When companies decide to acquire and own assets, they need a plan regarding investment, operating, maintaining, and disposing of assets. They need this plan to make sure that the assets they acquire prove to be profitable for the company. To devise such a plan, they need help of asset management companies. Meaning of Asset Management Asset management is the formulation of a strategy for investing, operating, maintaining, upgrading and disposing of the asset. Asset management is important to make sure that the company doesn’t incur costs more than its revenue from the asset. Asset management is both for tangible and intangible assets and has become an important part of business strategy. Some of the industries that are employing asset management are oil and natural gas, finance, defense, aviation, manufacturing, IT, and service industry. Types of Asset Management 1. Financial Asset Management It means management of financial assets like shares, debentures, insurances, bank