Professional Money Manager

by Wilshire Finance Partners

A business or bank responsible for managing the securities portfolio of an individual or institutional investor The individual making timely investment decisions for large pools of funds, such as first trust deed investment funds. Typically, a professional money manager employs people with various expertises ranging from research and selection of investment options to monitoring the assets and deciding when to sell them. In return for a fee, the professional money manager has the fiduciary duty to choose and manage investments prudently for his or her clients, including developing an appropriate investment strategy, and buying and selling securities to meet those goals.