Asset Management involves managing investments on behalf of a client to reach specific financial objectives. Typically such a firm will manage a portfolio of securities including stocks, bonds, and other assets with the aim of increasing their value whilst mitigating risk based on the client’s risk appetite.
What do asset management companies do?
The primary goal of an asset management firm is to grow and preserve the wealth of their clients by making informed investment decisions and achieving their long-term financial objective.
- Wealth Preservation: Through tailored investment decisions aligned with the client’s goals. Craft customised financial plans encompassing retirement, tax efficiency, and estate planning for long-term financial security.
- Portfolio Diversification: Manage portfolios with various asset classes included stocks, bonds, real estate, and alternative investments.
- Expertise and Research: Offer valuable insights and identifying investment opportunities based on market trends.
- Access to Markets: Access to a wide array of investment opportunities globally typically inaccessible to individual investors.
- Risk Management: Offer advanced risk management services to safeguard clients' assets from market volatility and unforeseen events.
What Services Does an Asset Management Company Offer?
Asset Management companies offer a wide variety of services for in a number of broad applications, namely:
- Financial planning
- Retirement planning
- Estate planning
- Tax optimisation
Administrative Staff in Asset Management Firms:
Have you seen our blog What is a Family Office, where we have outlined what a typical administrative role can look like? Asset management firms fall into a similar category of prestige as family offices within the finance arena so there are not many differences in what your role and responsibilities could entail. They could seek an Executive Assistant with a few years’ experience to assist the Managing Partners as well as the CEO and the Board.
Asset Management Admin Staff Responsibilities
When it comes to Asset Management firms, the general roles and responsibilities of admin staff include, but aren't necessarily limited to, the following:
- Calendar management
- Travel arrangements
- Communication handling
- Meeting support
- Client relationship management
- Expense management
- Office operations oversight
- Project coordination
- Compliance support
- Event planning
- General administrative support
How to Get a Job at an Asset Management Company
Getting a job in an asset management company involves several steps:
- Education: Obtain a degree in finance, economics, business, or related fields. Consider advanced degrees like an MSc in Finance or professional certifications such as CFA.
- Experience: Gain experience in financial services, investment banking, or related fields. Internships and entry-level positions can provide valuable insights and skills.
- Skills: Develop key skills such as financial analysis, portfolio management, and understanding of financial markets. Proficiency in software like Excel and financial modelling tools is crucial.
- Networking: Build a professional network through industry events, LinkedIn, and finance-related groups. Connections can provide job leads and valuable advice. Check out our Links network's upcoming events here to find your kindred spirits.
- Applications: Tailor your CV and cover letter to highlight relevant experience and skills. Apply to asset management firms, both large and boutique, through their websites and job boards, or through recruitment agencies like us. Find out how to make your CV stand out from the crowd here.
- Interviews: Prepare for interviews by understanding the firm's investment strategies and demonstrating your analytical and problem-solving abilities. Check out some of our top interview advice here.
- Continuous Learning: Stay updated with industry trends, financial news, and ongoing education to maintain competitiveness.
We are here to assist you during every step of your career. Keep an eye on our job board and or LinkedIn Page for the latest Asset Management roles. Alternatively, you can contact us and find out more: info@bainandgray.com
