The Origins of Asset Management from 1700 to 1960 - Towering Investors (Paperback, 1st ed. 2017)

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.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	Palgrave Studies in the History of Finance
Release date:	August 2018
First published:	2017
Authors:	Nigel Edward Morecroft
Dimensions:	210 x 148mm (L x W)
Format:	Paperback
Pages:	343
Edition:	1st ed. 2017
ISBN-13:	978-3-319-84758-0
Categories:	Books > Business & Economics > Finance & accounting > Finance > Investment & securities > General Books > Money & Finance > Investment & securities > General
LSN:	3-319-84758-9
Barcode:	9783319847580

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