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MessagePosté le: Sam 8 Juil - 03:49 (2017)    Sujet du message: The Origins Of Asset Management From 1700 To 1960 Towerin Répondre en citant



This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers. Specifically, it identifies the main individuals and institutions after 1868 who established the profession. The book draws a distinction between banks (short-term deposit-taking) and asset management (an investment service with longer-term objectives). It explains why some banks fail but asset management businesses generally do not. It argues that asset management has been socially useful and has had a beneficial impact on the development of securities markets by offering choices to savers as an alternative to banks, improving the efficiency of capital allocation, re-cycling excess savings productively and enabling a range of investors - from institutions to individuals - to benefit from thoughtful, long-term investing.


Details:
rank:
price: $148.29
bound:
publisher: Palgrave Macmillan; 1st ed. 2017 edition (April 24, 2017)
lang: English
asin:
isbn: 3319518496, 978-3319518497,
weight: 1.2 pounds (
filesize:




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