A business or bank that takes up the responsibility of managing the securities portfolio of individuals or institutional investors can be regarded as a money manager. Also known as portfolio managers or investment managers, usually the money managers employ skilled people who can advise investors on selection of investment options, monitor assets and securities and decide to sell them on their behalf for a fee. At IC Markets Forex broker, the partnership process involves developing an overall viable investment strategy for their clients.
How can the money manager help you?
Money Managers offer customized services in creating individualized portfolio and managing your accounts. Professional money managers do not get commissions of transactions. Their pay is based on a percentage of AUM (assets under management).
There are types of money managers. The Discretionary Investment Management is one such form in which the portfolio manager takes the buying and selling decisions for the client’s account i.e. at his/her discretion. This service can be offered by individuals who have expertise and experience in the investment industry and required educational credentials. Typically, discretionary investment management is offered to clients with a high net worth having a large volume of investable assets.
Benefits of employing a Discretionary Investment Management from IC Markets Forex broker
There are several merits of hiring a money manager that you could consider in your favour
- Discretionary investment management allows clients to be free from the daily pressure of handling investment decisions.
- If you have investible assets, but less interest or knowledge in following the market trend, a qualified portfolio manager could help as he/she is better positioned to understanding the vagaries of the market.
- Delegating the investing process to a competent manager will give you a lot of time to focus on alternative significant things.