Who are money managers? To give a simple definition, money managers are people who, for a fee, will manage other peoples money. Money managers are also referred to as investment advisors, investment counselors, financial planners, and asset managers. On the other hand, the World Wide Web offers one that is complex, and reads as follows: The person who is responsible for a portfolio of securities. In return for a fee, the manager has the fiduciary responsibility to manage the assets prudently and choose which asset types are appropriate over time.
Many people choose to utilize a money manager due to the fact that managing an investment portfolio is very time consuming, and is sometimes complicated to understand. There are so many different ways that money can be invested, and for the average layperson, figuring out what type of account will return the biggest profit is sometimes an impossibility. Finding a competent money manager who can do the required research and make all of the decisions for you will not only afford you peace of mind, but will also allow you to take care of other pressing matters that require your personal attention.
There are a variety of...
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