A system and method of managing assets for customizing user interfaces of multifunction peripherals includes an asset management system that includes a memory for storing assets such as background images, logos, taglines, applications, and configuration templates. An associated processor determines the permission level of the user or administrator and provides access to assets based on the permission level of the respective user or administrator. The permission level of the user or administrator is based on the associated level within the tiered permission topology of asset management system. Users can use assets of administrators and other users to generate customized user interfaces for multifunction peripherals using assets of anyone in a child, peer, or parent relationship, but are restricted from performing administrative operations, such as editing and deleting of assets, on assets of other users and administrators. Administrators are restricted from performing administrative operations on assets of higher tiers.