![The Origins of Asset Management from 1700 to 1960: Towering Investors (Palgrave Studies in the History of Finance) [Repost]](https://pixhost.icu/avaxhome/47/cf/005ccf47_medium.jpg)
The Origins of Asset Management from 1700 to 1960: Towering Investors (Palgrave Studies in the History of Finance) [Repost]
![The Origins of Asset Management from 1700 to 1960: Towering Investors (Palgrave Studies in the History of Finance) [Repost]](https://pixhost.icu/avaxhome/47/cf/005ccf47.jpg)
The Origins of Asset Management from 1700 to 1960: Towering Investors (Palgrave Studies in the History of Finance) by Nigel Edward Morecroft
English | 11 May 2017 | ISBN: 3319518496 | 360 Pages | PDF | 15.05 MB
English | 11 May 2017 | ISBN: 3319518496 | 360 Pages | PDF | 15.05 MB
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.