What is a Money Manager?
A money manager is responsible for handling the entire investment portfolio of an individual or business entity. He or she receives payment in exchange for planning, monitoring, and implementing client investments. Client portfolios can include individual securities and bonds, as well as real estate and other investments. Great emphasis is placed on personalization and each portfolio is tailored to the unique objectives and goals of the client. Portfolio management is on a discretionary basis, meaning the money manager has the right to make daily portfolio decisions, without consulting the client. Investing can be complex, stressful, and time consuming. Often, investors choose to relieve the pressure by hiring money managers to evaluate markets and make critical portfolio decisions. This can help investors have more time for other things, such as work, family, and hobbies. Furthermore, a good money manager can help her clients avoid making costly investment errors. A money manager typi
