Investment management is the management of various securities as shares, bonds and asses in a professional way. The aim is to satisfy the investment aims and needs of the investors. Investors could be represented by insurance companies, pension funds, corporations that is to say by institutions or by private investors (alone or through mutual funds). The term asset management is often used to refer to the management of collective investments, whilst the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers, who specialize in advisory or discretionary management on behalf of private investors, may often refer to their services as wealth management or portfolio management often within the context of "private banking".
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