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Username: Andrew

Rating:
Guru Stars

Asked to: Jacob Rogers

Date Created: 04 Jan 2018
Category 28
Tag Financial
Question What is a 'Money Manager'?
Advice from Guru
Hello Andrew,

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.

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