The term "asset management" refers to the practice of using a method or system to manage one's assets. Both tangible commodities (like a house, an apartment, or a car) and intangible ones (like copyrights, patents, cryptocurrencies, or other digital assets) may serve as representations of these assets. Asset management techniques can take many different shapes and apply to many different fields: Investment funds are managed through financial asset management; fixed assets are managed through enterprise asset management; public assets like parks and schools are managed through infrastructure asset management; and hardware and software are managed through IT asset management and digital asset management, respectively. Despite the fact that asset management takes many different forms, this article concentrates on financial asset management. An asset or investment manager is often in charge of the asset management process. Their objective is to guarantee that the assets are managed and disposed of in the most economically advantageous manner possible. A good asset manager will take care of the assets of other people in a way that makes money or, at the very least, lowers financial risk. In order to maximize the value of the assets, it is necessary to have a thorough understanding of the market. An asset manager may work alone or for a specialized business. Expert teams that work with a range of portfolios and customer profiles make up some risk management companies. The major goal is to offer benefits for long-term financial growth with less risk. Wealthy people, pension funds, businesses, and governmental organizations are frequently the clientele of asset management experts. For example, an asset manager would be tasked with conducting in-depth research and choosing the finest investment options for their clients. The portfolios could contain a range of financial assets, including equities, commodities, precious metals, mutual funds, real estate, mutual funds, bonds, equity, derivatives, and cryptocurrencies. Asset management tactics may be related to either active management or passive management, depending on the situation. The term "active management" describes fund managers or brokers who actively trade on the financial markets with the goal of making money in both bull and bear markets. A different type of investment technique, passive management, does not involve active exposure.