Asset management is the practice of increasing total wealth over time by acquiring, maintaining, and trading investments that have the potential to grow in value.
Asset management professionals perform this service for others. They may also be called portfolio managers or financial advisors. Many work independently, while others work for an investment bank or financial institution.
Asset management has a double-barreled goal: increasing value while mitigating risk. The client’s tolerance for risk is the first question to be posed. A retiree living on the income from a portfolio, or a pension fund administrator overseeing retirement funds, is risk-averse. A young person might want to dabble in high-risk investments.
Digital transformation has led to a surge in digital and contactless payments and forced financial institutions to hasten the implementation of their digital transformation plans.
Digital onboarding enables wealth managers to engage new prospects and build valuable, trusted relationships, regardless of the client’s location. Asset managers can reduce integration headaches by streamlining multiple checks and identity verification processes in a personalized, high-converting onboarding experience.
In Nov 2022: Pakistan’s leading Islamic Focused Asset Management Company, “Pak Qatar Asset Management Company,” inked a contract with Compass DX. We implemented Digital Onboarding & Investor App to enable their investors to open investment accounts & manage their investment hassle free from anywhere in the world.