Gray will succeed Winestock in joining the Committee comprised of the companyâs 12 most senior executives. In his new position, the 51-year-old Gray will join UPSâs Management Committee, comprised of the companyâs 12 most senior executives.
Assets Under Management (AUM) Assets under management (AUM) refers to the total market value of investments managed by a mutual fund, money management firm, hedge fund, portfolio manager, or other financial services company. AUM generally changes according to the flow of money into and out of a particular fund or company.
Limitations Of The AUM Model. Of course, the reality is that while the AUM model may allow the firm to be more financially viable than a retainer model for a similar client base, the AUM model isnât capable of serving a large swath of individuals who donât have an asset base to which AUM fees can be applied.