Assets Under Management (AUM)
DEFINITION
Assets under management, or AUM, is the total market value of the investments a person or firm manages for clients. The exact definition and calculation can differ between companies.
ELI5
Imagine a money manager looking after many boxes of money for different people. AUM is the total value of all those boxes added together.
Other related terms
Co-Insurance (also known as co-payment)
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Irrevocable Trust
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Non-Fungible Token (NFT)
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Market Value
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