Money manager

Money manager

Investment Manager

A person or, more often, a bank or business who controls an investment portfolio on behalf of a client. Investment managers make investment decisions on behalf of the client in accordance to the parameters set by the client. The goal is to make the most profit for the client as possible. Some investment managers have more autonomy than others, depending upon the client's needs and desires. Institutional investment managers normally hire a team to work on the different accounts it has under management. Unlike brokers, investment managers are not paid on commission, but rather by a percentage of the total amount of money under management. This gives the investment manager an incentive to work for the client's profit, as the more money the manager accumulates, the more he/she/it makes. An investment manager is also known as a money manager or portfolio manager. See also: Advisory account, Discretionary account, Markowitz Portfolio Theory.

money manager

Money manager.

Registered money managers are paid professionals who are responsible for handling the securities portfolios they oversee in the best interest of the institutions or individuals for whom they work. That obligation is known as fiduciary responsibility.

The specific decisions an individual money manager makes vary, depending on the portfolio in question. For example, pension funds, mutual funds, and insurance companies have money managers, as do endowments, managed accounts, and hedge funds.

The portfolio that the manager constructs and the amount and timing of the trading he or she authorizes are directly linked to the portfolio's investment objective and risk profile.

References in periodicals archive ?
For example, one money manager describing its ESG integration program said it involved sharing key ESG information with all its investment teams, but did not explain to what extent the recipients actually used, or are expected to use, this information.
12 -- Intuit earlier partnered with Moneycontrol for soft launch of Money manager and has today announced the official launch.
SMAs are private portfolios of stocks and bonds guided by a professional money manager who makes decisions according to a specific investment objective.
What money manager or mutual funds might be selected?
is being sued by a group of funds associated with a New York money manager over the recently renegotiated terms of the struggling financial-services company's outstanding debt.
To the extent a portfolio will be actively managed by a professional money manager, an investor should carefully select appropriate managers or mutual funds to meet the portfolio's objectives.
the pioneer of a technology platform that enables pension plan sponsors and consultants to conduct money manager searches online, has formed an alliance with Zephyr Associates, Inc.
Your advisor will then help you pick out an independent money manager with an excellent record in each area.
The professional money manager targets investment returns relative to market indices, taking the associated risk and stated objectives into consideration.
In a typical soft dollar d a broker prepays researh expenses behalf of a money manager in propor to the future trades and trading commissions the manager promises the broker.