A money manager is a person or financial firm that manages the securities portfolio of an individual or institutional investor.
 | | Term of the Day | Words to Know | | |  | | 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 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," "asset manager," or "investment manager." | | 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