Zzz... Could you please go to the previous page and read sofspy's quoted response at the top?

Let me past them here for your reference:



I don't mind noob questions at all. All of us are noobs at some point in time. But people who asks noob questions when the answer is already available makes you wonder: Should they take CFA even?

And to elaborate, yea, CFA is more for people who are interested in asset/wealth/fund/investment management. To make things incredibly simple, means you manage money. The term used differs among the type of clients. Generally,

Asset Management: Handles institutional investors' money (EPF, Khazanah, DBKL, whatever). Retail investors fall in this group also. Retail investors are people who buy unit trusts. So unit trust managers are in asset management.

Wealth Management: Handles High Net Worth Individuals' (HNWI) money. Also known as private banking. Your clients are typically defined as having over US$1 million in liquid financial assets (meaning, exclude own house, cars, etc).

Investment management refers to this whole industry (managing money). This industry controls ~US$64 trillion globally last year (or 2007). And the largest markets are US, Japan, UK. But stating the size in terms of amount managed is misleading. I don't have data on the annual revenue so I can't say much. But the fees charged are usually 2%. So I suppose the industry's size, very roughly, is US$1.28 trillion by revenue?

In Malaysia, I don't know how big asset management is or what opportunities are available. Most people go into managing unit trusts I suppose? Judging from previous posts mentioning unit trust managers. If you want to know more, just check out career opportunities offered by banks/fund houses/investment houses (if available).

This post has been edited by Tangiers: Feb 4 2009, 05:45 PM