http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
Origins of Asset Management from 1700 to 1960
This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers. Specifically, it identifies the main individuals and institutions after 1868 who established the profession. The book draws a distinction between banks (short-term deposit-taking) and asset management (an investment service with longer-term objectives). It explains why some banks fail but asset management businesses generally do not. It argues that asset management has been socially useful and has had a beneficial impact on the development of securities markets by offering choices to savers as an alternative to banks, improving the efficiency of capital allocation, re-cycling excess savings productively and enabling a range of investors - from institutions to individuals - to benefit from thoughtful, long-term investing.
Chapter 1: Introduction adn overview -- Chapter 2: Markets and insurance company investments,1700 to 1900.-Chapter 3: Philip Rose and the first investment company, 1868 to 1883.-Chapter 4: Robert Fleming and Scottish asset management, 1873 to 1890.- Chapter 5: Life office investment 1900 to 1960, and John Maynard Keynes -- Chapter 6: Keynes - flawed investor or genius? Chapter 7: George Booth, Ian Fairburn and the first trust units, 1931 to 1960 -- Chapter 8: George Ross Goobey, revolutionising pension fund investment, 1947 to 1960.- Chapter 9: Observations from the past.
Personal Finance/Wealth Management/Pension Planning
Palgrave Studies in the History of Finance