Over the years, asset management has become a huge sector in the United States. According to PWC, globally, asset managers managed $110 trillion worth of assets in 2020. This is a substantial 40 percent increase compared to what was applied in 2015. Asset managers are primarily saddled with making investment decisions, managing risks, and creating wealth. Asset managers often manage corporations, governments, the wealthy, and corporate investors. While some asset managers might work individually, some are employed by asset-management companies, banks, and other financial institutions. Asset management can be broadly divided into infrastructure management, enterprise asset management, financial asset management, and public asset management. Financial assets are one of the most managed assets. Financial asset management involves the management of client investment accounts and investment funds. Mutual funds, bonds, and cash are examples of financial investment. In managing financial assets, the asset manager gets the client acquainted with the risk involved with owning a particular financial asset. They assess the various financial assets the client must deposit while helping them chart a path to their financial goals. Similarly, asset managers also manage digital assets. Digital asset refers to materials or contents that can be stored digitally. Today, examples of digital assets have taken a broader form. Photos, documents, videos, and blog posts are considered digital assets.