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Managed money is a way in which investors rely on a money manager to make decisions regarding their investment choices. Managed Money is typically done on a fee basis varying firm by firm. Managed money takes a more personalized approach than getting involved with mutual funds or otherwise. There are numerous benefits and advantages to managed money for investors. There is a belief among investors with managed money that they may earn higher returns with an investment manager than they would without one. Managed money generally has fewer transactional costs and involves less personal analysis. Investors have multiple options for fund allocation with managed money in the investment market. Managed money is a strategy in which investors take advantage of services offered by financial professionals such as an investment advisor or investment manager.
Portfolio management, a function of managed money, selects, prioritizes, and controls one’s assets. Portfolio management is meant to line up with investor’s objectives. The overall goal is to balance investor’s goals and their risks while optimizing investment return. Portfolio managers are responsible for creating and managing investment allocations for their private clients, which involves determining a client’s appropriate risk tolerance and applying that to the investment strategy. A true portfolio manager spends more time on the analytical aspect of portfolio management. Portfolio management usually requires a degree in business, finance, or economics. Portfolio management requires specific attention to market conditions, trends, and overall economic status. To do so, portfolio managers keep up with investment and trade news and work with investment analysts and researchers to optimize their effectiveness.
A large component of portfolio management is relationships. Portfolio managers contact their clients to advise them on present economic conditions, updated research, and trends that may impact their portfolios. As part of their role as fiduciary, which requires the utmost level of ethics, portfolio managers meet with their clients annually at a minimum to ensure that the portfolio is still in line with the investor’s objectives. Portfolio management involves high regulatory standards, so portfolio managers must provide investors with proper disclosures, privacy law information, anti-money laundering requirements, and anti-fraud measures.
An investment advisor, sometimes referred to as an investment manager, can offer full-service portfolio management for their clients. Some investment advisors take a holistic approach to portfolio management, determining asset allocation percentages and selecting individual funds or securities for the managed portfolio. Many investors choose to be involved in investment decisions in their portfolios. Still, there are those investors who choose to rely one hundred percent on the investment advisor to manage their money. Investment advisors charge annual fees or fees based on the total assets under management with portfolio management services. Managed money portfolios enable us to find the best solution for your unique needs and lifestyle. Learn what our managed money program can do for you!