What does a Portfolio Manager do?

A Portfolio Manager manages a group of investments, assets, and/or loans, on behalf of their organization. They are responsible for making investment decisions with the goal of achieving the company’s objectives while minimizing risk.

As Portfolio Managers, they analyze market trends, economic data, and company financials to make informed investment decisions. Additionally, they communicate regularly with their leadership team to provide updates on their investments and ensure that their investment strategies align with their goals.

Portfolio Manager Responsibilities

  • Generate an investment policy statement, outlining the firm’s investment objectives.
  • Construct successful investment portfolio(s) informed by market conditions and economic trends.
  • Buy and sell securities, assets, businesses, or loans to maintain a specific investment strategy, or to reach an investment objective.
  • Determine acceptable risk levels for clients based on time frames, risk preferences, return expectations, and market conditions.
  • Maintain internal/external relationships, informing investors/leadership team of market conditions, updating them on investment research and economic trends, and meeting with them to discuss their portfolio performance and investment objectives.
  • Evaluate the performance of investment portfolios and ensure compliance with standards provided by regulatory organizations, including conformance with investor disclosures, privacy laws, etc.
  • Prospect for new investors and investment opportunities.
  • Stay up to date with relevant investment and trading news, and economic trends.

Portfolio Manager Qualifications

  • Bachelor’s degree in business, economics, or finance.
  • Professional certification as a Chartered Financial Analyst (CFA), or similar qualification, such as a CPA, a plus.
  • NASAA Series 66 and/or FINRA Series 7 licenses (depending on the type of firm).
  • 3 or more years’ professional portfolio management experience.
  • Detailed understanding of capital markets.
  • Exceptional analytical skills.
  • Proficient in various financial management software.
  • Proficient in Microsoft Office Suite (Word, Excel, Outlook).
  • Excellent written and verbal communication skills.
  • Highly organized and detail-oriented.

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