What is the Portfolio Management ?
Portfolio management is more than just investment advice, as it can encompass all parts of a person's financial life. The idea is that rather than trying to integrate pieces of advice and various products from a series of professionals, high net worth individuals benefit from a holistic approach in which a single manager coordinates all the services needed to manage their money and plan for their own or their family's current and future needs.
While the use of a Portfolio manager is based on the theory that he or she can provide services in any aspect of the financial field, some choose to specialize in particular areas. This may be based on the expertise of the wealth manager in question, or the primary focus of the business within which the wealth manager operates.
Professional licensed portfolio managers work on behalf of clients, while individuals may choose to build and manage their own portfolios. In either case, the portfolio manager's ultimate goal is to maximize the investments' expected return within an appropriate level of risk exposure.
Key Features of Portfolio Management Services (PMS):
Professional Management: A portfolio manager, supported by a team of research analysts, designs and executes a customized investment strategy based on the client’s financial goals, risk tolerance, and time horizon.
Customization: Unlike mutual funds, where investors pool their money into a single portfolio, PMS provides individual portfolios based on specific preferences. Investors have more control over their assets and can give instructions on which assets to include or exclude.