Wealth Management / Asset Mgmt / Money Mgmt

Wealth Mgmt : Managing investments of high net-worth investors

Asset Mgmt : unit that acts like a hedge fund inside an Invest Bank

Money Mgmt : unit that combines Wealth mgmt & Asset Mgmt ??

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from http://www.nytimes.com/2008/08/19/business/19lehman.html?partner=rssyahoo&emc=rss

Asset management — the business of managing money for wealthy individuals and institutions and creating instruments for them to invest in, such as mutual funds and hedge funds — provides among the steadiest form of earnings for banks. Capital markets and investment banking businesses, on the other hand, have unpredictable profits in good markets and potentially deadly results in down markets.

Commissions from stock trading

Big brokerages, bleeding from losses in mortgages and other loans, are earning more in commissions from stock trading than they have in eight years — even while the Standard & Poor’s 500 Index shows a total return of 1.7 percent in the eight years ended July 31 2008…..

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=LEH%3AUS&sid=a8c_tM508Ay8#