Asset Under Management
Also known as AUM, it refers to the total value of financial assets that an investment company or bank manages on behalf of investors.
It’s basically a term used to describe how much assets a manager manages on behalf of the investors.
If a certain company has control over $10 billion of cash assets, $14 billion of fixed income, $20 billion of shares, and $4 billion of alternatives, its AUM would be $48 billion.