A money manager is a person or financial firm that manages the securities portfolio of an individual or institutional investor.
 | | Money Manager | A money manager is a person or financial firm that manages the securities portfolio of an individual or institutional investor. Typically, a money manager employs people with various expertise ranging from research and selection of investment options to monitoring the assets and deciding when to sell them.
In return for a fee, the money manager has the fiduciary duty to choose and manage investments prudently for his or her clients, including developing an appropriate investment strategy and buying and selling securities to meet those goals. A money manager may also be known as a "portfolio manager" or "investment manager." Examples of leading money managers include Vanguard Group Inc., Pacific Investment Management Co. (PIMCO), and J.P. Morgan Asset Management. | | Read More » | | Related to "Money Manager" | | | | Portfolio | | A portfolio is a grouping of financial assets such as stocks, bonds, and cash equivalents, also their mutual, exchange-traded and closed-fund counterparts. | | Read More » | | | Fiduciary | | A fiduciary is a person who acts on behalf of another person or persons to manage assets. | | Read More » | | | Fee-Based Investment | | A fee-based investment refers to how a financial advisor is compensated, in particular, the ability to earn a commission by selling a product. | | Read More » | | | Chartered Financial Analyst | | A chartered financial analyst is a professional designation given by the CFA Institute that measures the competence and integrity of financial analysts. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
No comments:
Post a Comment