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QUESTION:  How do you define "assets"?

 

An asset is anything of value that is owned by an organization or an individual. Examples are cash, computer equipment, and investments. Assets can be any percentage of real property or of personal property that can be liquidated in order to pay debts.

 

The specific asset metric used by ERI in the Assessor Series is the one most commonly used in the specified industry.  In ERI Salary Surveys, we ask for “assets,” so whichever metric is reported is the one used in the survey results.

 

For certain financial industries, such as eSIC 6282 - Investment Advice Services, assets under management (AUM) is the metric referenced.  Assets are also shown on the balance sheet of a life insurance company's annual statement.  

 

For definitions of other terms, please see the Glossary of Compensation and Benefits Terms.