We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Asset Management: Wealth - Essay Example

Comments (0) Cite this document
Wealth Wealth is something that has been a huge part of our lives not because of our love for money instead because of what money could buy us. However, Stuart Lucas in his book “Wealth” discusses a lot of other sides and faces of wealth which a lot of us do not realize, thus, causing us to not make wise investments, mismanage our finances, lose it in just a snap of a finger, or perhaps not find any fulfillment in it at all…
Download full paper
Asset Management: Wealth
Read TextPreview

Extract of sample
Asset Management: Wealth

Download file to see previous pages... The first one is to “align family and business interests around wealth-building goals and strategies”. To define what Stuart wanted to reflect here, being able to manage your assets in any kind of business could never start paving the right road without building strong goals as foundation and identifying the interests of those involved. This is because of the fact that there are a lot of asset management techniques that different companies now take on depending on the direction they want their company to go, of course, with consideration to the interests of the different stakeholders involved in the business. Thus, one would need to consolidate all the interests of parties involved and make sure every decision would seek to cater to each goal and at the same time, if possible, prove to be cost effective. Another of the eight principles that takes the lead in managing assets well would be to “create a culture of accountability”. ...
Thus, the clear lines of responsibility should be laid down not only towards major concerns but at the same time minor business decisions as well because it affects the whole welfare of a business. You may not see it now but eventually it will have a way of coming back at you. Chapter 3 probably is one that exposes the secret to a lasting business success. It discusses about the importance of having a business that is centered or rooted in values. We surely have heard of the term, “business is business”. Well, it really is because it is an activity that is all about giving something good to your customers and earning in return, but not necessarily disregarding the first clause which a lot of businessmen forget. One great point Stuart made in this chapter was that when businessmen are faced with situations where they would have to balance value from meeting their business objectives, it is indeed of no question that values should come first because they are what gives your wealth meaning. Once you lose understanding that you are in the business because you want to provide something of good value to your customers while earning from it is subliminal, businessmen would get blinded and eventually lose connection with their customers that is a cause of a business to die. Another point made by Stuart is that building your business foundation with the right values instead of just the financial aspect of it is essential. We all know it would be hard especially when every industry is responsible for people’s financial security, that is of your numerous stakeholders. However, the best motivation for this is the fact that in the long run corporate social responsibility and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Asset Management: Wealth Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/business/1444285-asset-management
(Asset Management: Wealth Essay Example | Topics and Well Written Essays - 1000 Words)
“Asset Management: Wealth Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1444285-asset-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Personl Wealth
In cases where a person owns a company, the assets that appear on the firm’s financial statements should not be mistaken as assets of the individual, but must instead be considered as under the ownership of the company.
11 Pages(2750 words)Essay
The bank provides asset management, wealth management and investment banking services for institutional, corporate as well as private clients across various global destinations. Previously UBS was known as Union bank of Switzerland. With the merger of Swiss Bank Corporation and Union Bank of Switzerland in the year 1998 this representative abbreviation was no more considered by the bank.
10 Pages(2500 words)Essay
Diversification of investment spreads the risk over many assets. The concept of simple portfolio diversification is that some securities may not perform as anticipated but other assets might exceed in performance making the actual return of the portfolio reasonably close to anticipated return.
12 Pages(3000 words)Essay
Report on the recent performance of Bank of New York Mellon
The Bank of New York Mellon Corporation serves as a multinational banking and financial services entity and is listed in the New York Stock Exchange and in Standard and Poor 500. The Bank of New York Mellon operates all across the globe and is the biggest asset servicer in the world with more than USD 26 trillion of assets value under its portfolio.
11 Pages(2750 words)Essay
Wealth management
Methods have been set down that, when followed, can guarantee success for the wealth management firm. With these methods set, and wealth management firms
8 Pages(2000 words)Essay
Asset Classes
This paper seeks to determine asset classes of Oxford Technology Venture Capital Trust PLC (OXT), a UK-based mutual fund. Additionally, the paper will compare OXT market
3 Pages(750 words)Essay
Not sure - suggest Wealth Management and Compliance in the UK
Notably, the increasing regulations and increased regulators’ intrusiveness will have serious impact on the client and the
3 Pages(750 words)Essay
Investment involves allocation of funds among investment projects in expectation of future cash inflows from the investment projects (PANDEY, 1979). Investment managers are therefore expected to make long term decisions and to make prudent
12 Pages(3000 words)Essay
Course work : Water supply network asset management in Sierra Leone
In Freetown, Sierra Leone’s capital city, often taps are dry. In the rural areas, the situation is worse. As a result, there are different bodies
9 Pages(2250 words)Essay
Wealth Management Seminar II
This is an important recommendation or advice, because on most occasions, dissatisfied family members normally contest the provisions of a will. I learnt that the will has a variety of
2 Pages(500 words)Essay
Let us find you another Essay on topic Asset Management: Wealth for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us