The present invention relates to a wireless alerting system for personal area asset supervision, the system includes an observing device, using a host apparatus such as Bluetooth, capable of monitoring at least one identifier device located within a selected proximity which encompasses an area in a selected radius of distance; wherein the observing device provides infrastructure for the system including power supply and a user interface; and wherein the identifier device is a generic tag or customized to some extent in the system for attachment to any item.