Asset management, or asset management, is a set of practices that involves acquiring, using and maintaining the assets of a company or individual in order to get the best out of it. The term can also refer specifically to a service offered by banks or other companies specialized in managing third-party financial resources.
What are assets?
Assets are assets or rights owned by a company or person. Examples are money itself, financial investments, real estate, equipment, stocks and shares, among others.
Potential values are also considered assets, those corresponding to a company’s credits, that is, the rights it has to receive. This group includes, for example, the amounts owed by customers, advances made to suppliers and the interest that the company will receive for offering a loan.
Depending on the type of asset being managed, the term asset management takes on different meanings. Two of its most important uses include engineering and the financial market.
One of the most common uses of the concept of asset management in Brazil refers to the service of managing funds and investment portfolios offered by banks or specialized companies, under the supervision of the Securities and Exchange Commission (CVM).
A client who hires an asset management service outsources the management of their investments to a specialist, whose role is to seek the highest possible return, with the lowest costs and also considering the risks of the applications .
When doing this management, the balance between these variables and the objectives and the customer profile, which may have greater or less risk aversion, is also considered.
Unlike a brokerage firm that, despite being able to provide advice, only executes orders from its clients, asset management decisions are made directly by the management team.
The remuneration for the service generally includes an administrative fee and a percentage of the returns obtained.
Industrial asset management
Industrial asset management is about optimizing maintenance, inventory usage, equipment life cycle, and a company’s investments in it.
Asset management in an industry studies, for example, the equipment to buy, the intervals for preventive maintenance and the ideal time for its replacement. Therefore, the management of industrial assets can be considered an evolution in the field of maintenance.
The purpose of this monitoring system is to find the balance between cost and risk , since the closure of an industrial plant due to equipment failure can have an economic impact on the company.