Money management

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Money management

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Money Management

1. The act or practice of an investment advisory firm making investment decisions on behalf of a client. Money management often opens up more potential investment vehicles up to the client. Another advantage is that, theoretically, money managers have more knowledge and experience in making appropriate investment decisions than the client. This is also called investment management.

2. The act or practice of handling one's personal finances. Money management involves paying the bills, making investments, and paying taxes.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Today, the typical mainframe storage administrator manages on the average more than 40 terabytes of disk storage while the typical storage manager for Unix, Linux and Windows manages from 1 to 5 terabytes.
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