Asset Management Recruitment
Asset Management
The Very Important Personnel Agency is one of the leading asset management recruitment companies in Russia. Our clients include private banks, investment funds, management companies and family offices.
The easiest way to achieve freedom while earning passive income is to trust a professional to invest your money. However, even the most reputable asset managers can lose your money.
The asset manager is a person who professionally invests your money taking a small percentage of the profits received.
The reputation of the organisation managing your assets should not be overlooked.
A bank by definition is a large, regulated, cross-supervised organisation with a large amount of equity capital and a large amount of funds raised from other clients. Almost any private bank is ready to offer a client two options for organising the process: the funds are managed either by the bank itself, or by an external asset manager. In both instances, money and financial instruments can remain in the client’s accounts with the bank or be transferred to the accounts of the financial manager (financial company).However one needs to note that the bank accepts amounts from several million dollars for the management.
Management companies which have a more acceptable entry fee provide private clients with the following services: mutual funds (MF), individual investment accounts (IIA) and personal trust management services.
Mutual Fund (MIF)
This is a type of collective investment. Mutual Fund property (which pools client funds) can be invested in stocks, indices, precious metals, bonds, real estate and other assets. The fund is managed by a company and shareholders, can in turn receive income from these investments.
The income received from the increase in the value of a share is distributed among investors in proportion to the number of shares they own. By purchasing a share in a mutual fund, an investor has the opportunity to invest his funds in a variety of assets.
Individual Investment account (IIA)
An investor can open an individual investment trust account and receive investment tax deductions from the state. The management company will manage the funds in the IIA within the framework of the chosen strategy and an investor can regularly monitor the investment results.
Wealth Management Company
Wealth management services, as a rule, are provided to a client upon personal request and are specifically tailored to his needs. The entry threshold is higher than for those of mutual investment funds: usually at the start one needs to invest millions of dollars as this allows managers to invest in a wider list of assets.
A client can choose the investment period, the maximum risk he is willing to accept as well as the type of instruments which he wants to invest in. A professional from the management company will help a client to make the decision. The company in turn receives a reward.
By choosing individual wealth management, a client can also invest in instruments that are available to the management company as a qualified investor on the stock market: the profitability of such instruments is often much higher, but there are greater risks.
Management companies usually offer several wealth management strategies. Depending on financial goals, profitability and risk criteria, volume and duration of investments and the current market situation, clients can choose conservative or highly profitable investment options.
Asset management is a broad field that involves a variety of roles and responsibilities. The Very Important Personnel Agency provides customized staffing solutions to help companies find qualified individuals for key wealth management positions.
