry or country so don’t feel bad
if the US stock market is not doing too
well.
Then there is also balanced where the
mutual fund company will invest in

several assets such as shares, bonds and
stocks. The risks are higher here but it
may soon pay off in time especially for
those who decide to wait it out for a
few years.
The money market includes trading
treasury bills, commercial paper and
other liquid securities. You get a certain
amount each month because of
interest. Safer than equity or balanced
but the rate of return is much lower.

There are also commodities. Examples
of these include gold and other
precious metals as well as the most
talked about issue right now, oil.
Before any decision is made, it is the job
of the asset management company to
do some research and then pass this on
back to the client who will say yes or
no.
If new equipment is needed, the asset
management company will help the
client look around for the best possible

one around before buying it. This is
very useful when the machines are
either damaged or already outdated.
These services begin the moment they
are hired by the client so they will be
there from the planning stage all the
way until the deal has been completed.
Asset management companies have
been around for years and you just have
to find one that will be able to deliver
what you require of them. Before you
select one, do some research on your

own to see who are the clients and
what have they done in the past
because you surely don’t want to
entrust your assets just to anyone who
gives you a call.
So what do asset management
companies? They help you accumulate
wealth by using their expertise. Do you
need it? Yes because they are the only
ones who can do the job.
Why Enterprise Asset Management is
Vital for Any Company

In any business organization, enterprise
asset management is vital in achieving a
greater return on assets. This primarily
involves curbing operating costs,
maximizing results on periodic asset
maintenance, and effective
management of capital. In any industry,
the employees also need to recognize
the importance of asset management,
and have the knowledge on a variety of
asset maximizing responsibilities.
Asset Management Elucidated

Essentially, asset management in any
enterprise involves the effective
administration of its physical assets, for
the purpose of increasing profits and
minimizing downtime expenses. The
scope of this administrative function
includes activities such as construction
of facilities and fixtures, plant and
office building design and engineering,
production operations, and finally the
maintenance of equipments and the
replacement of the necessary parts.

As an example, physical assets would
encompass machines like computers
and printers as well as furniture like
desks, chairs, and filing cabinets.
Transport systems are also included, as
well as cable and plant machineries, in
the case of bigger industries. Of course
fixed assets would differ depending on
the type of industry the organization is
engaged in, such as food production,
textile, corporate services, or
healthcare.
Thus, from the procurement of supplies
and tools, operation of machines for
production, to the maintenance of

facilities, all these should be handled
with asset value maximization in mind.
The modern approach to asset
management by organizations and
entrepreneurs has shifted from the
traditional type, which had merely
involved short term planning. Today,
any organization is taking an active role
in ensuring that its asset expenditures
and utilities are geared towards
achieving longer-term returns.
Moreover, asset management is very
crucial for enterprises that maintain
units across various locations or those

that utilize fixed assets in different
departments within one unit.
Why this type of management is
essential
Effective asset management commands
importance in the same manner that
physical assets play very important
roles in the day-to-day operations of
any industry. The purchase and the
ownership of fixed assets, while very
important in any business, require
excellent management and

maintenance skills. Entrepreneurs for
instance, should have a system wherein
the cost of owning equipment or
expensive machinery is minimized at all
times. Poor performance, downtimes,
and repairs all add up to the cost of
these fixed assets over time.
Machine repairs and equipment
maintenance are indeed important for
any industry; however these should be
effectively carried out so as not to
hamper the daily operations of the
industry, such as the production
processes. Furthermore, whenever
equipment or system downtimes

happen, this subsequently affects the
expenses of the company. Planning and
management of assets, costs, and
maintenance should all be done to
increase the life cycle of the assets and
for the business to perform more
effectively even in the face of rigid
competition.
The Essential Tools in Assets
Management
These days, EAM tools are available for
complex organizations and industries.

These tools provide the best solutions
in work and asset management and
even asset information management.
These are all geared towards helping
businesses maintain their plants,
maximize equipment value, effectively
manage information for sales, and
coordinate with production and
maintenance personnel for improved
quality and competence.
Successful enterprise asset
management is certainly a requirement
for any industry, especially in today’s
rapidly globalizing and extremely
competitive business settings. Through

this, industry managers, business
owners, and company top-level
executives will be able to optimize and
organize the daily operations of the
business for effective performance and
profitability.
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