CRM -- listing assets

CRM -- listing assets

I'd like to be able to track the assets each customer owns.  This includes the name of the asset, and its serial#.  What would be the best way for me to design this into the CRM?  I would also like to either get a list of these by search, or creating a report so that it lists the company name, customer name.

Can I do the above using the "standard" CRM?