Money management

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Money management

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.
References in periodicals archive ?
Responsibilities: As part of the American Express financial services complex, he is responsible for the company's asset management group, which manages $28 billion for institutional and retail clients; Asset Management International, which provides global equity-management services to institutional clients and manages roughly $7 billion of assets; and the portfolio management group, which serves individual investors and smaller institutions and has $533 million in assets under management.
It can then manage risk to a specified earnings level based on the company's risk appetite.
When I was a PACE director I used assisted living extensively to manage my risk.