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Asset management involves firms or investment management companies that assist clients in growing their money over time to achieve specific financial goals. Instead of placing money in a bank for minimal interest, individuals can invest by buying shares in companies, allowing them to participate in that company's growth. For example, someone who loves tech products might consider investing in the company that manufactures them. The video's tutorial aims to break down the basics of asset management and encourage thoughtful consideration of it as a career, addressing questions about making informed investment choices.