Question

What does Money managers do?

Answer 1

A money manager is a person or financial firm that manages the securities portfolio of an individual or institutional investor. Typically, a money manager employs people with various expertise ranging from research and selection of investment options to monitoring the assets and deciding when to sell them.

Answer 2

Money managers decide how to allocate a person's investments across stocks, bonds, and alternative investments. The money manager is responsible for developing asset allocation program.