The term “investment management” refers to the handling of financial assets and other investments in general, not just the process of purchasing and selling investments. Managing a portfolio is coming up with a plan, either short- or long-term, for purchasing new holdings and selling off existing ones. It is possible for this to include duties and services related to banking, budgeting, and taxation. The majority of the time, this relates to the process of managing the holdings that are contained inside an investment portfolio as well as the trading of those holdings in order to accomplish a certain financial goal. Management of investments is also known as money management, portfolio management, and wealth management. Related terms are wealth management and money management. The objective of professional investment management is to achieve specific investment objectives for the benefit of clients whose funds are managed by the professional on the client’s behalf. These clients may be individual investors or institutional investors such as pension funds, retirement plans, governments, educational institutions, or insurance companies. Other examples of institutional investors include educational institutions and insurance firms. Asset allocation, financial statement analysis, stock selection, monitoring of current investments, and portfolio strategy and implementation are all part of the services offered by investment management companies. In addition to managing a customer’s portfolio and ensuring that it is in line with the customer’s other holdings and long-term objectives, investment management may also involve financial planning and advisory services. Bonds, stocks, commodities, and real estate are just some of the numerous types of securities and financial assets that professional managers deal with on a daily basis. The manager may also be responsible for managing tangible assets such as artwork, commodities, or precious metals. Managers are able to assist in coordinating investments with retirement and estate planning, in addition to asset distribution strategies.