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what is going on people welcome back to the channel yes its tuesdays tuesday tuesday however you want to say it and that can only mean one thing two minute tuesday asset management refers to the management of investments or money or capital on behalf of others what this means is an asset management firm will take money from its clients and investor into the different parts of the financial markets according to the risk appetite and the investment goals of the client clients of asset management firms include governments local authorities pension funds insurance companies and sovereign wealth funds so big corporations if youre managing money for wealthy individuals or family offices that is private banking or private wealth management and thats a video for next time there are two main types of asset management firm youve got the pure play asset managers so blackrock pimco fidelity vanguard these are asset management firms and only asset management firms the second type of asset mana