A portfolio manager is responsible for investing their clients’ money. Also known as a wealth manager, they work for high net worth individuals and institutional clients such as mutual funds or insurance companies.
The portfolio manager carefully selects the best investment opportunities to grow their clients’ capital. To assess an investment’s potential, the portfolio manager relies on the soundness of an asset’s economic and financial model. They may also rely on financial analysts’ recommendations to make better decisions. Another part of their job is to optimize capital allocation to assets according to their clients’ objectives.
Synonyms: Fund Manager, Investment Manager, Wealth Manager, Asset Manager
Related Terms
If a company was an apple pie, a stock would be a slice of the pie. In short, a stock is a slice of a company. Everyone who owns a piece of a company has the right to share a portion of the profits of the company. Read more
The stock market encompasses all the people, companies and institutions buying and selling slices of publicly-owned companies and other securities. Read more
A portfolio is the sum of all your investments put together. For example, if you own two apartment buildings, your real estate portfolio is composed of those two buildings. Read more
About The Author: Edouard
Edouard is a financial analyst at Hardbacon. He is responsible for compiling lists of securities that our users can find in the "Explore" section of the application.
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