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Portfolio Manager

Description:

Portfolio managers work with a team of analysts and researchers, and are ultimately responsible for making the final investment decisions for a fund or asset management vehicle.

They can be called ‘Fund Managers’ or ‘Asset Managers’ depending upon the size of the asset/fund value. Their objective is to grow assets under management.

They may work for large asset management firms, or for small boutique fund management firms managing investment portfolios of stocks, bonds, mutual funds, and other investment vehicles for the clients.

Portfolio Managers can either start as Research Associates or Analysts.

Disclaimer_DILO:

Typical Day in The Life (DILO) or Work Schedule of someone pursuing that career.

This is a fictitious calendar and is meant to give an idea of the different tasks that the professional performs and different people that the professional needs to coordinate with.

This may differ from organization to organization and context.

Context DILO:

A portfolio manager working for a small boutique firm managing clients’ investment portfolios.

DILO, Day In The Life of:

Time Activity
6:00 am – 7:00 am Review research on different sectors and asset classes
8:00 am – 8:30 am Check the pre-market movers.
9:00 am – 10:00 am Keep monitoring the markets via alerts and text messages. Meeting with a client for portfolio review and financial planning.
10:00 am – 10:30 am Respond to emails
10:30 am – 11: 30 am Write an article for a business weekly.
11:30 am – 12:00 Noon Call with a reporter to discuss market movements.
12:00 pm – 12:30 pm Lunch
12:30 pm – 1:30 pm Respond to market movements by placing the trades
1:30 pm – 3:30 pm Meetings with clients to review the portfolio performance and to do financial planning.
3:30 pm – 4:00 pm Respond to E-mails.
4:00 pm – 5:00 pm Update retirement plan clients regarding what to do in their individual plans based on the models and risk tolerance
5:00 pm – 6:00 pm Write a commentary on Fed’s decision on rate hike for a news channel.

Career Ladder:

Exact career path or career ladder or career progression may change from organization to organization, but below is a typical path.

CareerLadderImage:

PortfolioManagerCareerLadder.jpg

Description For Certifications:

Links to Certifications or Credentials, that can also be identified as Professional Organizations that certify, can potentially help in climbing up the career ladder.

Professional Certifications or Credentials:

Certification Description Career Level Certifying Body
CFA The Chartered Financial Analyst® Entry Level/Expert/Professional CFA Institute
CPM ™ Chartered Portfolio Manager Program Expects working knowledge of Finance at graduate level at a minimum. GAFM ®
CMT Chartered Market Technician Minimum 3 years of relevant working experience MTA
CFP Certified Financial Planner ® Minimum of 3 years of relevant working experience CFP Board
CTFA Certified Trust and Financial Advisor® Experienced professional ICB

Description For Associations:

Links to Associations, that can also be identified as Professional Organizations that certify, can potentially help in climbing up the career ladder.

Professional Associations or Organizations:

Association Description More Info
IACPM International Association of Credit Portfolio Managers. IACPM
GAFM Global Academy of Finance & Management ® GAFM
ACPM Academy of Certified Portfolio Managers ACPM
ABA American Bankers Association ABA

Portfolio Manager Tools:

Links to a few Tools/Techniques (Also called Career Management Tools or Career Tools) and Methods (Also called Career Method Tools or Techniques) that the professionals in that career path tend to use, like this:

Tool Purpose More info
AIM AIM helps fund managers increase deal flow, improve efficiency, and demonstrate credibility to investors. AIM
FC PORTFOLIO FC Portfolio is solution for investment managers and accounting firms. It supports portfolio accounting, management and reporting tasks. FC Portfolio
IMS Investment Management System (IMS) is a portfolio-management and accounting solution that utilizes technology to deliver a solution for asset managers, mutual funds, insurance companies and pension plans. IMS

Portfolio Manager Methods:

Links to a few Methods (Also called Career Method Tools or Techniques) and Tools/Techniques (Also called Career Management Tools or Career Tools) that the professionals in that career path tend to use, like this:

Method Description
Active Asset Management It seeks to take advantage of the inefficiencies in the market
Passive Asset Management Is based on the belief that the markets are efficient and low cost investments held for long time can yield better results.

Portfolio Manager Experts: