Trade guide
Asset manager
The business
What is an asset manager?
An asset manager is responsible for financial investments. Their role is to supervise the investment and optimisation of an individual’s or company’s financial resources. They may be self-employed, work for a financial institution or a company.
Its role
The role of a wealth manager is to plan, manage and protect the financial resources of an individual or group. They are responsible for organising and managing their clients’ financial investments. They also assist their clients in planning a financial strategy to maximise their profitability.
Its field of action
Asset managers may work for individuals or institutions. Private asset managers are responsible for creating and managing personal portfolios for clients. They are also responsible for advising their clients on investments and financial strategies .
Institutional asset managers are responsible for managing the investments of an organisation or company, such as a pension fund or an investment fund.
The functions
What do asset managers do?
Wealth managers are responsible for advising their clients on estate planningandwealth management. They are also responsible for creating and executing a coherent investment plan that meets the client’s financial objectives and targets.
The main tasks of asset managers are as follows:
Advise their clients on the valuation of their assets, their needs and their tax situation
Set up an investment plan tailored to the needs of each customer
Invest their customers’ funds with financial and insurance companies or in real estate assets
Manage customer accounts and monitor their assets
Repay debts and distribute income
Growing their customers’ capital
Preparing and anticipating an inheritance for tax purposes
Qualifications
The qualities and skills needed to be a good asset manager
The job of condominium accountant is one of the most difficult in the real estate industry. As a result, you need exceptional qualities and skills to excel in this profession.
Experience in finance
Professional experience required to practise.
Experience in wealth management
Solid experience required.
Investment skills
Essential skills for the job.
Good judgement
The quality needed to make informed decisions.
Serious
The quality you need to inspire confidence.
Sense of responsibility
Indispensable for managing customers’ assets.
Understanding customer needs
Necessary to adapt solutions.
Understanding and patience
Useful for answering customers’ questions or doubts.
Monitoring and explaining results
Ability to help customers understand management.
The benefits
What are the advantages of being an asset manager?
Asset managers have the advantage of working in several sectors. Their work is not limited to a single field. The companies that hire asset managers are :
- financial institutions.
- banks and financial companies ;
- insurance companies;
- investment funds ;
- asset management companies ;
- accounting firms ;
A manager’s work is also based on human relations. They have the chance to meet different people and build up a solid network that will serve them well in the future.
Remuneration
Wealth manager: salary and career development
The salary of an asset manager varies according to experience and the size of the company concerned. However, it can be estimated at between €40,000 for a junior and €80,000 a year for a senior manager. This figure may be higher if the manager has special qualifications in finance, insurance or the stock market. There is often a variable element.
As far as career development is concerned, asset managers depend above all on the satisfaction of their clients and their reputation. If they work in a liberal profession, they may set up their own company. If they work for a company, they may be promoted to CFO, for example.
Up to
80 000€
Salary per year
Training courses
How can I become an asset manager?
Our training courses
To become a wealth manager, you need a university degree in financial management or business administration. You can also opt for a Master’s degree in finance, insurance or wealth management.
Alternation
To gain the experience you need for the job more quickly, INSEEC gives you the opportunity to follow a sandwich course.
Discover
Other jobs that may interest you
INSEEC offers a wide range of programmes to help you train for your dream job.
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