Is Brookfield Asset Management Stock a Buy Now?

Brookfield Asset Management's (NYSE: BAM) fortunes are tied to Wall Street in many ways. And with the S&P 500 index (SNPINDEX: ^GSPC) near all-time highs, some investors may be worried about the Canadian asset manager's future. It's not unrealistic to be worried, but there's an important nuance here that could make this stock a buy right now for income as well as growth and income investors. Here's what you need to know.At the core of Brookfield Asset Management's business is the fact that it manages money for other businesses and people. It generates income from the fees it charges for providing this service. There's nothing unique about being an asset manager on Wall Street, with plenty of large companies doing exactly the same thing.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool