Click Here to Download: https://ouo.io/MWdoE7n The Origins of Asset Management from 1700 to 1960 Towering Investors By: Nigel Edward Morecroft Publisher: Palgrave Macmillan Print ISBN: 9783319518497, 3319518496 eText ISBN: 9783319518503, 331951850X Copyright year: 2017 Format: PDF Available from $ 49.99 USD SKU 9783319518503 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.
