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.
Plus, even better, you donât even have to pay money up front! All heâll do is remove 1-2% of your total net worth every year at the end of the year so that you donât have to be bothered with writing a check. This is called an assets under management (AUM) model of financial planning, and it will slowly rob you blind. The problem with this model, from you, the investorâs perspective is that you never have to write the checks. You avoid the pain. Letâs compare how that model looks against an hourly model (mine).