Asset management companies (AMCs) are firms that manage investments on behalf of clients, which can include individuals, institutions, and corporations. They pool funds from various investors to create diversified portfolios, investing in assets like stocks, bonds, and real estate. The goal is to grow the clients' wealth over time while managing risk. AMCs employ professional fund managers who analyze market trends and make investment decisions. They charge fees for their services, typically based on a percentage of the assets under management. Popular examples of AMCs include BlackRock, Vanguard, and Fidelity Investments.