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LSDefine

Simple English definitions for legal terms

asset under management

Read a random definition: Multilateral

A quick definition of asset under management:

Asset under management refers to a portfolio of investments that are managed by an investment advisor. An asset is something that has value, like money, property, or equipment. Assets can be owned by individuals, businesses, or organizations. There are different types of assets, such as current assets that can be easily converted to cash, and fixed assets that are used for long-term business operations. Some assets may be difficult to sell or have no value, like a debt that cannot be collected.

A more thorough explanation:

Definition: Asset under management refers to a securities portfolio that is managed by an investment adviser who provides ongoing supervision and management services.

Examples:

  • A mutual fund that is managed by an investment company.
  • A pension fund that is managed by a financial advisor.
  • A hedge fund that is managed by a portfolio manager.

These examples illustrate the definition of asset under management because they all involve a securities portfolio that is managed by an investment professional who provides ongoing supervision and management services. The investment professional is responsible for making investment decisions on behalf of the portfolio and ensuring that the portfolio is aligned with the investment objectives of the client.

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[] ararara
16:14
@syddak: don’t forget about Cornell actually better than the rest
16:16
@ararara: why is that?
[] ararara
16:17
WELL I just got back from a wedding in CA with a bunch of Ivy leaguers and Cornell was all the rage! There’s a big ol waterfall outside the law school!
holy gorgeous
MrThickRopes
16:18
I change my mind
16:18
I swam there as a child
16:18
was nice
MrThickRopes
16:18
Ion wanna be lawyer ennymore
[] ararara
16:18
Hahahah also saw Grand Budapest Hotel for the first time plus they let me in for free ☮️ ❤️
16:21
@ararara: was the wedding in SB by chance?
[] ararara
16:22
L to the A
16:22
ah
[] ararara
16:23
You’re still beautiful if that’s what this is about no worries peace ☮️ ❤️
[] ararara
16:23
🥳❤️
MrThickRopes
16:29
Penn state send me some email
MrThickRopes
16:29
Thank you for your application to Penn State Dickinson Law. We want to keep you informed throughout the application process and write with an update on the current admissions cycle. First, we want to thank you for your patience. We know that this is a stressful process for our applicants, and we want to make sure we keep the lines of communication open with you. Carefully reviewing applications takes time and each application is given due consideration. While we can't provide a specific timeline for decisions at this point, please know that your application is under consideration until you receive a final decision from us. If we're able to offer you admission, we will assign a deposit deadline that gives you time to consider your offer.
MrThickRopes
16:29
This ain’t tell me nothinnng
I GOT THAT TOO I WAS SO MAD
the title threw me off so badddddd
16:33
yikes how useless is that...
16:34
got waitlisted by rutgers and i think penn state too with that email :((((
i wouldn't take that email as a waitlist!!! i'd take it more as "we are gonna be slow"
i know someone who didn't get an acceptance notice until the fucking day before orientation like what
16:38
stay positive mr fingers!
mrphalanges
16:38
thank you!!
mrphalanges
16:38
hope that yall get into your schools!!
you too!!:)
oh to be the kid with a 3.9 and a 170+
DefinitelyRobbingBanks
16:41
Kinda wish I applied to Penn State.
MrThickRopes
16:41
Ima crash tf outtt
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