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.
