Cryptocurrency Q&A
What is the legal definition of assets under management?
What is the legal definition of assets under management?
PhoenixRising
Mon Oct 28 2024
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6
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I am trying to understand the legal definition of assets under management. I want to know how it is defined in legal terms and what it typically includes.
6 answers
Chiara
Wed Oct 30 2024
Assets Under Management, or AUM, represents the total value of assets that an investment firm oversees on behalf of its clients.
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Lorenzo
Wed Oct 30 2024
This includes both discretionary portfolio management, where the investment firm makes decisions on the client's behalf, and nondiscretionary arrangements.
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benjamin_brown_entrepreneur
Wed Oct 30 2024
Nondiscretionary arrangements constitute ongoing investment advice provided to clients, without the firm having the authority to make trading decisions.
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Daniela
Tue Oct 29 2024
AUM is a key metric used to gauge the size and success of an investment firm, as it reflects the amount of assets the firm is entrusted to manage.
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JamesBrown
Tue Oct 29 2024
Investment firms with larger AUM often have more resources and expertise to provide high-quality investment services to their clients.
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